Browsing:NFT

Rihanna's popular hit single has been offered as a non-fungible token (NFT)
1 year ago 1 min read

Rihanna’s Hit Song Now Available as NFT with Royalty Sharing Before Super Bowl

Rihanna’s popular hit single “B**** Better Have My Money” has been offered as a non-fungible token (NFT) by Web3 music startup anotherblock. This innovative platform works with rights holders, including artists, producers, and writers, to divest a portion of their streaming royalty rights, which are then offered as fractionalized NFTs. Music producer Deputy, who was involved in the production of the hit single, is granting a portion of his streaming royalties to collectors through anotherblock. The song has received almost 1 billion streams across different music sharing platforms and has gone triple platinum in the US. On Thursday, 300 royalty-linked

bitsCrunch launched startup program
1 year ago 3 mins read

bitsCrunch Launches Startup Program for Devs, Startups – Including NFT Analytics APIs

Munich, Germany, 9th February, 2023 bitsCrunch is thrilled to announce the launch of its upcoming startup program as part of its commitment to bring more awareness and transparency of data to the NFT ecosystem. The latest initiative by the startup will include a comprehensive agenda to ramp up investment of its resources and innovation in the burgeoning industry. With this, bitsCrunch seeks to make NFT data more accessible to developers and startups building projects that add value to the market. At the same time, it will allow the community to drive adoption and innovation in the future. The startup program will

Robert Acres has accused OpenSea
1 year ago 1 min read

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

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 him significant losses on the remaining 58 NFTs in his account. Furthermore, he estimates his losses to be as much as $500,000 and is suing OpenSea to make good those

The verdict in the Hermès vs. Rothschild NFT trial has been reached
1 year ago 1 min read

Hermès Secures Victory in Trademark Dispute Against MetaBirkins NFTs

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 property (IP) law as it relates to digital creations. Rothschild’s NFT collection, MetaBirkins, was at the center of the lawsuit. The jury decided that the NFTs were not protected under

The Bored Ape Yacht Club NFT collection has frozeng the leaderboard for its latest addition to the brand
1 year ago 1 min read

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

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 the leaderboard was locked. While the process for awarding the gamers is still shrouded in mystery, Bored Apes’ creator, Yuga Labs, has hinted that the top scorer will receive a

Beijing Football Club Goes Digital with Launch of NFTs and Virtual Stadium
1 year ago 1 min read

Beijing Football Club Unveils NFTs Ahead of Virtual Stadium Debut

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. The club also plans to mint more NFTs in the future, dubbed “digital collectibles” by the club, as a way to engage with fans and enhance their experience. The NFTs

WeTransfer Embraces NFTs with Partnership Deal with Minima
1 year ago 1 min read

WeTransfer Joins Forces with Minima to Launch NFT Platform

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 assets. Additionally, they will have access to tools that will allow them to monetize their NFTs. Minima, founded in 2018 in the crypto hub of Zug, Switzerland, uses a proof-of-work

Yuga Labs has won a trademark infringement lawsuit
1 year ago 1 min read

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

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 15%. The terms of the settlement include Lehman acknowledging Yuga Labs’ ownership of the BAYC trademark and not using the trademark, destroying any materials with the mark and burning any

The FBI has taken decisive action against NFT phishing scammer Chase Senecal
1 year ago 2 mins read

FBI Recovers $260K in Digital Assets with the Assistance of ZachXBT

The U.S. Federal Bureau of Investigations (FBI) has taken decisive action against NFT phishing scammer Chase Senecal, aka Horror (HZ), according to a forfeiture document dated February 4, 2023. The FBI seized cryptocurrency assets and luxury goods worth a total of $260,000 from Senecal, who was known for his involvement in numerous attacks on several NFT projects, including Nouns DAO and JRNY Club. The seized crypto assets consisted of two NFTs, Bored Ape 9658 and Doodle 3114, which were valued at $104,856 and $116,433 respectively. The FBI also took possession of an Audemars Piguet Royal Oak Watch valued at $41,000.

OpenSea
1 year ago 1 min read

OpenSea Introduces Advanced Tools for NFT Creator Drops

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 to select creators in the coming weeks before eventually opening to the public. OpenSea aims to expand the product so that anyone can easily drop collections across any blockchain with

First NFT ETF Ceases Operations as Market for Non-Fungible Tokens Dips
1 year ago 1 min read

NFT ETF Shuts Down as Demand for Metaverse Assets Wanes

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 major cryptocurrencies like Bitcoin and Ethereum lose 70% of their value. NFT sales fell 83% YoY in 2022, and NFT transaction volume across all markets plummeted 83%. Despite the NFT

The Rally Digital social platform has shut down its Ethereum NFT
1 year ago 1 min read

Rally Digital Creator Platform Ends NFT Sidechain Support

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 it difficult for users to access their NFTs and the NFTs cannot be transferred to the mainnet. The closure of the website and the decision to shut down the sidechain

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