The United States Securities and Exchange Commission (SEC) has implemented its first non-fungible token (NFT) enforcement action against Los Angeles-based firm, Impact Theory. Based on the regulatory agency, Impact Theory sold its NFTs as unregistered securities, a violation of federal law. This action ended in a legal settlement that needs Impact Theory to establish a… Continue reading SEC Implements First Enforcement Action In The NFT Industry
Tag: nonfungible tokens
Donald Trump’s Arrest Push NFT Prices Explosively Higher
Non-fungible tokens that feature the resemblance to former US President Donald Trump have recorded a massive surge in their value after his recent arrest in Georgia. As anyone would expect, the arrest rapidly became the talk of the town. What is the hype all about? NFTs Rise Remarkably In the past week, the trading volume… Continue reading Donald Trump’s Arrest Push NFT Prices Explosively Higher
Recur’s Shutdown Highlights The Challenges Affecting The NFT Market
Recur is an NFT startup renowned for hosting the intellectual property (IP) of many big brands including Nickelodeon and Hello Kitty. Unfortunately, Recur announced on August 18, 2023, that its Web3 platform is shutting down. This decision comes despite a $50 million Series A funding round and a respectable valuation of $333 million. While announcing… Continue reading Recur’s Shutdown Highlights The Challenges Affecting The NFT Market
Chile’s VIK Adopts The NFT Strategy To Tokenize Wine
The digital world keeps integrating with the physical realities as advancement in technology continues. There is nowhere else where the integration is more obvious than in the rise of non-fungible tokens (NFTs) across many sectors of the global economy. From music and art to alcohol and sports, NFTs seem to be creating a major buzz,… Continue reading Chile’s VIK Adopts The NFT Strategy To Tokenize Wine
GalaChain’s Launch Complemented With NFT Mystery Boxes Release
In a recent official announcement, Gala Games announced its intention to transition unsold and reserve nonfungible token (NFT) game items from the Ethereum network to their recently developed proprietary blockchain called GalaChain. Notably, this adaptation promises to enable gamers to interact with their NFTs without having to pay Ethereum’s gas fees. Moreover, this change is… Continue reading GalaChain’s Launch Complemented With NFT Mystery Boxes Release
FBI Warns About Criminals Impersonating NFT Developers
The latest reports indicate that the FBI has issued a warning about criminals who are impersonating legitimate NFT developers aiming to defraud users within the nonfungible token (NFT) community. These nefarious individuals either compromise the legitimate social media profiles of genuine NFT developers or fabricate accounts that closely mimic them. Subsequently, they endorse counterfeit NFT launches,… Continue reading FBI Warns About Criminals Impersonating NFT Developers
Zora’s New Revenue Split Model Increases Money For Creators
In the ongoing discourse surrounding artist royalties, prominent NFT minting platform Zora undertakes a courageous move to bolster creators by revising its revenue-sharing framework. Acknowledging the significance of equitable compensation for artists, the platform is actively striving to enhance their financial well-being. Is The Zora NFT Platform The Solution To NFT Revival? Zora’s platform charges… Continue reading Zora’s New Revenue Split Model Increases Money For Creators
The Future Of Real Estate Enhanced With NFT Transactions
Nonfungible tokens (NFTs) have gathered massive attention and are making a huge impact across different sectors. Notably, the real estate industry is also adopting the technological advancements of our time, with the advent of NFTs starting to shape how property deals are executed. Find out how this technology may impact the real estate industry, making… Continue reading The Future Of Real Estate Enhanced With NFT Transactions
nWay Introduces ‘Wreck League’ With Yuga Labs NFTs
nWay is a subsidiary of Animoca Brands, which is gearing up to release “Wreck League,” an innovative mech fighting game that is built on nonfungible tokens (NFTs). In the exciting game, gamers can assemble their mechs using collectible NFT parts, providing an incredible 1.5 quadrillion possible combinations. The game is expected to launch in the… Continue reading nWay Introduces ‘Wreck League’ With Yuga Labs NFTs
Apple Faces Scrutiny Over App Store Policies Amid NFT Industry Growth
Apple Inc. is under intensive scrutiny for its App Store practices, mainly with regard to the growing industries of crypto trading and nonfungible tokens (NFTs). On July 28, Jan Schakowsky and House Representatives Gus Bilirakis (R-Fla.) wrote a letter to Apple CEO Tim Cook, Asking for detailed information about its App Store policies. In that… Continue reading Apple Faces Scrutiny Over App Store Policies Amid NFT Industry Growth