Welcome to the OpenSea newsletter, let's take a look back at the most important NFT and web3 news of the week.
Moonbirds launched the BIRB token
According to news released by the Moonbirds team, a NFT collectible project under Orange Cap Games, on January 27 on the X forum, 65% of the project's BIRB token will belong to the community.
BIRB is the project's token, launched on January 28 on the Solana blockchain.
The largest share of the token funds will be used to reward holders, reportedly this will be paid to active collectors and provide incentives for partners and contributors helping to operate in the real world.
The remaining supply ensures liquidity, which is a reserve that helps facilitate smooth buying and selling while also providing funding for future development, core teams, and early investors.
Wolf Game announced its 2026 development roadmap after a strong momentum restart.
Wolf Game is a player-competitive, long-term operational crypto game, with over 5,000 players joining since its relaunch in the second half of 2025, as reported in a post by its supporter Seedphrase on January 26, outlining a series of gameplay updates planned for 2026.
This update explains how the three interconnected modes in the game - valleys, caves, and peaks - will change to make the game easier to pick up and more socially connected over time.
WOOL is the currency in the game that players can use for voting, building, and participating in the game, and future updates will link it more closely with in-game decision-making and progress operations.
This article serves as both a progress check and a roadmap, showing how Wolf Game plans to expand its world and improve player interaction with that world next year.
Rekt Drinks' X Games limited edition flavor sold out and debuted on the New York Stock Exchange.
According to news released by the brand, the GRXPEFRUIT sparkling water launched in collaboration with X Games by the cryptocurrency beverage company Rekt Drinks sold out in one minute.
The company also revealed that it recently visited the New York Stock Exchange, committed to expanding the institutional adoption of its brand token REKT (used to track engagement and brand activities).
Avalanche becomes the first company to launch a U.S. spot ETF, with VanEck launching the AVAX fund.
Global fund management company VanEck launched the first U.S. spot exchange-traded fund related to Avalanche on January 26, and reports indicate that the product began trading on Nasdaq on Monday.
Avalanche is a blockchain network for NFTs, gaming, and digital applications, with AVAX being its native token and the unit tracked by the fund.
The ETF is named VAVX, allowing investors to track the price of AVAX within standard brokerage accounts and temporarily waiving management fees in the early stages.
This release positions Avalanche alongside other crypto networks such as Ethereum (the largest smart contract blockchain) and Solana (a high-speed blockchain widely used for NFTs and consumer applications), which now have ETFs listed in the U.S. trading on traditional markets.
Forgotten Runiverse announced the game's shutdown and stated that development work will continue.
The fantasy-themed multiplayer game (Forgotten Runiverse) shut down its servers on January 27 due to financial and operational challenges, as mentioned in a statement from the (Forgotten Runiverse) team.
Developers stated that the game will be temporarily inaccessible while evaluating the next steps, but player accounts and progress will be preserved, emphasizing that they have not abandoned the project.
The team noted that during testing and release, the player count exceeded 250,000, with a peak of over 7,000 concurrent users, demonstrating market demand and thanking the Pixels team for their cooperation.
The statement said that if the team has substantial news to announce, updates will be released in a timely manner.
Nifty Gateway will close its NFT trading platform in February.
According to a January 25 announcement cited by Cointelegraph, one of the early consumer-facing NFT markets, Nifty Gateway, will cease operations on February 23 and has entered a withdrawal-only mode.
The platform is owned by Gemini, a U.S.-based cryptocurrency exchange founded by Cameron and Tyler Winklevoss, who stated that shutting down the platform allows them to focus on a broader product strategy.
Nifty Gateway was launched in 2020 and became known for releasing NFTs from selected digital artists during the NFT boom in 2021, after which activity slowed down.
According to the announcement, users must withdraw their NFTs and funds to an external wallet or linked bank account before the April 23 deadline.
Ownership of Foundation is transferred to Blackdove
The NFT market Foundation, known for its carefully curated roster of digital artists, announced that its ownership will be transferred to Blackdove, a company specializing in showcasing and preserving digital artworks, as confirmed by Foundation co-founder Kayvon Tehranian in a statement on January 27.
During the transition period, Foundation's smart contracts, token metadata, and royalty mechanisms will remain unchanged, meaning ownership, provenance, and artist royalties will not be affected, with Blackdove responsible for the operation, content review, and future development support of the platform, while also ensuring the long-term preservation of Foundation's media resources.
In the next 30 days, users will be required to explicitly choose whether to continue receiving communications from Blackdove's Foundation platform; thereafter, Foundation will be fully owned and operated by Blackdove, and the platform will continue to operate as it currently does.
Disclaimer: This content is for informational purposes only and should not be considered financial or trading advice. Mentioning specific projects, products, services, or tokens does not constitute endorsement, sponsorship, or recommendation by OpenSea. OpenSea does not guarantee the accuracy or completeness of the information provided, and readers should verify any statements in this article before taking any action. Readers are responsible for conducting their own due diligence before making any decisions.
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