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NFT News: Find the Latest Updates in a Weekly Liveblog for the Metaverse (UPDATED 5:35pm ET)

Jeff Pratt and Chirag Hira break down the latest NFT news in this weekly liveblog article.

The world is expanding, and DraftKings is expanding along with it. As NFTs continue to grow, this page will serve as a hub for the latest news and notes in the space.

Every week, we’ll publish a live blog that will be updated as news comes in, so you can stay up to date with a simple page refresh.

In case you are new to the Metaverse, check out Jeff’s quick breakdown on what NFTs are and how they work. Now, let’s get into this week’s news:

GameStop Launching NFT Division — Jan. 6 at 5:35 p.m.

GameStop is assembling a division to develop an NFT marketplace for video game collectibles like avatar outfits, weapons and more as part of a turnaround plan. According to The Wall Street Journal, the company is also expected to partner with multiple cryptocurrency corporations to co-invest in the development of NFT games. Sources have suggested that these investments could easily surpass $10 million. GameStop is following a variety of other video game organizations that have entered the NFT industry, such as Ubisoft and Zynga.

Read more about GameStop’s latest move here:

Dapper Labs Registers to Lobby with U.S. Government — Jan. 6 at 2:17 p.m.

Vancouver based organization Dapper Labs has become the first NFT company to federally register to lobby with the U.S. government. The company, which is behind products like CryptoKitties, Cheeze Wizards, and NBA Top Shot, is aiming to influence future policies and promote mainstream education of Web3. Dapper Labs joins a large group of influencers looking to bring NFTs to the table and expand the crypto industry’s presence in Congress.

Doodles are in Demand — Jan. 4 at 10:13 p.m.

Doodles have been on the rise. The 10,000 NFT collection featuring art by Burnt Toast has been steadily climbing over the past week. On New Year’s Eve, the project’s floor rose from 5 to 6.5 ETH. After a few days, it’s up to 8.7 ETH. DraftKings Co-founder Matt Kalish contributed to the hype, purchasing the following Doodle for 150 ETH (almost $571,000) earlier today:

UPDATE: NFT enthusiast Pranksy also purchased a Doodle on Wednesday. See the latest addition to his collection here:

BAYC Hits $1 Billion — Jan. 4 at 4:03 p.m.

Bored Ape Yacht Club’s domination of the NFT industry continues. Now, the project has hit yet another milestone, surpassing $1 billion in total sales on OpenSea’s marketplace since its launch just eight months ago. The incredibly popular collection has garnered support from high-profile celebrities like Stephen Curry, Eminem and Snoop Dogg, who have all purchased apes.

The sky is truly the limit for BAYC.

Yuga Labs’ Backstory — Jan. 3 at 7:04 p.m.

If you know anything about NFTs, you’ve heard about Bored Ape Yacht Club. The wildly successful collection recently flipped CryptoPunks to become the NFT project with the highest floor. For more information about this flip, check out one of our past liveblogs.

While you may know BAYC, there’s a decent chance you haven’t heard about its creators, Yuga Labs. Well, look no further, as the company recently tweeted a thread detailing its backstory. Find everything you need to know here:

NFT TVs? — Jan. 3 at 1:47 p.m.

Samsung is getting in on the action, announcing the launch of its “NFT Aggregation Platform” designed for smart TVs. This platform will be available on the company’s 2022 Neo QLED, MicroLED and The Frame models, allowing owners to browse a variety of NFT marketplaces. Users will be able to view all relevant information about the collectibles before purchasing. Samsung’s “Smart Calibration” technology gives holders the ability to display their NFTs, matching the TV’s specifications to the original image.

This move has gained the attention of NFT enthusiast Loopify. See his tweet about the ambitious project below:

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