NFT News - Optimisus

ony's Patent Reveals Plans for NFT Transfers Between Games

2 days ago 1 min read

Sony Explores Cross-Platform NFT Transfers with New Patent

Sony Interactive Entertainment, the powerhouse behind the PlayStation brand, has filed a patent for a new framework that could revolutionize the way nonfungible tokens (NFTs) are used in gaming. With a history of interest in the crypto industry, the company’s latest move highlights the potential for integrating NFTs into gameplay across multiple platforms. The patent, titled “NFT framework for transferring and using digital assets between game platforms,” outlines Sony’s plan to enable users to transfer and utilize NFTs in different games. This would allow NFTs to represent skins and other in-game functionalities, enhancing the gaming experience for players. The abstract

PLBY Group the parent company of Playboy has announced a $4.9 million impairment loss

1 week ago 1 min read

Playboy’s Crypto Catastrophe: $4.9M Loss on Ethereum NFTs

PLBY Group, the parent company of Playboy, has announced a $4.9 million impairment loss on the Ethereum it held last year. The loss was incurred due to the significant decline in market prices during the crypto winter, according to the company’s annual filing. Playboy accepted Ethereum as payment for its “Rabbitars” non-fungible tokens (NFTs), which were launched in 2021. These NFTs are held in the company’s balance sheet as digital assets, with a value of $327,000 as of last year. However, a previous filing showed that the company’s digital assets were worth $1.75 million as of September 30, 2021. The

Salesforce has partnered with Polygon blockchain to add NFTs

1 week ago 1 min read

Polygon and Salesforce Collaborate to Launch Innovative NFT Management Platform

Salesforce, the leading CRM software company, has partnered with Polygon blockchain to add NFTs to their suite of tools. This move marks another significant win for Polygon, which has already established partnerships with Starbucks, Reddit, and other big names. According to independent researcher Mike Sonders, Salesforce is the biggest SaaS company on a U.S. stock exchange. The partnership with Polygon will help Salesforce clients create token-based loyalty programs. The move follows a successful pilot program that involved Mattel and Crown Royal. While many top SaaS companies are exploring the NFT sandbox, there is likely more than meets the eye in

Meta to Scale Back NFT Efforts on Facebook and Instagram, Redirect Resources Elsewhere

2 weeks ago 1 min read

Meta to Abandon NFTs on Facebook and Instagram, Prioritize Different Services

Meta Platforms, the parent company of Facebook and Instagram, announced that it will wind down its non-fungible token (NFT) operations on both social media services. This move is part of the company’s plan to pull back from Web 3.0 technologies and focus on other ways to expand support for creators and businesses. According to Stephane Kasriel, Meta’s head of commerce and financial technologies, the company will shift investments from NFTs to its payment service Meta Pay and other features that enable creators to earn money directly on platforms. Kasriel also stated that the company plans to focus on “areas where

The Federal Financial Supervisory Authority of Germany (BaFin)

3 weeks ago 1 min read

German Regulator BaFin Advocates Customized Strategy for NFTs

The Federal Financial Supervisory Authority of Germany (BaFin) recently published an explanatory note addressing the legal classification of nonfungible tokens (NFTs). The note revealed that BaFin is not prepared to categorize NFTs as securities, and instead suggests that NFTs should be classified on a case-by-case basis. BaFin has stated that, at present, it doesn’t see how NFTs meet the criteria to be classified as securities. However, the regulatory authority has not ruled out the possibility that NFTs could be considered securities in the future. For instance, if 1,000 NFTs carry the same repayment and interest claims, they could be considered

Hoskinson stated that NFTs were “the most vibrant part of Cardano at the moment

3 weeks ago 1 min read

Cardano’s Founder Hails NFTs as the ‘Energetic Heart’ of ADA Ecosystem

Despite recent fluctuations in the cryptocurrency market, Cardano (ADA) founder Charles Hoskinson remains positive about the progress of his ecosystem, particularly in regards to non-fungible tokens (NFTs) issued on Cardano. In a recent podcast, Hoskinson stated that NFTs were “the most vibrant part of Cardano at the moment,” with 8 million assets already issued and more than half of the projects in some way NFT-related. Among the top Cardano projects with high engagement last week were Satellite CNFT, The Piggy Banking Barn, and JPG Store, alongside SingularityNET (AGIX), Eternl, and Minswap Labs. Hoskinson also updated listeners on planned innovations in

