Welcome to this week’s Nifty Newsletter, where we bring you the latest updates and developments in the world of non-fungible tokens (NFTs). From new game releases to legal battles, here’s what’s been happening in the NFT space.

First up, blockchain gaming project Axie Infinity has released a trailer for its highly anticipated Web3 game, Atia’s Legacy. The game is set in the Axie universe and promises to provide true asset ownership to its players. This news comes at a time when the outlook for NFTs is turning positive, with the US Securities and Exchange Commission dropping investigations into major NFT projects and a Trump-owned company registering trademarks for an NFT marketplace.

In other news, luxury fashion giant LVMH has been sued for patent infringement by smartwatch face design firm Watch Skins. The company claims that LVMH’s watch brand TAG Heuer has unlawfully used its patented NFT display technology in a smartwatch and is seeking compensation and a court order to prevent further use of the technology.

Meanwhile, NFT trading volume has seen a significant decline of 63% since December 2024. This drop in trading volume has been attributed to the connection between NFT values and crypto prices. Despite this, there have been some positive regulatory developments and interest in the US, indicating that the NFT market may see a comeback in the near future.

Thank you for reading this week’s Nifty Newsletter. We hope you found it informative and insightful. Be sure to check back next Wednesday for more updates and insights into the ever-evolving world of NFTs. And don’t forget to subscribe to our newsletter for the latest news and developments in the NFT space. See you next week!