We collect this week’s highlights on NFTs, play-to-earn, and metaverse which are the main topics we hear more and more details about every day.

For those who do not want to miss the most influential news about the industry among dozens of news, we have compiled the top four of the week for you!

‘Gucci’ Announces Partnership with ‘Yuga Labs’

Credits: Yuga Labs & Gucci

Yuga Labs, the team behind Bored Ape Yacht Club (BAYC) and ApeCoin (APE), has partnered with luxury fashion giant Gucci.

Yuga Labs, the developer of projects such as Bored Ape Yacht Club (BAYC), ApeCoin (APE), CryptoPunks, Otherside, is accelerating its ecosystem with Gucci.

Yuga Labs, the developer of ApeCoin and behind various NFT projects, aims to reveal the intersection of fashion and entertainment as a result of its partnership with Gucci.

By aiming to strengthen its connection to web3, Gucci announced on Monday, March 23, that it has entered into a long-term partnership with Yuga Labs, the web3 company behind several well-known NFT collections including Bored Ape Yacht Club, CryptoPunks, Meebits and NFT project 10KTF. Gucci is expected to integrate into Otherside in the coming period. Yuga Labs also operates Otherside, a Bored Ape-themed virtual world and game.

Founded in 2021, Yuga Labs created the Bored Ape Yacht Club, which has become one of the most successful NFT projects. Yuga Labs later bought the rights to CryptoPunks, Meebits and 10KTF. It raised $450 million at a $4 billion valuation last March.

Robert Triefus, CEO of Gucci Vault & Metaverse Ventures, described the initial craze around NFTs as the “wild west” era and sees the decline of the NFT market since its late 2021 highs as a “fix”. Triefus also added that the NFT market is now in a more logical place and Gucci will leverage the creative expertise within there through strategic partnerships.

Big Step to Be Cross-chain from Magic Eden

Credit: Cryptotimes.io

Magic Eden was an NFT marketplace originally launched in Solana. Additionally, after Solana’s recent decline, it has since expanded and improved significantly with partnerships, events, and launchpad offerings.

At this point, Magic Eden entered the Bitcoin NFT Market with a successful launch. Magic Eden is now gearing up to launch an Ethereum Marketplace featuring some of the best collections in the field.

On Wednesday, March 29, leading cross-chain NFT platform Magic Eden announced the beta launch of Ethereum Marketplace ETH Genesis. The new market will kick off with ten new Ethereum collections made available via the official launchpad on April 6. Thus, Ethereum will be the last supported network within Magic Eden after Bitcoin, Polygon, and Solana.

Magic Eden also plans to make developer improvements to royalties. It intends to respect royalties for native listings, given that competing platforms such as OpenSea and Blur are encouraging low creator royalties, leaving creators out of the equation.

Following this new move, Magic Eden will, for a limited time, provide its partners with a royalty increase and share revenue from marketplace fees with listed launchpad partners.

Sky Mavis Grows Gaming Ventures with New Partnerships

Credit: cryptotimes.io

Sky Mavis, the company behind the popular blockchain game Axie Infinity, has announced that four game studios will develop and release games on the Ronin Network. Sky Mavis has thus taken an important step to create a native game ecosystem for itself.

Sky Mavis announced in its statements that they cooperated with four game studios such as Directive Games, Tribes, Bali Games, and Bowled.io. In addition, the company team announced that the Ronin blockchain has switched to the Proof-of-Stake mechanism.

On the other hand, Sky Mavis’s Kathleen Osgood told Cointelegraph that the company team examined 250 game studios before deciding on the four game studios mentioned. According to Osgood, the team opted for relatively niche studios in the Web3 gaming space to achieve its goal of involving as many people in the ecosystem as possible.

BitGo Releases Security Features for Bitcoin Ordinals

Credit: news.bitcoin

Crypto custody services provider BitGo has recently launched security features to safeguard the holders of Bitcoin Ordinals Inscriptions, which enable them to add text, images, and even videos directly onto the Bitcoin blockchain.

Bitcoin Ordinals were introduced in late January, which means that wallets are not yet fully equipped to receive, send, or store Ordinals Inscriptions, putting potentially high-value inscriptions at risk of being accidentally transferred or sent to mining fees.

The newly launched tool, announced on Thursday, allows users to add Inscription tracking to any bitcoin wallet on BitGo. With tracking enabled, any transaction entering the wallet will be examined for Inscriptions to prevent valuable inscriptions from being lost, thereby enhancing Inscription memory security.

According to data, Bitcoin Ordinals has experienced tremendous growth since its launch earlier this year, with over 700,000 Inscriptions created so far.