NFT Market Update - 25th July, 2022

A proposed class-action lawsuit alleges that Yuga Labs “inappropriately induced” the community to buy its NFTs and ApeCoin by using celebrity promoters and endorsements to “inflate the price” of its digital assets.

Following Minecraft’s announcement, NFT Worlds released a statement focused on their new game and platform. Game access will be 100% free for players, and no credit card payment barriers for content.

Ryan Carson reduced entry fees to 121G NFT fund from $72.5k every quarter to $10k per quarter.

Final Fantasy, one of the most successful video games of all time, is set to receive NFTs in 2023. The Japanese publisher, Square Enis partnered with Polkadot’s parachain @efinityio to release NFTs based on the Final Fantasy VII franchise.