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Artists sue SEC over NFT status, DraftKings kills NFT business: Nifty Newsletter
31.7.2024
Two artists have taken legal action to demand clarification from the SEC over the status of NFTs
DraftKings kills NFT business, citing 'legal developments’
31.7.2024
It comes four weeks after a federal judge found DraftKings NFTs fell “within the meaning” of the Securities Act and Exchange Act and thus could be securities
DraftKings Dumps NFT Business, Citing Legal Developments
30.7.2024
The sports gambling company faces a class action lawsuit alleging its NFTs are securities
U.S. Judge Sets Stage for NFT Securities Trial as DraftKings Lawsuit Moves Forward
3.7.2024
The class action suit from DraftKings buyers alleges that NFTs are investment contracts
FaZe Clan Gets Into Bed With Sports Gambling After Massive Member Purge
16.5.2024
FaZe Clan, the massively popular conglomerate of pro gamers, streamers, and online personalities, is trying to reinvent itself after a catastrophic IPO and recent purge of a majority of its members. It’s now partnering with DraftKings to do that, taking $11 million from the sports betting app...
DraftKings faces scrutiny over Polygon deal
1.12.2023
The biggest gaming operator, DraftKings, signed a deal with Polygon, a crypto network, in October 2021. This aimed to promote web3 technology and NFTs, which would be achieved via the DraftKings marketplace. Polygon was meant to offer NFTs to a new target audience who had not explored them before...
Paying for Use Slows Down Crypto's Search for a Use Case
30.11.2023
CoinDesk's Danny Nelson reported that Polygon paid DraftKings to be on the network, a furtive deal that only misrepresents consumer choice
Polygon's Secret Deal: Sending DraftKings Millions to Run Failed Validator
30.11.2023
Polygon quietly gave DraftKings' validator preferential treatment while telling the public it was an "equal" member of the validator community
DraftKings' Billionaire-Backed Crypto Analytics Firm CoinScan Raises $6.3M
21.9.2023
The company is backed by Shalom Meckenzie, the largest individual shareholder in sports betting company DraftKings
Fourth Consecutive Week of Decline: NFT Sales Dip 6.75%
9.9.2023
Non-fungible token (NFT) sales took yet another dip this week, marking the fourth consecutive week of decline, albeit a slight one, with a decrease of 6.75%. From September 2, 2023, to September 9, the total sales for this week amounted to approximately $80.69 million, with a notable chunk...
NFT Sales Dip 14%, Yet Buyers Increase: Weekly Report Reveals $91 Million Traded
27.8.2023
According to the latest statistics, sales of non-fungible tokens (NFTs) have taken a 14% dip compared to the preceding week, tallying up to $91.86 million in the past seven days. Interestingly, the count of purchasers rose by 38%; however, NFT transactions witnessed a decline of over 30% during...
Weekly NFT Sales Dip by 1.18% Despite Rising Buyers and Transactions
20.8.2023
Based on the most recent week-long data, non-fungible token (NFT) sales experienced a slight decline of 1.18% from the previous week. Despite a recorded $107.05 million in NFT sales, there was a noteworthy rise of 86.71% in the number of buyers. Additionally, NFT transactions increased by...
NFT Sales Jump 6.59%: A Week of Growth, Dominance of Ethereum, and Record-Breaking Collections
12.8.2023
In the past seven days, the non-fungible token (NFT) market has seen a slight rise, recording sales of $106.87 million — an increase of 6.59% from the previous week. Ethereum-based NFTs made a significant contribution, accounting for 56.35% of the total weekly sales, or roughly $60.23...
Mad Money’s Jim Cramer: I Trust My Money More in Draftkings Than I Would Binance
18.12.2022
The host of Mad Money, Jim Cramer, has cast doubt on the trustworthiness of crypto exchange Binance. “Why can’t people in charge just admit that Binance has no real legitimacy after what happened to FTX?” he asked, adding: “I would trust my money more in Draftkings than...
Draftkings Reveals 2022 College Hoops NFT Collection for March Madness
15.3.2022
On March 15, the American fantasy sports contest and betting company Draftkings announced the company’s first in-house digital collectibles campaign called the “Primetime NFT Series.” The first Draftkings’ NFT series drop will be the “2022 College Hoops...
DraftKings Becomes Polygon Validator After NFT Marketplace Clocks $44M in Sales
7.3.2022
Zero Hash is providing the technical chops for the sports betting platform to become one of Polygon’s largest governors
DraftKings Marketplace plans to launch gamified NFT collection next NFL season
7.12.2021
DraftKings has partnered with the NFL Players Association to expand the offerings of its marketplace via gamified NFL player NFTs
Polygon Enters Into a Strategic Partnership with DraftKings
19.10.2021
Polygon recently announced a strategic partnership with DraftKings, the well-known gaming operator. The collaboration will see both ventures promoting the adoption of Web3 and NFTs. In addition, Polygon will use DraftKings’ digital sports expertise to introduce a new set of audiences to NFTs....
A List Of Your Fave Celebrities Who Are Now Peddling NFTs
1.10.2021
NFTs (Non-Fungible Tokens) have exploded in popularity in 2021. This sucks. NFTs use blockchain technology to allow artists and creators to sell a “special type of cryptographic token which represents sgomething unique”, so each token is one-of-a-kind. Though to be clear: only the token itself...
DraftKings Courts U.K.’s Entain With $22.4 Bln Offer as U.S. Sports Betting Spurs Deals
22.9.2021
Entain, U.K.’s gambling firm, said on Tuesday that DraftKings, the top fantasy sports betting company in the U.S., has offered them $22.4 billion for a takeover. Entain also claimed that an earlier approach by DraftKings was rejected when they were willing to pay 25 pounds per share. The fantasy...