Tagged: non-fungible tokens

Mark Cuban and ConsenSys CEO Joseph Lubin Backed Nifty’s Appoints Olta Andoni, as NFT Legal Expert

Billionaire Mark Cuban-backed Nifty’s has reportedly hired Olta Andoni, an NFT copyright legal expert as its new Chief Legal Officer. Andoni will notably be the first CLO of the nascent non-fungible token or NFT-focused social media platform. Nifty’s is a fairly new online network for… Read More

NFT Art: Your Top 40 Legal Questions Answered

Non-fungible tokens (NFTs) were minted and sold under the radar until a relatively obscure artist sold an NFT for an immense sum. That seminal event invigorated interest in NFTs by artists, sales platforms, and collectors. In this column, we undertake to identify and answer, in… Read More

Waiting for Crowdfunding Boom 3.0

It seems hard to believe, especially after a decade where it dominated new finance, but equity crowdfunding is still just in its infancy. Originally coined by entrepreneur Michael Sullivan in 2006, the true modern crowdfunding boom kicked off at the start of the previous decade… Read More

Digital Assets Firm Kraken Explains Why Blockchain based NFTs are a Revolutionary New Licensing Technology

  The team at digital assets firm Kraken notes that humans have “always loved making and displaying art.” The US-based crypto exchange provider reveals that deep within a cave in Spain, there’s a Neanderthal hand stencil that scientists “have radiocarbon dated to 64,000 years –… Read More

Ethereum Development Studio ConsenSys, HENI Group, Heyday Films Launch Palm NFT Studio, an Innovation Lab for Digital Artists

ConsenSys, HENI Group, and Heyday Films launched Palm NFT Studio on March 30, 2021. It’s described as an “innovation” lab that’s been set up to “collaborate with artists, marketplaces, and rights holders to bring projects and platforms into the Palm ecosystem.” As mentioned in a… Read More

Chain of Events Update from Blockchain.com Reveals that it Supports Instant Transfers in the US and Faster Payments in the UK

The team at Blockchain.com, a leading crypto wallet provider, trading platform and block explorer service that recently acquired an additional $300 million in capital, notes that in the crypto space, “one month can feel like an entire quarter — a lot happens.” Blockchain.com points out… Read More

Uniswap V3 Launch Animation by Digital Artist Sells for $525K to DAO formed for Buying NFTs

Last week, the developers of Uniswap, a leading non-custodial Ethereum token exchange, announced that they had officially launched Version 3.0 of the platform. The Uniswap team reminded users that Version 1.0 was introduced back in November 2018 as a proof of concept for automated market… Read More

Controversial BitClout Project, which will Offer Social Currency Issued by Digital Artists, Already Facing Lawsuit Before Official Launch

There’s been a lot of hype around non-fungible tokens or NFTs, with many major digital art auctions and opportunities to exchange virtual trading cards. There’s also been a lot of talk among major investors who believe that these scarce tokens may support the future of… Read More

CipherTrace and Blockchain Industry Insiders Comment on Updated FATF Guidelines on Virtual Assets and VASPs

Blockchain security firm CipherTrace has provided an analysis on the proposed Financial Action Task Force (FATF) guidance for digital assets and virtual asset service providers (VASPs). On March 19, 2021, global anti-money laundering watchdog, the FATF, released a public consultation for its latest Draft Guidance… Read More

Gemini Surpasses $20 Billion in Digital Assets Under Custody as Unprecedented Bitcoin and Crypto Bull Market Continues

Digital asset exchange Gemini recently revealed that it now has over $20 billion in crypto-assets under custody. The US-based firm confirmed in a blog post: “Tracking with the impressive growth of the crypto market this year and increased participation from institutional investors, we have doubled… Read More

Are NFTs the New ICO? Could NFTs be Deemed Securities? A Top Digital Asset Attorney Explains

It is hard not to know something about the booming Non-Fungible Token or NFT market. Following Beeple’s sale of a digital work of art “Everydays—The First 5000 Days,” auctioned by Christie’s for a whopping $69 million, NFTs officially became a “thing” with non-stop coverage on… Read More

Researchers Argue that Wash Trading Might become Problem in Fast-Growing Blockchain based NFT Market

A digital artwork piece by Beeple recently set auction records (on Thursday / March 11, 2021)  when it sold at Christie’s for $69 million. Twitter CEO Jack Dorsey is auctioning the NFT or non-fungible token for the first tweet ever, “just setting up my twttr,”… Read More

Blockchain based Non-Fungible Tokens or NFT Marketplaces Must be More Accessible and User-Friendly to Achieve Mainstream Adoption

Ali Ahsan writes in a blog post published by global Fintech firm Circle that the Internet started off in 1969 as a government initiative known as ARPANET. As explained by Ahsan, ARPANET was established to allow researchers to share important information with each other. He… Read More

Wow. Beeple NFT Sells for $69 Million on Christie’s

Beeple’s the First 5000 Days has sold for $69,346,250 on Christie’s today. The NFT (non-fungible token) represents a record for digital art and as one Tweet reports one of the most expensive art auctions of all time. According to the Lot Essay, in May 2007,… Read More

NFL Tight End Rob Gronkowski Enters Blockchain based Digital Collectibles Space with his Own NFTs

NFL tight end Rob Gronkowski has decided to enter the blockchain-based digital collectible space by introducing his own non-fungible tokens (NFTs). The National Football League athlete has teamed up with NFT marketplace provider OpenSea to launch five different digital trading cards that feature memorable Super… Read More

Uniswap UNI Token was “Shining Star” of DeFi this Past Week, while Ethereum based NFTs Rising in Popularity, OKEx Reports

Decentralized finance (DeFi) continues to lead the cryptocurrency market bull run, while Bitcoin  (BTC) is “holding steady” according to a report from OKEx. The exchange noted that last week’s digital assets price action may have “some of you ready to exit the roller coaster,” but… Read More

Delphi Digital Invests in Yield Guild, a Play-to-Earn NFT focused Gaming Guild Supporting Blockchain based Economies

Delphi Digital, a leading crypto and blockchain research firm, has reportedly led Yield Guild’s seed round. Yield Guild (Games) is a “play-to-earn” gaming guild, which aims to bring players together to earn through blockchain or distributed ledger tech (DLT)-based economies. Yield says they are “the… Read More

Digital Collectibles: Rachel Mayer from Circle Pay Explains how Company’s Payments and Treasury Infrastructure Supports NFT Marketplaces

Rachel Mayer, VP at CirclePay, notes that as non-fungible tokens (NFTs) rise in popularity, the operators or managers of NFT marketplaces and storefronts will be needing to remove entry barriers for their users. Mayer points out that more consumers in and outside of the crypto… Read More

$6.6 Million Paid for 10-Second Video Artwork NFT Created by Digital Artist Mike Winkelmann

Miami-based art collector Pablo Rodriguez-Fraile had reportedly spent nearly $67,000 in October 2020 on a 10-second video artwork that he may have watched for completely free online. Pablo has now sold the digital artwork video for $6.6 million. The video has been created by digital… Read More

Consumers have Spent Over $230M Purchasing and Trading Digital Collectibles of NBA Game Highlights

Consumers have reportedly spent over $230 million purchasing and trading digital collectibles of NBA game highlights. The NBA’s Top Shot product is a blockchain or distributed ledger tech (DLT)-powered digital trading card system that has managed to generate more than $230m worth of gross sales,… Read More

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