Author: Jeremy Ryan

The renowned Bored Ape Yacht Club (BAYC) has successfully secured a legal victory against Ryder Ripps and Jeremy Cahen, the creators of the controversial RR/BAYC NFT collection. This pivotal ruling emphasizes the significance of intellectual property rights in the rapidly growing NFT marketplace.Yuga Labs Defends Its BAYC NFT Collection in CourtIn June 2022, Yuga Labs initiated legal action against Ripps and Cahen, alleging that they intentionally created confusion among consumers and accrued millions of dollars in illegitimate profits. According to the lawsuit, the RR/BAYC NFT collection utilized marketing materials and BAYC marks strikingly similar to those of the original BAYC,…

NFT A one-of-a-kind nonfungible token that possesses significant cultural or historical value is highly coveted and considered a rare item by collectors. However, the importance of rarity goes beyond just the cultural significance of an NFT. NFT rarity is important because it directly affects the market worth and appeal of the NFT. The rarity of a nonfungible token can significantly influence its resale value and make it more attractive to collectors. Therefore, NFT collectors frequently seek out unusual and distinctive tokens to add to their collections, increasing the demand for rare NFTs. While rarity is a significant factor in determining…

NFT Neo, a blockchain in China building what they describe as a Smart Economy and once a stiff competitor of Ethereum, has unveiled OneBand, a phygital NFT device. Neo unveils OneBand In a Medium post on April 22, Neo said OneBand is a physical ring cryptographically tied to a non-fungible token (NFT). The physical ring and the NFT, Neo clarifies, are intrinsically linked since the ring is embedded with a near-field communication (NFC) chip and a censored BIP32 master key. The BIP32 master key standard has been adopted broadly. It would allow NFT and OneBand holders to quickly authenticate their…

NFT As most major blockchain platforms experience significant drops in NFT sales volume, Cardano has emerged as a beacon of growth, according to data from Crypto Slam. The fifth-largest platform in terms of sales, Cardano reported a sales volume of $265,335, marking a 22.05% increase. This contrasts sharply with Ethereum’s 20.04% decline to $18 million, Solana’s 56.89% drop to $4 million, and Polygon’s 52.93% decrease to $428,626. Cardano’s NFT ecosystem has also experienced growth in other key metrics. The number of transactions rose by 10.65% to 3,419, while the number of buyers increased by 8.44% to 1,349. In comparison, Ethereum,…

NFT In the midst of a turbulent week for the crypto market, non-fungible token (NFT) sales have shown resilience, experiencing a surge of 7.74% in weekly sales, totaling $181.82 million. Data also reveals that there has been an increase of 41% in NFT buyers over the course of the week, surpassing the number of buyers recorded in the previous week. Despite Crypto Market Drop, NFT Sales Increase by Nearly 8% Of the total sales this week, the Ethereum (ETH) blockchain contributed a significant portion, amounting to $124.7 million, while $22.66 million came from the Solana (SOL) blockchain. While ETH-based NFT…

Blockchain For a while now, European institutions have been showing signs of significant participation in the blockchain industry, demonstrating its range and impact on traditional finance. Banks and other major players have clearly paid attention to increased institutional demand for digital assets and built products accordingly. Blockchain’s potential to revolutionize the way the world does business is being recognized. European institutions are focusing on custody to digital finance strategy and tokenization — often outstripping the US for development and adoption. Below is a look at some initiatives by European financial institutions that demonstrate the blockchain space is maturing: Societe Generale…

Blockchain infrastructure specialist Crossmint, has teamed up with artèQ to launch a Tintin NFT collection. The partnership also includes Tintinimaginatio, a newly established company meant to protect and promote the Tintin legacy.Dubbed “The Blue Lotus,” this collection is an illustration of the original work created by Hergé in 1936, which was sold for $2.8 million through an auction two years ago. The collection features two different sets of NFTs. The first is a limited-edition print work of which only 777 copies exist, and the other is a set of limited-edition digital-only artworks of which only 1,777 pieces are on offer.According…

With Iskra dominating the weekly charts in terms of active gamers, it’s time that we took a look at this web3 platform and find out what it’s all about! Iskra is a gaming platform. with built-in tools to help web3 developers connect with gamers. This includes wallet services, a marketplace, and even a DEC (decentralized exchange). This is a similar approach that we see from a growing number of companies including Immutable X, Vulcan Verse, and Mobox, just to name a few. The Iskra portfolio includes six games in total, but only one currently available – Three Kingdoms Multiverse. Three…

Blockchain BNB Chain validators decided to reduce gas fees by 40%, citing rising competition from low-cost Ethereum layer-2 networks. We’re confident this change will continue to unlock the power of BNB Chain for all ⚡️ https://t.co/oi6Acpp7gu — BNB Chain (@BNBCHAIN) April 22, 2023 Gas costs would be decreased from 5 gwei to 3 gwei, according to the plan. According to BscScan, the current cost of 3 gwei is about $0.02. On March 29, the BNB Chain community released a new proposal to cut the cost of transaction fees on BSC in order to increase competitiveness, claiming that this would make…

Gadget-Bot Productions has unveiled an all-new Web3 gaming title featuring the decade long passion project, Kaidro. Production of this new RPG will showcase the talents of Peggy Chung and Robert Simons, industry veterans who have worked on Apex Legends, Call of Duty, Jurassic World and Ender’s Game. The game is set in a post-apocalyptic world where players battle it out with the use of mechs and magic, and will combine player-versus-player, player-versus-environment, and broader questing mechanics. Three teams of three players must achieve various objectives on maps while battling against a wide range of fearsome foes.Kaidro will initially be available on…