Author: Jeremy Ryan

Swimming legend Michael Phelps is immortalized as an NFT on the latest edition of Sports Illustrated SI Covers. The next cover collection drop launched on December 6th and honors Phelps as the most-decorated athlete in Olympic history. Moreover, the NFT collection is hosted by top NFT marketplace OneOf. It also shines light on his work as an outspoken advocate for mental health globally. Read on to learn more about the collection below! How To Collect The Michael Phelps Sports Illustrated Cover NFTs? The Michael Phelps NFT project echoes Phelps’ historic Sports Illustrated cover story “The Rehabilitation of Michael Phelps,” published…

The Web3 Foundation, which supports the Polkadot protocol, has again presented its argument that its native DOT (DOT) token is not a security. In a Twitter thread, the foundation emphasized its efforts to comply with U.S. securities laws, as well as Securities and Exchange Commission guidance on digital assets, and declared that DOT had successfully “morphed” and is software, not a security. The Web3 Foundation reposted an excerpt from a December Twitter Space where Angela Dalton, identified as an adviser to the foundation, described how representatives accepted the SEC’s invitation to “come in and talk to us.” Subsequently, the foundation claimed:“The…

NFT After weeks of anticipation, the 20 artists behind non-fungible token (NFT) collective Proof’s Grails III collection were revealed Friday. The collection features a wide range of notable digital creators, including generative artist Matt Kane; All Seeing Seneca, the digital artist that helped create art for NFT collection Bored Ape Yacht Club; and founder of NFT collection Cyber Brokers Josie Bellini. Each artist contributed one unique work, available in limited quantities, to the collection. Earlier this month, Grails III opened its mint passes for collectors to purchase ahead of the artwork reveal. Once the digital art was unveiled, users purchased…

Tomorrowland mainstagers Ape Rave Club have dropped a limited edition hoodie collection in partnership with l top web3 curators LTD INC. The NFC-infused hoodie includes an exclusive track and also doubles as a wearable ticket to specific events. Moreover, this unique collectible also unlocks exclusive digital extras and experiences. Read on to learn more about this awesome, innovative drop below! Ape Rave Club -x- LTD INC. Collection: What’s The Hype? LTD INC. is a platform that brings ultra-rare, curated phygital products and experiences to the blockchain. This includes partnerships and collaborations with iconic artists and brands. The latest partnership sees them…

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…