Author: admin

NFT Securities laws issues have often driven crypto policy, but when it comes to non-fungible tokens, we need to prioritize intellectual property interests. Treating all NFTs as financial assets will compromise the U.S.’ position as the gold standard of intellectual property (IP) protection and enforcement. The immediate danger of this one-size-fits-all approach is that it will damage the commercial prospects of this emerging technology. NFTs are a medium for not only evolving the way we create, use and monetize IP, but also how artists and brands engage with their audiences. It is critical that policy efforts encourage and protect U.S.…

Lawyers representing FTX in bankruptcy court have reportedly argued that former CEO Sam Bankman-Fried’s immediate family should face questioning regarding their personal wealth.According to a Jan. 26 report from Bloomberg, FTX’s lawyers requested Judge John Dorsey in the District of Delaware allow them to question Joseph Bankman, Barbara Fried and Gabriel Bankman-Fried — the father, mother and brother of SBF, respectively — under oath about any financial benefits they may have received from the exchange. Other FTX executives could reportedly be subject to the same line of questioning in an effort to track down assets tied to the bankrupt crypto…

Entrepreneurs are betting on the future of the metaverse and cannabis industries.In the last decade, developments in government legislation have led to the legalization or decriminalization of cannabis in a number of countries, municipalities and U.S. states, allowing users to fully appreciate the sacred plant in both recreational and medicinal settings. While cannabis remains classified as a Schedule 1 drug by the United States federal government, decades of protests, scientific research and political lobbying have significantly reduced its stigma and opened the cannabis market for commercialization efforts.Technologically, the rise of the metaverse has reinvigorated the impact of having a virtual…

NFT Non-fungible tokens (NFT) have the potential to be about more than just collectibles, Mohammad Shaikh, co-founder of layer 1 blockchain Aptos Labs, told CoinDesk TV’s “First Mover” on Friday. “The way we think about NFTs is pushing the boundaries of what we’ve seen in previous generation blockchains,” Shaikh said. In the past, “you couldn’t really take them [NFTs] across different protocols [and] platforms,” he said. Earlier this week, Aptos’ token, APT, surged to an all-time high, reaching a peak of $16.46, according to CoinDesk data. The token gained 350% in value since the start of the year. According to…

About two months after the FTX collapse, the Solana network is stronger than ever, according to Austin Federa, head of strategy and communications at the Solana Foundation. Federa defines the recent SOL token price crash as a short-term market reaction to the perceived connection between Solana and the defunct crypto exchange FTX. While FTX founder Sam Bankman-Fried was invested in many Solana-based projects, Federa pointed out he didn’t have any influence on the network’s operations and fundamentals. “The external perception was that there was a very close relationship between the Solana network and FTX, which wasn’t the case,” Federa explained in a…

NFT After Porsche released its debut NFT collection earlier this week, most breath was spent skewering the project’s tone-deaf pricing and miserable sales. Days later, a small mandatory checkbox featured in the project’s minting process has stirred another controversy, one with further-reaching implications for the NFT community. All would-be Porsche NFT owners were required to agree to Terms of Service that would waive a so-called right of withdrawal in order to mint their NFTs this week. While most customers had likely never heard of such a right, it was clearly important enough for the German auto manufacturer to include. Something…

It’s an exciting week for the NFT fashion industry as the Web3 fashion house The Fabricant announced a new collection with Sevdaliza! Their new NFT drop titled XXories (to read “Accessories”) features digital items you can wear via AR. In fact, this is the first time a renowned artist has become the face of a digital-only NFT wearable drop. You can buy an NFT wearable starting February 16th, but before that, let’s get an insight: Sevdaliza and The Fabricant join forces for a new AR-compatible NFT drop, XXories, which aims to celebrate the freedom of expression. The Fabricant x Sevdaliza…

Fans of Continuum World have been waiting quite a while for some sort of demo or alpha preview. At long last, that time has come. On Monday, February 6th, the First Explorers feature will be opened and free to play for everyone! Continuum World launches the first preview of their game on February 6th with the opening of First Explorers. Free to play, and featuring potential prizes for everyone, this event is a chance for Continuum World to show players what they have been building. And, joining on the the Lunar New Year celebrations, the Continuum World marketplace will offer…

NFT Shilly, the Bored Ape Yacht Club recording artist’s non-fungible token (NFT) collection Shilly: The Access Passes sold out on marketplace OpenSea in minutes Friday morning. However, it wasn’t supposed to go that way, leaving many fans empty-handed and angry at the collection and marketplace for its failure to smoothly execute the mint. According to drop details from OpenSea, the collection of “general admission” and “backstage” access passes to co-create music with the artist was set to open its allowlist at 11 a.m. ET. In minutes it sold out, making its public mint at 12 p.m. ET unavailable. “We’re over-allocated…

NFT While still far from the kind of dizzying bull run that characterized 2021, NFTs have been enjoying an optimistic start to the year. There’s no froth, at the moment, and the atmosphere is relaxed, but there’s plenty of development, trades are happening, and some collections have seen their prices buoyant and rising. Underlying all this, there are a couple of prevalent sentiments. First, is that creativity is flowing cleanly, as developers build, artists provide color, and founders seek out more efficient ways of utilizing the tools at hand to produce lasting value. Second, there is a sense that because…