In a case that could make — or muddy — legal precedent in the NFT arena, sneaker reseller StockX denied Nike’s claim that the tokenized digital images it is selling violate the athleticwear giant’s trademarks. In a March 31 filing, StockX denied the claim, saying...
Visa has unveiled the Visa Creator Program, a new offering that will help digital artists, musicians, fashion designers and filmmakers build up their enterprises through non-fungible tokens (NFTs), according to a Wednesday (March 30) press release emailed to PYMNTS. There are 50 million artists, musicians...
Non-fungible tokens (NFTs) are apparently petering out a little, with one in three collections “essentially expired” without much trading activity, Bloomberg reported Saturday (March 26), citing blockchain analytics firm Nansen. Another third have been trading below the amount it costs issuers to mint the tokens....
Metaverse, meet Madonna. The pop legend announced on social media late Thursday (March 24) that she had purchased a non-fungible token (NFT) from the popular Bored Ape Yacht Club NFT collection. I finally entered the MetaVerse…,……….. My very own Ape! Thanks @moonpay We all need...
Yuga Labs, which created the Bored Apes Yacht Club (BAYC) NFT collection, has raised $450 million in a funding round that values the company at $4 billion. As Bloomberg News reported Wednesday (March 23), the funding round was led by Andreessen Horowitz, with participation from...
China’s tech giants went on another non-fungible token (NFT) distancing spree yesterday (March 21), with WeChat booting several platforms that violated China vague-but-serious “no speculation” rule. Meanwhile, Ant Group and Tencent tightened policies about any sales of the NFTs, a type of cryptocurrency that is...
Universal Music Group’s (UMG) next-generation label 10:22PM, a Web3 brand that discovers and develops artists, has purchased Bored Ape #5537, the Santa Monica-based company announced Thursday (March 17). Terms of the deal were not disclosed. The Web3 movement intends to overhaul the internet and would...
“History is written by the victors.” The quote is often attributed to Churchill, but the sentiment is much older. It’s something that Alex Bornyakov, Ukraine’s deputy minister of digital transformation, wants to make sure doesn’t happen to the history of Russia’s invasion of his country....
Nonfungible tokens (NFTs) started as a blockchain fad that isn’t fading as more players pile on, certifying ownership of digital assets with designs on the forming metaverse. While Spotify itself was mum, the Financial Times reported on Thursday (Mar. 17) that recent job postings reveal...