Metaverse land prices plummeted 99.8%, with plots once valued at $24 million now worth only $9,000, reflecting market revaluation. NFT market trading volume declined significantly, though sales volume increased, shifting toward cheaper assets. High-end valuations were further eroded, indicating the market is moving toward utility-based assets.

Gate News: On March 19, NFT series Azuki launched TCG digital card Gate 0, which users can mint for free. The official team stated that Gate 0 is not a playable card in the Azuki TCG and does not have any gaming functionality, existing solely as a collectible.

Gate News reports that on March 18, Sui ecosystem decentralized AI infrastructure project DeAgentAI announced it has completed the second round of AIA token airdrop distribution to Genesis NFT holders. The airdrop has been directly sent to users' bound Sui

Gate News, on March 18, NFT project Doodles launched an AI creation platform at makedoodles.ai. The platform supports users uploading images and generating artwork in Doodles style through AI technology.

On March 17, Polymarket prediction market data showed that a new account bet $150,000 that Netanyahu would step down before March 31. Despite a clarification video posted from his official account, the unusual activity raised questions, with the current prediction probability at 4%. The account had previously been active in NFT trading.

A certain NFT trading platform announced a delay in its SEA token issuance plan. CEO Devin Finzer stated that the token generation event originally scheduled for Q1 2026 will be postponed, with specific dates to be announced later. The delay is due to challenging cryptocurrency market conditions, with the team aiming to ensure all preparations are fully in place before launching the issuance.

Gate News Update: On March 12, the Paraguay National Tax Service issued Resolution No. 47/26 to strengthen tax regulation on Bitcoin and cryptocurrencies. The new regulation requires crypto platforms and administrators to report detailed information on each user transaction, including wallet addresses, networks used, and transaction hashes. The scope of regulation covers cryptocurrency donations, inheritances, and NFT transactions exceeding $5,000 annually. This measure aims to incorporate digital assets into Paraguay's national tax system while complying with the Financial Action Task Force (FATF) anti-money laundering recommendations.

Gate News Announcement: On March 11, the NFT project Doodles officially announced that the Doodles AI beta version will be officially launched on March 17.

Pudgy Penguins has launched its flagship browser game Pudgy World, which is designed more as a casual mainstream game. The game is set in the virtual world "The Berg," where players complete quests and explore. Adopting a "game first" philosophy, it differs from traditional NFT game models. The market response has been positive, and it is expected to attract more regular players.

NFT platform Gondi was subjected to a contract vulnerability attack on March 10th, resulting in the theft of 78 NFTs and a loss of approximately $230,000. The issue stemmed from a logical flaw in the new version of the Sell & Repay contract. Gondi has taken control of the situation, disabled related functions, is actively compensating affected users, and is pursuing the stolen NFTs.