Snoop Dogg has been revealed as a co-founder of the Web3-powered live streaming app

3 weeks ago 1 min read

Snoop Dogg is Now a Co-Founder of Web3 Live-Streaming App

Snoop Dogg’s Web3 partnership has been making waves in the creator economy movement, and the latest venture is no exception. The rap star has been revealed as a co-founder of the Web3-powered live streaming app, Shiller, which is set to launch in April. Shiller is a live broadcast platform that combines Web3 technology with real-time live-streaming content. Along with technology entrepreneur Sam Jones, Snoop Dogg plans to revolutionize the way content creators monetize their work. The app will heavily feature blockchain technology, allowing content creators to “token-gate” their streams and promote non-fungible tokens or other products from e-commerce websites. They

4 weeks ago 2 mins read

HyperPlay Launches Alpha Version with Built-In Web3 Wallet for Gamers

HyperPlay, a new Web3-native game launcher with a built-in crypto wallet, has announced its early access launch. The online game launcher was built in collaboration with crypto wallet provider MetaMask and aims to integrate players’ crypto wallets with game libraries such as Epic Games Store, GOG, and its own HyperPlay Store. Founded by former MetaMask operations lead JacobC.eth, HyperPlay does not charge developers any commissions and instead plans to rely on crypto services such as swaps and bridges to monetize the platform. With the newly launched alpha version of the platform, users can create new MetaMask wallets within its interface

Binance has launched an artificial intelligence-powered NFT generator

4 weeks ago 1 min read

Binance’s AI NFT Generator Sells Out 10K Mints in 2.5 Hours

Binance has launched an artificial intelligence-powered non-fungible token (NFT) generator that has already made waves in the digital art world. Known as “Bicasso,” the AI-powered image-generation tool reached its cap of 10,000 NFT mints in just 2.5 hours after launching in beta on March 1st. Bicasso allows users to upload an image or type in creative prompts to generate a bespoke image created with AI. Similar to other AI-art platforms like DALL-E, Bicasso offers a unique way for creators to turn their visions into NFTs with ease. Binance CEO Changpeng Zhao expressed his excitement about the launch, tweeting “The AI

a new Bitcoin Ordinals collection called TwelveFold

4 weeks ago 1 min read

Yuga Labs Launches TwelveFold: A New NFT Collection for Bitcoin Enthusiasts

Yuga Labs is once again shaking up the world of NFTs, this time by introducing a new Bitcoin Ordinals collection called TwelveFold on February 28. With a limited edition of only 300 generative pieces, each piece will be inscribed on satoshis, the smallest unit of Bitcoin. The new collection is set to be released via auction, with the bidding token being Bitcoin. Interested buyers will be notified 24 hours in advance and will need to provide an empty BTC address to participate in the auction. This move by Yuga Labs represents the growing trend of NFTs moving onto the Bitcoin

1 month ago 2 mins read

NBA and Ant Group team up to bring NFTs to China

The National Basketball Association (NBA) is teaming up with Ant Group, Alibaba’s fintech affiliate, to bring NBA-themed non-fungible tokens (NFTs) and content to the virtual space in China. NBA China, the league’s Chinese business arm, made the announcement on Tuesday, revealing the partnership’s goal to enhance fan engagement in China. The partnership will see the NBA launch a mini-app on Alipay, Ant Group’s flagship mobile app and China’s largest third-party payment platform, where fans can watch NBA video content and access services such as a joint membership of the NBA and Alipay. This move is expected to bridge the gap

Dapper Labs, the company behind the popular non-fungible token (NFT) collection, NBA Top Shot, has been denied its request to dismiss a lawsuit alleging that the collection is an unregistered security.

1 month ago 1 min read

Court rejects Dapper Labs’ motion to dismiss NBA Top Shot securities case

Dapper Labs, the company behind the popular non-fungible token (NFT) collection, NBA Top Shot, has been denied its request to dismiss a lawsuit alleging that the collection is an unregistered security. District Judge Victor Marrero ruled that the NBA Top Shot collection appears to meet the requirements of a security under the Howie Test. The collection allows users to collect video highlights from the National Basketball Association in the form of NFTs called “Moments”. The lawsuit was filed in May 2021 by a plaintiff who claimed that the Top Shots collection violated securities law by not registering them with the