Currently, gaming NFTs represent the largest slice of the NFT economy. This momentum is driven by the growing appetite for decentralized gaming economies and the recruitment of digital, virtual ownership. The use of blockchain tech in mobile gaming is exploding. Scarce, limited-edition digital assets combined with the play-to-earn (P2E) paradigm...
The crypto market is overall sending mixed signals. Once again, investors and analysts are left to wonder whether that long-anticipated resurgence is finally here. During a dismal period these last three months, Bitcoin’s recent climb over $84,900 provides a ray of sunshine. How this will all play out is still...
We believe that the NFT world received a rude awakening in the form of what centralized storage can do. At least 19,000 images associated with the Clone X NFT collection disappeared into thin air. An abrupt change in Cloudflare’s service plan led to this crisis. It exposed a critical vulnerability...
Nike, the sportswear behemoth, has now landed in hot water after being sued for launching its own NFTs through RTFKT. On April 25, Australian resident Jagdeep Cheema filed that class-action lawsuit in Brooklyn federal court. This lawsuit claims that through an ill-conceived RTFKT NFT campaign Nike deceived investors by promoting...
Senator Dave McCormick's recent investment of nearly $1 million in Bitcoin, while simultaneously playing a key role in shaping digital asset regulation in the U.S. Congress, has ignited a fiery debate. Or is this a smart money investor seeing a value play? Or does it just uncover a serious conflict...
The sudden collapse of FTX sent shockwaves throughout the crypto ecosystem. It ignited dozens of marbled legal skirmishes and roused a fog of monetary doubt. NFT Star and Delysium now reportedly are tied up in complex legal conflicts involving FTX. Both firms are currently being sued for signing on to...
GO WEB3 London is hoping to establish itself as a global center for Web3 innovation with the introduction of a new accelerator program. Together, this initiative aims to equip the next generation of blockchain startups. It will speed up innovation in strategic industries like decentralized finance (DeFi), blockchain gaming, and...
Despite the sunny surf beaches and casual lifestyle often associated with Australia, it’s a real hub of activity for crypto exchanges. According to new data, there are an unbelievable 427 registered crypto exchanges in the country Down Under. As the Australian Transaction Reports and Analysis Centre (AUSTRAC) is warning. Their...
Nike, the multinational sportswear behemoth who’s motto is “Just Do It,” finds themselves in an unexpected legal tussle. This lawsuit could have far-reaching implications on the fast-moving universe of Non-Fungible Tokens, or NFTs. Nike’s RTFKT NFTs were recently the subject of a class-action lawsuit accusing the company of deceptive advertising...
Nike, a sportswear giant, faces a lawsuit over its handling of non-fungible tokens (NFTs) after the abrupt shutdown of its digital token project, RTFKT. The lawsuit raises critical questions about consumer protection in the digital asset space and whether NFTs could be classified as securities. As blockchain regulatory analyst Marcin...
