NFT News

OpenSea in Hot Water as User Files Lawsuit for $500,000

February 9, 2023 1 min read

A prominent NFT creator and collector, Robert Acres, has accused OpenSea, the leading NFT marketplace, of negligence and extortion. Acres was the victim of an NFT phishing attack that resulted in the theft of two NFTs, which were then sold on OpenSea. Acres alleges that instead of promptly helping him retrieve his property and prevent resale by the thieves, OpenSea locked him out of his account for three months, causing

Hermès Secures Victory in Trademark Dispute Against MetaBirkins NFTs

February 9, 2023 1 min read

The verdict in the Hermès vs. Rothschild NFT trial has been reached, and the French luxury brand has come out on top. A nine-person jury ruled in favor of Hermès, awarding $133,000 in damages and determining that Rothschild had indeed profited from the brand’s goodwill by producing NFTs based on its Birkin bags. This case sets a powerful precedent for NFT creators and will have a lasting impact on intellectual

Dookey Dash Leaderboard Freezes as BAYC Dominates with $73 Million Trading Volume

February 9, 2023 1 min read

The Bored Ape Yacht Club, a well-known blue-chip NFT collection, has made headlines again by freezing the leaderboard for its latest addition to the brand: the video game “Dookey Dash.” The game was inspired by the popular Bored Apes NFTs and allowed players who possessed the “Sewer Pass” NFT to play and compete for the highest score. According to CryptoSlam, sales volumes for the NFTs reached nearly $73 million before

Beijing Football Club Unveils NFTs Ahead of Virtual Stadium Debut

February 8, 2023 1 min read

Beijing Guoan Football Club, a professional football team in the Chinese Super League, has taken a major step into the world of non-fungible tokens (NFTs) with the launch of GLEO. This collection of NFTs can be used as avatars in the club’s virtual stadium, set to launch next year. To celebrate the launch, the football club held a 10-day lottery over the weekend, distributing 10,000 free NFTs to the winners.

WeTransfer Joins Forces with Minima to Launch NFT Platform

February 7, 2023 1 min read

WeTransfer, a leading global file transfer company, has announced a partnership with Swiss blockchain firm Minima, to launch NFTs (non-fungible tokens) on Minima’s network. The network is set to go live in 180 countries in March, offering creators the right to manage their digital property. This partnership will provide consumers with the ability to generate NFTs from their smartphones or any other device, and control how they share their digital

Yuga Labs Claims Win in Legal Battle Over Bored Ape Trademark with RR/BAYC

February 7, 2023 1 min read

Yuga Labs, the company behind the popular NFT project Bored Ape Yacht Club (BAYC), has won a trademark infringement lawsuit against Thomas Lehman, who collaborated on the RR/BAYC project. The case was brought by Yuga Labs in the District Court of New York, alleging that Lehman helped create the smart contract for the RR/BAYC collection, which was similar to BAYC and earned $1.6 million in sales, of which Lehman received

OpenSea Introduces Advanced Tools for NFT Creator Drops

February 3, 2023 1 min read

OpenSea, a non-fungible token (NFT) marketplace, has launched a new suite of tools for creators launching NFT collections on its platform. The first version of Drops offered a unique experience to select partners, but the next phase of the roll-out will give creators the tools to manage their own minting process, including deploying smart contracts, configuring drop mechanics, and personalizing landing pages. The new toolkit will gradually be made available

NFT ETF Shuts Down as Demand for Metaverse Assets Wanes

February 1, 2023 1 min read

The Defiance Digital Revolution ETF, the first ETF focused on NFTs and metaverse assets, will close by the end of February. The fund’s portfolio assets will start liquidating on February 16 and will not accept new orders after that day. Launched in December 2021, the ETF is down 72% since its debut, due to the cooling hype over NFTs and metaverse assets and the broader market downturn that has seen

Rally Digital Creator Platform Ends NFT Sidechain Support

February 1, 2023 1 min read

The Rally social platform has shut down its Ethereum NFT sidechain due to tough market conditions. The sidechain, which allowed users to create social tokens, was built in 2018 but was “expensive to maintain” according to the CEO. In an email sent to users, Rally explained that the challenges and macro headwinds in the crypto industry were too overwhelming to overcome. The shutdown caused a disruption in withdrawal services, making

Coinbase Wallet Introduces New Safety Measures in Wake of NFT Scams

January 31, 2023 1 min read

Coinbase, one of the leading crypto firms, has announced new safety and user experience features to its Wallet app in order to combat the growing number of phishing scams, malicious airdrops, and other scams targeting crypto users. The new features, including transaction previews, token approval alerts, a blocklist of flagged dApps, and improved revoke features, will help Wallet users better understand how engaging with a smart contract will affect their

Fortnite Star Mongraal Scores Big on Bored Ape’s Dookey Dash NFT Game

January 31, 2023 1 min read

Professional Fortnite player Mongraal set a new high score on Bored Ape Yacht Club’s game Dookey Dash and posted a screenshot on Twitter. The high score may attract the attention of Mongraal’s 2 million Twitter followers and 4.6 million YouTube subscribers to NFTs and crypto gaming. The move may direct attention to Yuga Labs, the creator of Bored Ape Yacht Club, and the crypto gaming industry. Blockchain-based gaming has been

The Evolving Art of EthBoy NFT Paintings: Edition 4 Unveiled!

January 31, 2023 1 min read

Artist Trevor Jones is releasing the fourth edition of the generative artwork “EthBoy” in celebration of Ethereum co-founder Vitalik Buterin’s birthday. The latest edition, titled “TRANSCEND,” was created in collaboration with Grammy-winning DJ Sasha and will be displayed in London. The NFT, which is part of the “ETHEREAL” collection, changes over time in response to Ethereum’s price and network gas fees. Jones partnered with artists Alotta Money and DJ Don