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Nalezeno "Fungible": 1562

NFTs Are 'A Scam', Says Indie Marketplace Itch.io


While some publishers like Ubisoft push right ahead with NFTs, regardless of how their own workers feel about it, and others like EA are prepared to half-ass their way through the fad, one video game marketplace has come out and issued one of the most welcome statements I’m yet to see from within...

US Treasury Warns NFTs May Present New Illicit Finance Risks


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...

Saudi Princess Reem Al Faisal Launches ‘First’ Saudi NFT Collection


Reem Al Faisal, the photography-loving Saudi Arabian princess, recently announced the launch of her first Saudi non-fungible token (NFT) collection on Opensea and an art gallery in the metaverse. Photography Career Saudi princess Reem Al Faisal has launched her first NFT collection, called...

Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club


Two reports claim that the creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC) are in talks of raising funds from investors such as the venture capital firm Andreessen Horowitz. The alleged funding round is expected to be around $200 million, but sources further...

Ubisoft’s Latest Galaxy-Brain Move Is To Gift Scammy NFTs To Employees


Ubisoft’s ongoing NFT odyssey continues to bewilder and demoralize not just longtime fans but also its own developers. The company recently held another workshop aimed specifically at addressing the concerns of skeptical employees, yet also started giving out special NFTs to some members of...

The Metaverse: Three Legal Issues We Need to Address


  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


  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


  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...

How to Use Layer-2 Solutions to Save on Ethereum Fees: Immutable X


  The Ethereum (ETH) network has been struggling to scale, plagued with skyrocketing gas fees and slow transaction confirmation times. Following the explosion of decentralized finance (DeFi) and non-fungible tokens (NFTs) over the last two years, the strain on the network has become palpable...

EA's Boss Went From Calling NFTs The 'Future' To Running Away From Them


Just three months ago, Electronic Arts CEO Andrew Wilson called NFTs an important part of “the future of our industry.” Now he’s doing everything he can to downplay their significance. The move by the publisher of FIFA and Madden comes as the NFT backlash hits new heights, including at EA where...

Worms Studio Ditches NFT Scam After Only 24 Hours


Yesterday Team17—the studio behind the classic Worms series—announced it was getting into the NFT space, teaming up with a third party to release “collectible digital artwork based on one of the most beloved IPs in indie games”. A day later, that plan is in the bin.Read more

Kanye West Won’t Do NFTs, For Now At Least


  Rap superstar Ye, who changed his legal name from Kanye West last October, is not planning to roll out a non-fungible token (NFT) -- at least not for now. However, he could change his mind later, according to the artist’s recent Instagram post. “My focus is on building real products in the real...

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