The NFT market is undergoing a restructuring, and a small number of projects such as Pudgy Penguins and Doodles are shifting from speculation to sustainable brand operations, demonstrating their ability to convert to real businesses. The industry is clearly diverging; NFT projects that rely on scarcity are losing their appeal, and a complete business model needs to be built. Game mechanics are also shifting from “Play-to-Earn” to “Play-to-Own,” emphasizing asset ownership. The trend of tokenizing NFT IP is gaining traction, but there are risks of fragmented governance and declining loyalty. Going forward, projects that can establish genuine demand and form a closed-loop business cycle are more likely to survive.

Gate News message: On April 2, according to Gate market data, as of the time of publication, ARIA (Aria) is trading at $0.43. In the past 24 hours, it is up 25.33%, reaching a high of $0.50 and dipping to a low of $0.33. The trading volume over the past 24 hours was $1.6239 million. Its current market cap is approximately $77.947 million. Aria.AI is a next-generation game development and publishing experiment. It draws inspiration from a Disney-style immersive world and AI technology, and is designed around game mechanics related to its own IP. It represents a major leap in bringing Web3 a higher standard of game design and publishing quality from Web2 (combined with AI execution). As an open-world mobile game, Aria invites players to explore the world of Fudonia

Mercado Libre announced that it will shut down its own crypto token, Mercado Coin, starting on April 17, ending a nearly four-year user incentives experiment. Users can choose to sell the tokens or use them to offset payments, reflecting a reassessment by large technology companies of the viability of their own crypto assets. Even so, the company continues to maintain other crypto businesses, showing a cooling off in the platform-token model.

Latin American e-commerce giant Mercado Libre announced that it will shut down its in-house cryptocurrency, Mercado Coin, starting on April 17. Users will be able to sell the token, use it to offset purchases, or wait for it to be exchanged for fiat currency. The token launched in 2022 and was intended to serve as shopping rewards. The company has not explained the reason for the shutdown.

Gate News update: On March 31, according to monitoring by the X account how2onchain, the edgeX team allocated most of the airdropped tokens to more than 80 wallets under its control, distributing a total of about 180 million tokens, with a total value of over $90 million.

Trezor firmware product manager Jan Setina announced at the EthCC conference that the team is shifting the firmware architecture to a modular application platform to address the problems of slow integration and limited hardware storage. Developers can build their own applications using the firmware, with each application running in an independent sandbox to enhance security and expandability.

The P2P.me team admits to placing bets on financing goals on Polymarket without timely disclosure of this action. The team will liquidate all related positions and return the profits, emphasizing that MetaDAO was unaware and plans to establish relevant policies.

Ark Invest, owned by Cathie Wood, conducted a large-scale selloff of tech stocks and crypto assets on March 27, including selling about $41 million worth of Meta and $26 million worth of Nvidia stock, while also reducing its holdings in its own Bitcoin ETF and shares in multiple crypto companies.

Gate News reports that on March 27, Renren Skill announced the launch of its public beta, aimed at creating an AI skill store specifically designed for Chinese users. The platform is fully compatible with the Chinese environment, providing users with a complete one-stop experience for browsing, installing, learning, using, sharing, and creating. According to the introduction, Renren Skill has established a three-tiered community system, covering multi-level needs from beginner users to hardcore developers. The platform allows users to easily build their own Skills and plans to open tipping and monetization mechanisms in the future to improve community ecosystem development.

Meituan CEO Wang Xing emphasizes an aggressive approach in AI business, viewing AI as a strategic opportunity. Meituan is among the leading domestic companies in AI investment, dedicated to developing its own model LongCat and collaborating with top large models to enhance understanding and execution of user needs, striving to make the Meituan app the preferred platform for local life services.