Tech giant Apple recently unleashed guideline updates that limit user interaction with NFTs in its App Store. Apple has now blocked apps on its App Store from using nonfungible tokens (NFTs). Based on official reports, the move is meant to discourage NFT buyers and sellers from transacting their business in-app. Notably, Apple wants these businesses… Continue reading Apple Bans NFTs Use To Unlock Content And Features In App Store
Tag: NFT regulation
Over $100M Worth Of NFTs Stolen Since 2021 – Elliptic
Crypto risk management company Elliptic has released a report which indicates that the scammers stole at least $100 million worth of nonfungible tokens (NFTs), starting in 2021. In its NFTs and Financial Crime report released on August 24, 2022, Elliptic stated that crypto users had been the victim of nearly $100.6 million worth of scams… Continue reading Over $100M Worth Of NFTs Stolen Since 2021 – Elliptic
NFTs To Be Regulated Like Crypto Under MiCA Law – EU Official
This MiCA law would result in the issuers of nonfungible token (NFT) collections publishing the ‘white paper’ that originally conveys all the information about the protocol used by the NFT. Based on an announcement at the Korea Blockchain Week, Non-Fungible Tokens (NFTs) will be treated as cryptos and regulated similarly under the Market in Crypto… Continue reading NFTs To Be Regulated Like Crypto Under MiCA Law – EU Official
The Future Of NFTs In China
Harris Sevinc, a chief technology officer at a blockchain game firm utilizing NFT and metaverse-centric concepts, The Unfettered, believes that China is still hostile to digital assets. However, its residents are obsessed with blockchain technology, the move that has attracted many investors to continue harnessing blockchain-based projects such as NFTs that do not depend entirely… Continue reading The Future Of NFTs In China
China’s Delay To Ban NFTs Increases Hope For Investors
NFTs are still legal in China. The Chinese government now shows no intentions restricting all things crypto, as was highlighted last year when the country declared a total ban on digital assets. In that case, the uncertainty now surrounds the rapidly flourishing crypto-related industry non-fungible tokens (NFTs) market. There is a continued silence from the… Continue reading China’s Delay To Ban NFTs Increases Hope For Investors
Malaysian Top Government Official Urges The State To Legalize Cryptos And NFTs
NFTs are revolutionizing the digital space. The Ministry of Communication and Multimedia (KKMM) is purportedly pushing for general adoption of digital assets, with the deputy minister now calling on the Malaysian government to establish a legal framework for both crypto and non-fungible tokens (NFTs). According to a Harian Metro report, a local news agency platform… Continue reading Malaysian Top Government Official Urges The State To Legalize Cryptos And NFTs
Instagram To Add NFTs Soon – Mark Zuckerberg
Meta CEO Mark Zuckerberg has said that the company’s video and photo-sharing application, Instagram, is now preparing to add nonfungible tokens (NFTs) to the platform. While appearing at the South by Southwest conference in Austin, Texas, the Meta CEO said: “We’re working on bringing NFTs to Instagram in the near term.” Zuckerberg also added that… Continue reading Instagram To Add NFTs Soon – Mark Zuckerberg
OpenSea SmartContract Upgrade Set To Delist Inactive NFTs On Ethereum
As part of the planned upgrade, all of the OpenSea users will have to migrate their existing nonfungible token (NFT) listings to a new smart contract. Up to date, OpenSea is one of the most popular NFT marketplaces. The marketplace has announced that it has rolled out an upgrade to its smart contract, which is… Continue reading OpenSea SmartContract Upgrade Set To Delist Inactive NFTs On Ethereum
Challenges That Affect NFTs Royalties
Digital creators, content creators, and many other artists have managed to generate some income by selling nonfungible tokens (NFTs) for high prices. Some believe that the prices are exorbitant and they wonder how long this business model will last. The co-founder of TreeTrunk who doubles up as the head of research and development at ConsenSys… Continue reading Challenges That Affect NFTs Royalties