NFT News

BAYC Creator Yuga Labs Wins Copyright Case

April 23, 2023 1 min read

Yuga Labs, the creators of the famous Bored Ape Yacht Club (BAYC) NFT collection, have won a landmark legal victory in their trademark infringement case against Ryder Ripps and Jeremy Cahen. The US District Court in California found that Yuga Labs is entitled to an injunction and damages, as well as being the rightful owner of the BAYC trademarks, which are legitimate and enforceable. The court declared that the use

ApeCoin Donates $1M to Help Accelerate Ethereum’s Progress

April 20, 2023 1 min read

The ApeCoin community has made a significant contribution to the development of Ethereum by donating $1 million to fund public goods and further development work. The proposal, AIP-230, titled “I don’t hate apes, I just want them to fund public goods!” was passed by the community after a vote. The donation aims to give back to the Ethereum community, promote development work around account abstraction, and introduce developers to ApeCoin.

New Trump NFTs Set to Launch Soon

April 19, 2023 1 min read

Former US President Donald Trump has announced the launch of the Series 2 of his Non-Fungible Token (NFT) collection on the Polygon network. According to Trump’s post on his social media platform, Truth Social, the new collection consists of 47,000 tokens, which is 2,000 more than his first collection. The price of $99 per token remains unchanged. Despite rising market demand, Trump chose not to increase the selling price of

Binance and Brazilian Football Confederation (CBF) Launch NFT for Fans to Connect with Clubs and Learn About Crypto

April 15, 2023 1 min read

Binance, the world’s leading cryptocurrency exchange platform, has teamed up with the Brazilian Football Confederation (CBF) to launch the first-ever NFT of Brasileirão Assaí. The partnership aims to offer Brazilian football fans a chance to connect with their favorite clubs while learning about crypto and blockchain technology. Through the NFT Season Pass initiative, fans can claim a free serial code by registering at the Brasileirão Assaí website starting Friday, 14

Sotheby’s Revives Digital Art Sale After Facing Criticism Over Representation

April 15, 2023 1 min read

Sotheby’s has announced the relaunch of its “Glitch: Beyond Binary” art sale, featuring 34 lots of non-fungible tokens (NFT) from artists in the “glitch art” movement. The sale comes as a reboot of last month’s “Glitch-ism” auction, which faced criticism for its lack of female artist representation. Bidding for “Glitch: Beyond Binary” will open on April 19 and will feature artists from diverse backgrounds and identities, including those of different

Mastercard releases free music pass NFTs with exclusive benefits for holders

April 14, 2023 1 min read

Mastercard, a payments processing firm, has introduced a Music Pass NFT drop, which is available for free until the end of April. The digital collectible is part of the Mastercard Artist Accelerator program, which was launched in January. The Music Pass NFT provides collectors with numerous benefits, such as an AI-powered music generator app, educational resources, and access to a live concert in June featuring artists in the company’s accelerator

Adidas doubles down on NFTs despite the market downturn

April 10, 2023 1 min read

Adidas has introduced the last stage of its “Into The Metaverse” project, which brings forth its “ALTS” NFTs. While some companies have distanced themselves from NFTs since the peak of the crypto market in 2021, Adidas continues to delve into this trend. Chapter 1 of this launch was released in April 2023, and the following months will bring more functionality and enhanced holder benefits. With the ALTS NFT, users can

Donald Trump NFTs See Surge in Sales After Arrest

April 5, 2023 1 min read

The arrest of former US President Donald Trump has had an unexpected impact on the world of digital art, with his NFT collection seeing a surge in interest. In the 12 hours following his appearance in court, over 60 digital trading cards featuring the controversial billionaire were sold on the popular NFT marketplace OpenSea. According to reports, the most expensive purchase was a card featuring Trump holding a rifle and

Sony Explores Cross-Platform NFT Transfers with New Patent

March 25, 2023 1 min read

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

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

March 17, 2023 1 min read

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

Polygon and Salesforce Collaborate to Launch Innovative NFT Management Platform

March 17, 2023 1 min read

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

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

March 15, 2023 1 min read

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