NFTs

U.K. Finance Minister Rishi Sunak has asked the Royal Mint to create and issue the NFT “by the summer.” City Minister John Glen announced a number of steps the U.K. will take to bring digital assets under more regulatory scrutiny. Glen says the government wants Britain to “lead the way” in crypto. Continue Reading →

Looking for a Bored Ape but don't have any crypto? No problem… fiat currency is gladly accepted. OpenSea, one of the biggest and most popular NFT marketplaces, will soon let you buy and sell your NFTs with credit cards, debit cards, or Apple Pay. MoonPay, a fintech infrastructure company, will provide the tech. Continue Reading →

I just read Nike Inc. v. StockX LLC, a 50-page complaint filed by Nike demanding that StockX (a used shoe seller) destroy all the Nike-branded NFTs it minted. Someone should tell Nike’s lawyers that an NFT is not an image, video, or audio file, but simply an immutable digital receipt of a transaction that references the location of the associated asset(s). Destroying the receipt has no impact on the intellectual property in question any more than throwing out a receipt from the grocery store has an impact on the items you purchased. Continue Reading →

U.S. government prosecutors have charged two men with fraud and money laundering over a cryptocurrency “rug pull” scheme. Continue Reading →

According to the WSJ, the Financial Accounting Standards Board (FASB) doesn’t have plans to review accounting or disclosure for NFTs. Instead, it will conduct research on how to account for and disclose digital assets that don’t carry ownership rights, such as cryptocurrencies. Continue Reading →

Solana-based NFT marketplace Neon soft-launched the first NFT vending machine (located at 29 John St in Manhattan) back in December. Now, the vending machine is open 24 hours a day and allows collectors to buy Solana NFTs with a credit card. Continue Reading →

Are you ready to learn about Web3? Shelly Palmer talks with Dan Bowens on Fox 5's Good Day New York about Metacademy.xyz, the new training academy built by The Palmer Group, Blockchain Foundry, and CATBOTICA. Continue Reading →

This past Saturday, hackers socially engineered approximately 32 OpenSea users into signing incomplete contracts and stole 254 NFTs. Although it was a phishing attack, it caused a bit of a panic.  Continue Reading →

YouTube is looking at NFT integrations to provide new methods for creators to engage with fans and develop additional revenue streams. Not everyone thinks this is an awesome idea. Continue Reading →

YouTube NFTs may be in the works. YouTube CEO Susan Wojcicki suggested the company is looking to branch into NFTs in the future as another source of revenue for creators: “We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube.” Continue Reading →