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UK Tax Authority Confiscates 3 NFTs in Fraud Case as a First
14.2.2022
As part of its probe into a potential value-added tax (VAT) fraud, UK tax authority Her Majesty's Revenue and Customs (HRMC) has confiscated three non-fungible tokens (NFTs) in what represents the first seizure of such assets by a British government institution.
On HMRC’s initiative, three...
Rare ‘Alien’ CryptoPunk NFT Sells for USD 23M Worth of Ethereum
14.2.2022
An avid non-fungible token (NFT) collector and ethereum (ETH) holder has made history by spending a whopping USD 23 million worth of ETH on a CryptoPunk token – the highest fee ever forked out for an item in the so-called “OG” collection....
Read More: Rare ‘Alien’ CryptoPunk NFT Sells for...
YouTube Eyes Metaverse, Blockchain, NFT Features As Creator Program Hits 2M Users
11.2.2022
In 2022, YouTube aims to roll out a number of new functionalities, tools, and products for the company’s creators, viewers, and partners -- and per Neal Mohan, Chief Product Officer at the platform, some of the features will also be related to the metaverse, blockchain, and non-fungible tokens...
Binance Partners With Korean Entertainment Corporation — NFT and Metaverse Collaborations Envisioned
10.2.2022
Binance and the South Korean entertainment corporation, YG Entertainment, have signed an agreement that enables the two firms to collaborate on blockchain projects that include non-fungible tokens (NFTs). They also plan to develop games that are compatible with the Binance Smart Chain (BSC). NFTs...
McDonald’s Metaverse Moves: 11 Trademark Applications for 'Virtual Restaurant' & Virtual Goods
10.2.2022
American fast-food behemoth McDonald’s is the latest major brand to make a move into the metaverse by filing no fewer than twelve trademark applications on February 4, eleven of which make direct references to virtual restaurants, cafes, concerts, and other virtual services, goods, and events....
AssangeDAO Wins the Bid for Pak's Clock NFT for USD 53M
10.2.2022
AssangeDAO, a decentralized autonomous organization (DAO) consisting of "cypherpunks" fighting for the liberation of incarcerated WikiLeaks founder Julian Assange, has won the bid for the Clock NFT, which was created by digital artist Pak in collaboration with Assange.
The DAO used...
NFT Prices ‘Relatively Independent’ of Broader Crypto Market
9.2.2022
The market for non-fungible tokens (NFTs) – although still in its infancy – appears to be “a relatively independent market” that does not necessarily move with the broader crypto market, according to crypto analysis firm Coin Metrics.
In their latest report, Coin Metrics noted that it is often...
5 Crypto Trading Platforms and 1 DAO are Set to Air Ads During Super Bowl
9.2.2022
The upcoming Super Bowl in the USA, the annual playoff championship game of the National Football League (NFL), will be inundated with crypto ads as at least five crypto trading platforms and one decentralized autonomous organization (DAO) have paid up to USD 7m each to reserve a 30-second...
Florida Home to be Auctioned Off as an NFT
8.2.2022
A Florida, USA home is being auctioned off as a non-fungible token (NFT) for the first time in the history of real estate. Real estate startup Propy will host the auction and will accept payment in the form of digital assets.
The 2,162-square-foot Tampa Bay home has five bedrooms and three...
Watch Out, Aave and Twitter's Bluesky Move Towards New Social Media Standard
8.2.2022
Decentralized finance (DeFi) protocol Aave (AAVE) has launched an open-source, decentralized social media ecosystem dubbed Lens Protocol. Concurrently, the Twitter-backed Bluesky project has formed an independent organization to implement its vision of creating "an open and decentralized...
People ‘Will Spend 1 Hour a Day in Metaverse in Four Years’ Time, Predicts Gartner
8.2.2022
The research firm Gartner has forecasted that a quarter of all people will be spending “at least” an hour a day in the metaverse by 2026....
Read More: People ‘Will Spend 1 Hour a Day in Metaverse in Four Years’ Time, Predicts Gartner
Sneaker Giant Nike Sues Online Retailer for Selling Unauthorized Nike Shoe NFTs
7.2.2022
Nike has filed a lawsuit against an online reseller using unauthorized Nike shoe images in non-fungible tokens (NFTs). “Those unsanctioned products are likely to confuse consumers, create a false association between those products and Nike, and dilute Nike’s famous trademarks,”...
US Treasury Warns NFTs May Present New Illicit Finance Risks
6.2.2022
The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According to industry estimates, the NFT market could reach $35 billion in 2022 and more than $80 billion by 2025. NFTs May Present Illicit Finance Risks The U.S. Department of...
Rolling Stone Partners With Coinbase, First Collaboration Is a Limited Edition NFT Collection
6.2.2022
Following a two-year hiatus, the American magazine that’s dedicated to music, politics, and popular culture, Rolling Stone, announced the return of Rolling Stone Live. According to the publication, the Rolling Stone Live event marks the company’s first collaboration with Coinbase...
This Year’s Super Bowl Attendees to Get Commemorative NFT Tickets From NFL, Ticketmaster
4.2.2022
The National Football League (NFL) has announced the American football organization plans to give fans virtual commemorative tickets in the form of non-fungible tokens (NFTs) for the upcoming Super Bowl LVI in Los Angeles. The NFL has partnered with Ticketmaster to issue the commemorative...
The Metaverse: Three Legal Issues We Need to Address
4.2.2022
Pin Lean Lau, Lecturer in Bio-Law, Brunel Law School | Centre for Artificial Intelligence: Social & Digital Innovations, Brunel University London._____
The “metaverse” seems to be the latest buzzword in tech. In general terms, the metaverse can be viewed as a form of cyberspace. Like...
Real and Artificial NFT Market Outperformed Crypto in January - DappRadar
4.2.2022
While the crypto market was still down in double digits from its all-time highs, in January, the non-fungible token (NFT) market increased, even excluding artificial trades, per dapp (decentralized application) information provider DappRadar. ...
Read More: Real and Artificial NFT Market...
Nike Asks NY Court to Block Reseller StockX from Selling NFTs of its Shoes
4.2.2022
Nike has filed a civil case in the United States against the Detroit-based online fashion resale platform StockX, claiming that the latter uses unauthorized images of its footwear in non-fungible token (NFT) offerings.
In a 50-page complaint submitted to the New York Southern District Court...
Animoca Brands’ Offshoot nWay Launches Official Multiplayer Party Game of Beijing 2022 Olympics
4.2.2022
nWay, a subsidiary of major non-fungible token (NFT)-focused company Animoca Brands, has launched Olympic Games Jam: Beijing 2022, the official licensed play-to-earn multiplayer party game of the Olympic Winter Games that opened today....
Read More: Animoca Brands’ Offshoot nWay Launches...
Immutable and GameStop to Launch an NFT Marketplace, $100M fund; IMX & GME Rise
3.2.2022
Australia-based Immutable has announced that its layer 2 (L2) scaling protocol for Ethereum (ETH) and non-fungible tokens (NFTs), Immutable X, has partnered with the US-based videogame retailer GameStop (GME) to launch an NFT marketplace.
The new marketplace will be fully carbon neutral, said...