Welcome to our weekly newsletter where we delve into the most significant happenings in the world of non-fungible tokens (NFTs) and blockchain innovations. This week, we spotlight the much-anticipated new Web3 game from Axie Infinity and the legal developments involving luxury brand LVMH.
Axie Infinity Teases New Web3 Game as NFT Outlook Turns Positive
Blockchain gaming pioneers, Axie Infinity, have unveiled a trailer for their upcoming Web3 game, Atia’s Legacy. This game represents a new chapter in the Axie universe, designed as a massively multiplayer online (MMO) video game that promises to enhance player engagement through true asset ownership.
The announcement coincides with favorable news from the US Securities and Exchange Commission (SEC), which recently ceased investigations into major NFT projects. Sky Mavis co-founder Jeffrey Zirlin described these developments as promising for the future of token utilization, further unlocking the potential of digital assets for players.
Luxury Fashion Giant LVMH Sued Over NFT Patent Tech for Watches
In another corner of the NFT space, luxury fashion institution LVMH finds itself embroiled in a patent infringement lawsuit filed by Watch Skins, a company specializing in smartwatch face designs. Watch Skins accuses the luxury brand of unlawfully utilizing their patented technology that enables users to display verified NFTs on smartwatches.
The lawsuit specifically targets TAG Heuer, an LVMH subsidiary, claiming that the brand’s practices encouraged customers to misuse this proprietary technology. The suit seeks compensation for lost royalties and profits, along with a court injunction to prevent LVMH from future use of the technology.
NFT Trading Volume Has Tumbled 63% Since December
Despite recent positive changes in the regulatory landscape, the NFT market faces challenges as trading volumes have plummeted by 63% since December 2024. January showed a 26% reduction in trading activity, which further deteriorated with a 50% drop in February, reaching a total of $1.36 billion at its peak in December, according to DappRadar analyst Sara Gherghelas.
This downturn has been attributed to the overall dip in the crypto market, affecting the sustained interest in NFTs. Gherghelas commented that while NFTs showed signs of a revival in previous months, their momentum has noticeably slowed in 2025.
Thank you for engaging with our weekly digest. We will continue to monitor the NFT space closely and provide insights every Wednesday.
