Yuga Labs SEC Investigation Dropped and NFT Developments This Week

The SEC has concluded its investigation into Yuga Labs, marking a significant win for the NFT sector, as the company asserts that NFTs are not securities. Meanwhile, a company owned by Donald Trump has filed trademarks for a metaverse and NFT marketplace, while DraftKings has agreed to a $10 million settlement over a class-action lawsuit regarding its NFT sales. Additionally, Hamster Kombat has launched a layer-2 network to enhance Web3 gaming capabilities.

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Hamster Network Achieves 34028 TPS Surpassing Solana in Performance

Hamster Kombat’s Layer-2 blockchain, Hamster Network, has achieved a remarkable 34,028 transactions per second (TPS), outpacing Solana’s 4,360 TPS just two weeks post-launch. This speed positions it as a strong competitor in the high-speed blockchain arena, addressing scalability issues like high gas fees and congestion.The network is set to launch an accelerator program for developers and is engaging users in stress-testing through the “Hamster Boost” initiative. Despite a slight drop in the Hamster Kombat token price, optimism within the community is growing as speculation about future developments increases.

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Musk It Emerges as Potential Next Big Memecoin in Crypto Market

Traders are flocking to Dogizen as Bitcoin and Ethereum experience stagnation, with Bitcoin recently rebounding to $104,501.71 after a dip. Dogizen, the first Telegram ICO, is gaining traction in the GameFi sector, attracting investors ahead of its presale end at $0.000085, while Ethereum aims for a January high of $3,528.15. Meanwhile, speculation surrounds the memecoin Musk It, linked to the Musk family, which could see explosive growth if endorsed by Elon Musk.

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Illuvium Overworld Team Prioritizes MMO Experience Improvements for 2025

The crypto gaming landscape is thriving, highlighted by Hamster Kombat’s plans for a layer-2 network on TON following a significant DAO vote. Meanwhile, Off the Grid has garnered multiple Game of the Year awards and is set to expand its ecosystem in 2025. Illuvium is refocusing on individual titles to streamline development and enhance user experience.

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