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NFT Celebrating his win, Ryder Ripps, self-proclaimed artist and designer, announces his victory stating that Yuga Labs has “admitted” to all of their counterclaims, based on the court’s recent order. Ripps further shares an electronic filing of the US District Court, Central District of California on Twitter. ????HUGE WIN ANNOUNCEMENT????Yuga Labs has ADMITTED all of our counterclaims as a result of the courts recent orderRanging from emotional distress, theres no copyright to the apes, DMCA violations and that we are not defaming them.Their motion has been STRICKEN!???? pic.twitter.com/hikVKeHJwG — RYDER RIPPS ???? (@ryder_ripps) January 18, 2023 Ripp also elucidated that…

After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securities and Exchange Commission and Commodity Futures Trading Commission filed charges against him for allegedly defrauding investors and violating securities laws.On Dec. 22, Bankman-Fried was granted bail on a $250 million bond paid by his parents against the equity in their house. The bail order added that he would require “strict pretrial supervision,” including mental health treatment and evaluation. The former CEO faces eight criminal counts in the United…

NFT Non-fungible token (NFT) marketplace Blur announced that it is delaying the launch of its native BLUR token to February 14 after pledging a January launch date. “We know this is past our initial estimate of January and we’re sorry for the delay,” the platform tweeted on Thursday. “We’re trying new things and the extra two weeks will allow us to deliver a launch that hasn’t been done before.” The platform, which has positioned itself as the NFT marketplace for “pro traders” since its launch in October, gained traction among seasoned JPEG slingers for its zero trading fees, marketplace “floor…

NFT As marketplaces moved to stop (or potentially stop) enforcing creator royalties on NFT sales late last year, the creators of the Bored Ape Yacht Club made their position clear: they didn’t love it. With yesterday’s Sewer Pass NFT launch, Yuga Labs has taken direct action and blocked secondary trading on certain marketplaces. The Sewer Pass rolled out on Wednesday for owners of Bored Ape or Mutant Ape Yacht Club NFTs, and serves as an access pass to the upcoming Dookey Dash web game. Only Ape NFT owners can mint a free pass, but the Ethereum NFT passes can then…

NFT Web3 used to think it could take on Spotify. Scores of up-and-coming streaming services not so long ago genuinely believed their motley assortment of (often brilliant) degens had what it would take to unseat the legacy streaming giant, as well as its competitors: Apple Music, Tidal & Co. Such bold aspirations ought to be applauded, but they were never fit to last, really. Now, scratch a record, drop a beat and check today’s top music NFT charts, err projects and startups. Early days of a revolution They’re finding niches and real world use cases, funneling down the big business…

The year 2023 has started on a mixed note for the NFT market. There have been a couple of ups and downs, so I suggest looking at them and discussing in detail what direction the space is currently moving.ETH & SOL – Absolute DominatorsAccording to NFT Price Floor, NFT sales dropped significantly in the second week of the year, falling by 59.35% from the previous week. During the last seven days, NFT sales totaled $208 million, with the Ethereum blockchain alone accounting for $157 million.Last week’s best-selling NFT collection was the Bored Ape Yacht Club (BAYC), which generated $16.69 million in…

Big Time released details about their airdrop program, designed to reward NFT holders and active players. This airdrop includes over 100K Utility NFTs, distributed over eight months based on Collectible holdings and game playtime. Big Time has planned to reward their players and NFT holders ever since they revealed their general economic plans a few months ago. And now, this multiplayer, fantasy, RPG announces their plans to airdrop 108,000 Utility NFTs to their players. Distributed over eight months, these Mystery Box rewards can even contain Mythic level items! These Utility NFTs are used with Spaces to create crafting areas. Mystery…

NFT Sports-focused non-fungible token (NFT) company Candy Digital announced a Series A extension funding round earlier this month but didn’t specify the monetary amount. The news followed media reports that sports merchandiser Fanatics was selling its 60% stake in Candy Digital but, again, the amount wasn’t included. A new filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday finally provided some financial figures. According to the filing, Candy Digital had raised $38,449,997 from 14 investors in an equity offering, more than half of the $68,188,480 overall that the company is seeking to raise in the sale. The offering…

The United States Department of Justice announced a “major international cryptocurrency enforcement action” against crypto firm Bitzlato and the arrest of its founder, Anatoly Legkodymov.In a Jan. 18 announcement, U.S. Deputy Attorney General Lisa Monaco said that authorities had taken enforcement actions against Bizlato in coordination with France, seizing Bitzlato’s website and labeling the business as a “primary money laundering concern” connected to Russian illicit finance. According to Monaco, the Department of Justice worked with the Treasury Department and French law enforcement to take action against Bitzlato for “conducting a money transmitting business that transported and transmitted illicit funds and…

NFT NYX Professional Makeup is launching an online beauty “incubator” in the form of a DAO called GORJS, as well as 1,000 Ethereum NFTs called the “FKWME Pass,” the L’Oréal-owned brand announced Thursday. GORJS, pronounced “gorgeous,” aims to set a precedent for “what beauty will be in the metaverse, and lead the cultural conversation as it relates to the values of diversity, inclusivity, and accessibility,” according to the DAO’s litepaper, or technical explanation. The DAO was first announced last June, but it’s finally launching in the near future with the same vision intact. The FKWME NFT passes will be released…