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Blockchain 105-year-old German bank DekaBank is planning to launch a blockchain-based tokenization platform in collaboration with the digital asset firm Metaco. DekaBank targets the release of its blockchain platform sometime in 2024, while the infrastructure is expected to be ready in 2023, DekaBank’s digital asset custody executive Andreas Sack told Cointelegraph. “The tokenization platform infrastructure will be ready in the foreseeable future, and that will launch the first minimum viable product in our crypto custody solution,” Sack stated. He added that the first test transactions of the tokenization platform are likely to take place this year. DekaBank’s upcoming blockchain platform…

As the market turned from bullish to bearish, many critics were quick to question the legitimacy of new digital collectible releases. Fortunately, the market turn wasn’t an end to the asset class as a whole, but rather to the projects that weren’t rooted in real utility. Although the utility itself varies from rallying people in support of a social cause to building a community for like-minded individuals to interact, the conclusion is clear — the real value of digital collectibles is what it represents to their collectors.Therefore, many collections are putting the community front and center, building intentionally so that…

NFT “Byte-perfect uploads” of the 10,000 CryptoPunk non-fungible tokens (NFTs) are on the Bitcoin network now. The question, which collection is next? Since late Jan., Inscriptions on the Bitcoin network, powered by Ordinal technology, have been the center of attention. Casey Rodarmor, the Bitcoin developer, introduced the Ordinals protocol. It works by inscribing Satoshis with the content for digital artifacts. The Ordinals’ minting has skyrocketed since the introduction of Bitcoin Punks. According to the official website, they are the “byte-perfect uploads of the original Ethereum CryptoPunks onto the Bitcoin Blockchain.” Ordinals Mint at an All-Time-High Bitcoin enthusiasts minted 10,000 Punks…

The Web City Club NFT collection runs on the Polygon network and features an NFT lottery. The game revolves around 10,000 PFP (Profile Picture) NFTs. These cartoon-style 2D pieces of digital Pet 3piders represent spiders in Web3 and are associated with future perks for their owners. They are ERC-721 tokens that are registered on the Polygon blockchain. How to play Web City Club (WCC)Users must own at least one of the PFP NFTs to participate in the games offered by the partner of the Web City Club, Betspider. Pet 3spider NFTs grant their owners the right to enter the lotteries. Another way to participate…

Mason Rothschild is continuing to fight for his MetaBirkins NFTs, despite losing his court battle against Hermès. Mason Rothschild is not giving up the fight. On February 8th 2023, Rothschild, and his MetaBirkins NFTs, were beaten by luxury brand Hermès in court. Moreover, the jury ruled that his digital art was liable for trademark infringement, trademark dilution, and “cybersquatting”. Nevertheless, Rothschild, who will have to pay $133,000 in damages to Hermès, is holding firm in his beliefs. The digital artist took to Twitter to express his disappointment with the decision.  He said: “A broken justice system that doesn’t allow an art…

Lawyers representing bankrupt crypto broker Voyager Digital have served former FTX CEO Sam Bankman-Fried and other FTX and Alameda Research executives with subpoenas requesting information.The subpoenas have a very wide scope, with Voyager’s lawyers seeking copies of any documents and communication between FTX entities and the Securities and Exchange Commission or the Department of Justice, according to the Feb. 6 filing.Amongst a plethora of other requested documents, the lawyers also want to see information relating to the loan portfolio between Alameda and Voyager as well as FTX’s financial condition before and after it filed for bankruptcy on Nov. 11.The other…

NFT It comes nearly one month after the collection sold out. Luxury accessories and luggage brand The Bugatti group has launched a portal for holders of its special SHIBOSHI NFT collection to claim their physical items. The luxury brand announced this in a tweet today, asserting that holders of the NFTs can claim the attached physical items from their holder’s dashboards. ????ALPHA ????The @Shibtoken claim portal is now live for holders! ➡️Claim your physicals using your holder dashboard here https://t.co/C5jiasrSKc ????Lets get those limited edition bags in the holders hand! ✈️Join the Bugatti Group Genesis collection here https://t.co/QFavMYvLOA pic.twitter.com/CZusfBlkdB —…

NFT PROOF Collective noted that Ordinal Punks NFTs have been rising in price. The tweet mentioned the recent sale of #27, which sold for 1.93 BTC ($43,800). It also stated another sale occurred soon after, for the sum of 2.06 BTC ($46,800) but did not disclose which punk the sale related to. A Reddit poster said, “Ordinal Punk with the inscription number 620 was apparently sold for 9.5 Bitcoins ($215,800)” during the early hours of Feb. 9. The punk in question is #94. Some commenters explained the high sale price as money laundering or wash trading to create a manipulated…

Blockchain Ethereum is entering its fourth consecutive week of deflationary issuance as activity on the network grows. A deflationary issuance rate for cryptocurrencies means that the number of tokens being burnt is greater than the number of tokens being minted. This implies that the token is limited in supply compared to demand, giving the currency greater purchasing power. Growing activity in decentralized platforms could indicate more people turning to DeFi after the collapse of its centralized competitors last year, Michael Bentley, CEO and co-founder of DeFi lending protocol Euler, told Blockworks. “Following protocol upgrades last year, Ethereum has an in-built…

The names of two guarantors who signed off on part of Sam Bankman-Fried’s $250 million bail bond will continue to remain a secret for now.A judge has also rejected an agreement that would have permitted Bankman-Fried to use certain messaging apps.Bankman Fried’s lawyers filed an appeal to block the release of the guarantors’ names last-minute on Feb. 7. The appeal did not contain further arguments against the disclosure but it will prevent the order from being enforced until Feb. 14 to allow for an application for a further stay. The appeal was expected after a Jan. 30 ruling in which…