In this week’s newsletter, see Inappropriate token (NFT) The new trailer of Gaming Project Axie Infinity for the upcoming Web3 game, the ATIA’s legacy. In other news, LVMH’s luxury giant fashion has been charged for violating the NFT patent, and NFT sales have fallen 63% since December 2024.
Axie Infinity is teasing a new web3 game while NFT Outlook becomes positive
Blockchain Gaming Project Axie Infinity has released a trailer for the new web3 game ATIA. The game is a massive multiplayer online (MMO) video game in the Axie universe. Axie Infinity Developer Sky Mavis has provided a sneak peek of the next chapter of the game, featuring that the project continues to provide real ownership to its players.
The new development arrived as the US Securities and Exchange Commission (SEC) dropped investigations into major NFT projects. In addition, a Trump-owned company has registered trademarks for an NFT market.
In a statement, Sky Mavis’s co-founder Jeffrey Zirlin told Cointelegraph that they were promising updates as they could unlock the power of the tokens.
Luxury Fashion Giant Lvmh has filed a NFT Patent Tech for watches
SmartWatch Face Design Firm Watch Skins Sued Luxury Brand LVMH and accused it of breaking the patent. Watching skins claim that it has developed a system that gives users to display verification NFTs on smartwatches.
The company said Tag Heuer, a LVMH-owned brand-owned brand, was illegal to use the Patented NFT display tech on a smartwatch. The company has announced that Tag Heuer has encouraged its users to violate patents by providing instructions for using NFT’s display features.
The skin has requested a test and compensation for lost royalties and income and a court order to prevent LVMH from further use of patented NFT tech.
NFT trading volume has fallen 63% since December
Despite some positive regulation and interest in the US, the momentum of NFT trading volume slowed down the first quarter of 2025.
NFT Trading volumes have dropped more than 60% since December 2024. In December, the total trading volume for digital collectibles based on blockchain hit $ 1.36 billion but fell 26% in January, according to Dappradar Analyst Sara Gherghelas.
The trend continued by February, with volumes falling 50% month-to-month. Gherghelas stated the falling NFT values in their connection to crypto prices. “While NFTs show signs of a return in recent months, their momentum has slowed down since the start of the year,” he said.
Thanks for reading this digest of the most prominent development this week in the NFT space. Come next Wednesday for more reports and insights to the active emerging space.
