This week, the Axie Infinity project unveiled the trailer for its new Web3 game Atia’s Legacy. Meanwhile, renowned company LVMH faced a lawsuit for NFT patent infringement, and NFT trading volumes have dropped by 63% since December 2024.
New trailer from Axie Infinity
Blockchain gaming project Axie Infinity released a trailer for its new Web3 game Atia’s Legacy. The game is a massively multiplayer online (MMO) video game set in the Axie universe. Axie Infinity developer Sky Mavis provided a sneak peek of the game's next chapter, highlighting that the project continues to provide true asset ownership to its players. The new development came after the US Securities and Exchange Commission ceased investigations into major NFT projects. Additionally, a Trump-owned company registered trademarks for an NFT marketplace.
LVMH sued over NFT patent tech
Smartwatch face design firm Watch Skins sued luxury brand LVMH, accusing it of patent infringement. Watch Skins claimed to have developed a system that lets users display verified NFTs on smartwatches. The firm alleged that TAG Heuer, a watch brand owned by LVMH, unlawfully used their patented NFT display technology in its smartwatch and encouraged users to infringe the patents by providing instructions on using the NFT display features. Watch Skins sought a trial, compensation for lost royalties and profits, and a court order to stop LVMH from further using the patented NFT technology.
NFT trading volume decline
Despite some positive regulatory developments and interest in the US, NFT trading volume momentum slowed in the first quarter of 2025. NFT trading volumes have plummeted by over 60% since December 2024. In December, the total trading volumes for blockchain-based digital collectibles reached $1.36 billion but fell 26% in January, according to DappRadar analyst Sara Gherghelas. The trend continued in February, with volumes dropping 50% month-on-month. Gherghelas attributed the downturn in NFT values to their connection with crypto prices. "While NFTs had been showing signs of a comeback in recent months, their momentum has slowed since the start of the year," she said.
Despite the decline in NFT trading volumes, projects like Axie Infinity continue to impress with new announcements and keep innovating their offerings. Meanwhile, legal disputes over patent issues highlight the complexity and dynamism of the NFT sector.
