Rarible Protocol updates - week of Mar 28
Protocol updates, team restructure announcement, fresh NFT news, cool reads and some interesting tweets!
⚙️ Protocol Updates
The team continues to work on the Solana support. They have seen a really nice result with indexing and are gathering more and more velocity towards bringing Solana to production. 🚀
Some issues with Polygon were identified, but those are fixed now. The bugs were related to the inability of creating collections and minting items. Indexing is almost done.
The team started an effort of implementing elastic search capabilities on APIs, it will allow for better, more flexible requests.
Added a docker-compose file so any developer can use the nft-indexer locally.
👥 Protocol Team Restructuring
Rarible Protocol is expanding and forming new teams!
In order to support our community more efficiently, a decision was made to shape Rarible DAO and Rarible Protocol into separate entities with dedicated teams.
The newly formed Rarible Protocol teams will be working more closely with Rarible.com. Rarible DAO will continue to incubate projects and will still be governed by $RARI holders. Current grant recipients will continue receiving their funds, according to the terms established on their approved proposals.
📖 Read more about this update here.
🗞️ NFT News
Bored Ape Yacht Club owner Yuga Labs raises $450M led by A16z - Now valued at $4 billion, the company will use the funds to build out its NFT-based metaverse.
DeFiance Capital founder loses $1.7M in NFTs to phishing scam - Arthur Cheong, has had roughly $1.7 million in NFTs lifted from his crypto wallet.
Animoca, Coinbase Ventures back $5M seed round for metaverse gaming studio Block Tackle - The studio’s first release will be SkateX, where players can buy their own skateboard NFTs and vote on decisions about the game.
Abu Dhabi rolls out draft recommendations for NFT trading - Abu Dhabi Global Market proposes that companies with a license from the free zone’s financial regulator be allowed to facilitate NFT trading.
Japan's social media giant Line to launch NFT marketplace - Dubbed LINE NFT, the platform will run on the company’s proprietary network LINE Blockchain.
Time releases first-ever full magazine issue as an NFT - This latest endeavor from the legacy publication will mark the first time any digital or print publication has released an entire issue on the blockchain.
NFT market is shifting into a new growth phase - Nansen Finds Industry is Maturing Amid Spike in Profitable Projects.
Meme stonk GameStop taps Loopring for beta NFT Marketplace - Gamestop’s highly anticipated NFT marketplace will be powered by Loopring instead of Immutable X, recently announced partner.
CoinSpot to launch NFT Marketplace within exchange’s own platform - CoinSpot said Friday it will become the first crypto exchange nationally to offer its users the ability to buy NFTs within its platform.
Feds charge two 20-year-olds in alleged NFT money laundering, ‘rug pull’ scheme - The Department of Justice hit a pair of 20-year-olds with fraud and money laundering charges on Thursday for their role in a $1.1 million scheme involving NFTs.
Google-backed Glance acquires gaming platform Gambit in NFT push - Glance has acquired India’s Gambit as the Google-backed firm looks to supercharge its mobile games offerings and introduce NFTs to its Gen-Z users.
📚 Cool reads
A case study on building a digital fashion empire (and why community is the secret to growth) - by @gregisenberg
Building Expansive NFT Universes: CC0, Fidelity, & On-Chain Bundling - by @simondlr
NFTs and Higher Education: Part 1 - by NonFungible
🐦 Interesting Tweets
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