Time President Keith Grossman will depart the media brand to join crypto payments startup MoonPay as President of its Enterprise division. Grossman joined Time in 2019 and oversaw its push into NFTs and the metaverse, including its TimePieces Ethereum NFT project. (Decrypt)

Candy Digital, a sports and entertainment NFT startup that was founded in 2021 and rocketed to a $1.5 billion valuation that same year, laid off a large part of its staff today, a source close to the situation confirmed to Decrypt. (Decrypt)

Ahead of our Private Beta launch, we’d like to announce the closure of our seed investment round. nftperp raised a total of $1.7m at the valuation of $17m.

In spite of the challenging market conditions, the cryptocurrency-based health and wellness app Walken is continuing to make headway in the space. The project’s rising popularity may be explained, at least in part, by its tokenomics and gameplay.

The internet is slowly evolving into its third iteration — Web3. How will NFTs be incorporated into the Web3 paradigm?

Prada, the high-end luxury fashion house, announces the return of its Timecapsule&nbsp;<a href="https://nftevening.com/nft-non-fungible-token-guide/">NFT</a>&nbsp;collection for the holiday season. On December 1 at 3 PM CET, it will launch an exclusive NFT drop featuring physical Prada clothing.&nbsp;&nbsp;

ApeCoin (APE) is up 4% in the last week, to $3.24 at the time of writing, following a bespoke NFT marketplace launch for the Ethereum-based governance token. The new platform will support Yuga Labs NFT collections – Bored Ape Yacht Club, Mutant Ape Yacht Club, and Otherside Metaverse trades.

United States-based ApeCoin holders could miss out on staking rewards after the U.S. was added to a list of regions geo-blocked from using an upcoming APE staking service. Blockchain infrastructure company Horizen Labs, which is building the site on behalf of the ApeCoin decentralized autonomous organization (DAO), revealed the news in a Nov. 24 update regarding ApeStake.io on Twitter, saying “unfortunately, in today’s regulatory environment, we had no good alternative.” (Cointelegraph)

As opposed to “mining” under the “proof of work” protocol, proof of stake is a technique of minting blocks by staking.

Let’s take a look at 5 areas where NFTs will have a positive impact in the coming years