NFT News

Indian Railways issues NFT-based train tickets

January 14, 2025 1 min read

Indian Railways is set to introduce NFT-based train tickets for the MahaKumbh Mela 2025, collaborating with Chaincode Consulting. These tickets, minted on the Polygon blockchain, enhance the travel experience for millions attending this significant Hindu pilgrimage. The MahaKumbh Mela occurs every 144 years in Prayagraj, Uttar Pradesh, and is recognized by UNESCO as a World Heritage of Humanity. The use of non-fungible tokens (NFTs) for ticketing combines tradition with modern

Leading NFT marketplace OpenSea data breach exposes over 7M email addresses

January 14, 2025 1 min read

In June 2022, OpenSea, a leading NFT marketplace, experienced a significant data breach. A Customer.io employee accidentally exposed over seven million email addresses of OpenSea users. Initially, OpenSea informed users about the breach, but the complete list of affected emails was released later. This leak poses a serious risk as scammers may target these users. The leaked emails include addresses from notable figures and organizations in the cryptocurrency sector, making

Donald Trump unveils his “Trump Bitcoin Digital Trading Cards” on Bitcoin Ordinals

January 10, 2025 1 min read

Donald Trump has introduced a new NFT collection called “Trump Bitcoin Digital Trading Cards” on the Bitcoin network using the Ordinals protocol. This initial batch consists of 160 cards, with plans for a total of 200. Buyers can obtain 100 cards from the “Mugshot Edition” through the Magic Eden marketplace by linking their Bitcoin wallets. This collection marks Trump’s first NFT project on Bitcoin, following previous releases like the “Trump

R0AR launches 10,000 executive NFTs

October 31, 2024 1 min read

The Executive R0AR Society (ERS) NFT collection is a groundbreaking initiative within the R0AR decentralized finance ecosystem, marking its significance as the first of its kind. This collection features 10,000 distinct NFTs that offer holders a wealth of benefits, including crypto rewards and exclusive access to various features on the R0AR platform. Owning an ERS NFT means more than just having a digital collectible; it grants membership to a vibrant

Coinbase launches a $6M fund to support NFT projects against SEC scrutiny

September 15, 2024 1 min read

Coinbase’s political advocacy group, Stand With Crypto, has established the Creator Legal Defense Fund to promote non-fungible token (NFT) initiatives. The $6 million fund, funded by venture capital firm a16z and NFT marketplace OpenSea, is in reaction to increased regulatory scrutiny, including a Wells notice issued to OpenSea by the US Securities and Exchange Commission. The fund’s goal is to defend the crypto community and urge creators to resist “misguided

OpenSea CEO Devin Finzer challenges the SEC’s crackdown on NFTs

August 29, 2024 1 min read

OpenSea, the prominent NFT marketplace, has received a Wells notice from the SEC, suggesting that the agency suspects OpenSea of violating federal securities laws by facilitating the sale of NFTs that may qualify as securities. This action has raised worries regarding the possibility of implementing more extensive controls inside the NFT business. Devin Finzer, the co-founder and CEO of OpenSea, openly responded to the SEC’s warning, expressing his surprise and

A judge allows a class-action lawsuit against DraftKings over its NFTs to proceed

July 4, 2024 1 min read

A federal judge in the United States has denied DraftKings’ request to dismiss a class-action complaint brought by purchasers of the company’s Non-Fungible Tokens (NFTs). The lawsuit alleges that DraftKings, together with its CEO, CFO, and president, have engaged in the sale of NFTs that should be classified as unregistered securities, so contravening federal securities laws. Justin Dufoe initiated the legal action in March 2023, contending that DraftKings’ NFTs meet

Digital collectibles on Bitcoin (BTC) reaches a milestone of over $4 billion

June 5, 2024 1 min read

Digital collectibles on Bitcoin reached a milestone despite a 54% drop in non-fungible token (NFT) sales in May. On June 4, NFT data tracker CryptoSlam reported an all-time high of over $4 billion in Bitcoin blockchain NFT sales. It comprised $3.97 billion in NFTs and $82 million in wash sales. The greatest 30-day sales volume of blockchain-based NFTs was $171 million for Bitcoin. Ethereum was next with $159 million, then

OpenSea CEO remains optimistic about the future of NFTs, emphasizing growth

May 30, 2024 1 min read

Despite market volatility, OpenSea CEO Devin Finzer remains optimistic about NFTs. Finzer told BeInCrypto that digital assets are growing, trends are evolving, and new collaborations are underway. Due to rising gaming and physically supported NFT demand, Finzer said NFTs are not declining. OpenSea has worked with Courtyard on Pokémon card initiatives and Parallel and Revolving Games. “We see emerging use cases popping up on OpenSea all the time,” he added.

Adidas remains committed to the metaverse, launching NFTs as others exit

April 22, 2024 1 min read

Amidst the waning enthusiasm for NFTs and the metaverse, many firms have chosen to withdraw, with prominent individuals either leaving or redirecting their attention elsewhere. However, Adidas has chosen to stay. The compay has collaborated with the STEPN program, which allows users to earn rewards by being physically active, to introduce 1,000 non-fungible tokens (NFTs) that symbolize Adidas footwear on the Solana blockchain. The digital assets necessary for STEPN’s activities

These two NFT artists were ordered to pay $9 million in disgorgement against Yuga Labs

February 4, 2024 1 min read

Ryder Ripps and Jeremy Cahen, NFT artists, received a negative ruling in their lawsuit against Yuga Labs, the developer of the well-known Bored Ape Yacht Club. The verdict not only dismissed their counterclaims but also imposed a $9 million penalty, complicating their legal situation. The legal battle began in April 2023, when Yuga Labs sued Ripps and Cahen, alleging copyright infringement due to unauthorized copies of BAYC NFTs. The dispute

Donald Trump’s NFTs Surge Amidst NFT Market Dip in January

January 31, 2024 1 min read

In the third week of January, the NFT market experienced a dip, with trading volumes falling to $223 million, a 23% decrease from the previous week. Despite the overall downturn, the number of NFT enthusiasts continues to grow, with over 730,000 collectors actively participating, representing a 35% increase in interest. Despite the difficulties encountered by various NFT collections, there is one exception: Donald Trump’s NFTs. The former president’s NFTs are