NFT Drops

Nike Faces Lawsuit Over Closure of RTFKT Sneaker NFT Venture

Nike Faces Lawsuit Over Closure of RTFKT Sneaker NFT Venture

That’s the argument that Nike is currently facing in a lawsuit filed by scan & go startup Symbol New York. This follows the company’s closing of RTFKT, its subsidiary that peddled virtual sneakers as NFTs. The suit, brought by a single investor in the firm, seeks more than $5 million...

Colle AI Enhances Cross-Chain NFT Capabilities with Expanded XRP Solutions

Colle AI Enhances Cross-Chain NFT Capabilities with Expanded XRP Solutions

Colle AI , an AI-driven multichain NFT platform is creating the path. They’ve extended their XRP cryptocurrency solutions to supercharge cross-chain NFT creation and drive real-time asset management. This expansion aims to provide creators with more efficient and flexible tools for minting, transferring, and managing digital assets across multiple blockchains....

YOAKE and The Seven Deadly Sins Launch Second NFT Drop

YOAKE and The Seven Deadly Sins Launch Second NFT Drop

YOAKE has announced the fourth installment of its anime-themed collectible series. This thrilling compilation is based on the immensely popular multimedia IP “The Seven Deadly Sins.” That first NFT drop had Degas partnering with OpenSea for the release, with the collection being minted on Sony’s own L2 blockchain, Soneium.The initial...

Zed Run's Successor, Zed Champions, to Launch on Coinbase's Base Network

Zed Run's Successor, Zed Champions, to Launch on Coinbase's Base Network

In addition, Virtually Human Studios is planning to release Zed Champions, a digital horse racing game, on Base. Base is the new Ethereum layer-2 network launched by Coinbase. Zed Champions is the latest evolution of Virtually Human Studios’ platform and the successor of Zed Run. Zed Run was a popular...

NFT Winter Claims Casualties Nike Faces Lawsuit After RTFKT Shutdown

NFT Winter Claims Casualties Nike Faces Lawsuit After RTFKT Shutdown

With the NFT market’s spectacular bust now leaving big brands that happily jumped feet first into the technology nursing bruised egos and deeper financial wounds. Nike has quickly become one of the biggest names in NFT space. Now it’s fighting a class-action lawsuit after announcing plans to close RTFKT, one...

Nike Faces $5M Lawsuit Following RTFKT NFT Unit Shutdown

Nike Faces $5M Lawsuit Following RTFKT NFT Unit Shutdown

Nike is still in the middle of a $5 million class action lawsuit. This comes on the heels of their decision to close the NFT subsidiary, RTFKT, at the end of December 2024. Australian Jagdeep Cheema is at the head of the class action. He alleges that the shutdown caused...

Ov Finance to Fuse GameFi and NFTs in New Wealth Initiative

Ov Finance to Fuse GameFi and NFTs in New Wealth Initiative

Ov Finance recently released a groundbreaking initiative you should know about! They’re fusing GameFi and NFTs to build an engaging, asset-backed journey that unlocks the skills of the next generation of investors. The joint initiative seeks to harness the power of tokenized gaming assets combined with a robust, blockchain-based infrastructure...

Nike Sued Over "Worthless" NFTs as Market Plummets

Nike Sued Over "Worthless" NFTs as Market Plummets

The clothing behemoth is now embroiled in a lawsuit brought against it by angry NFT purchasers who allege that the brand’s digital tokens constitute unregistered securities. The lawsuit arrives at a time when the NFT market is facing a drastic collapse, with millions in digital assets plummeting in value. This...

Pudgy Penguins NFT Sales Surge Amid PENGU Token Rally

Pudgy Penguins NFT Sales Surge Amid PENGU Token Rally

The community-driven Pudgy Penguins non-fungible token (NFT) collection is on a big upswing, recently hitting a three-month 300% blast in sales volume. This rally has been picking up steam as we zoom toward World Penguin Day on April 25! In tandem, the associated PENGU token has seen a stellar surge...

NFT Market Cools to $89.4 Million as CryptoPunks Buck the Trend

NFT Market Cools to $89.4 Million as CryptoPunks Buck the Trend

NFT sales have plummeted to one-sixth of the all-time peak at $89.4 million. Even in this recently cooled climate, CryptoPunks have proven themselves to hold a strong position. In fact, sales were up 106% on the year! This divergence is representative of the varied and complicated narrative developing in the...

Japan's "New Capitalism 2025" Plan Signals Regulatory Embrace of Bitcoin and Web3

Japan is strategically positioning itself as a global leader in digital innovation with its updated "New Capitalism 2025" plan, released on April 13. Taken together, this plan represents a major regulatory turning point event toward welcoming Bitcoin and Web3 technologies. The initiative aims to leverage digital assets to solve social...

Japan's Bitcoin Revolution: A Boon for Artists and Web3 Creators?

Is Japan on the verge of accidentally unleashing a tsunami of creative destruction and financial liberation onto the rest of the emerging markets? I know this seems like a tall order, but hear me out. Japan’s regulatory change to officially recognize Bitcoin as a financial product. This step is a...

5 Ways This Crypto Bill Empowers Southeast Asian Artists, Not Wall Street

Let’s be honest, when you hear about crypto regulation, your first thought probably isn't Southeast Asian artists finding new avenues for creative expression. Surely visions of Wall Street honchos and inscrutable derivatives dance in your head. Well, what if I told you that the Senate’s Banking Committee just released their...

Senate Republicans Forge Ahead on Crypto Market Structure Framework

Republican senators working on a new framework for digital assets legislation, riding the positive bipartisan wave in the Senate as of late. This announcement follows the Senate’s passage of a bill to regulate stablecoins last week. It was passing with overwhelming bipartisan support.Senators Tim Scott, Cynthia Lummis, Thom Tillis, and...

Crypto's 'Light-Touch' Regulation Gamble Will It Protect You?

The Senate Committee’s proposed “light-touch” regulatory framework for crypto is a long high-stakes poker game. Are we all truly holding a winning hand, or are we collectively bluffing our way into a future financial crisis? It’s a question every investor, every innovator, and frankly, every citizen should want to know....

Trump Jr. at KBW2025: Web3's Mainstream Moment?

Donald Trump Jr.’s scheduled keynote address at KBW2025 is raising eyebrows and inspiring intense discussion across the Web3 ecosystem. He’s just a high-profile guy shaking things up in the crypto world. His presence further exemplifies the increasing importance of blockchain technology and its potential to revolutionize the traditional economy. Does...

Trump Jr. at KBW2025: Web3's Punk Rock Moment or Sellout?

Or I think about Nandar, a wonderful Burmese artist that I met in Yangon, sharing with me her latest NFT collection. Each work exploded with vivid imagery, bravely fighting back against the junta’s repressive hold. She began selling them directly to supporters around the world, allowing her to cleverly sidestep...

Donald Trump Jr. Headlines Korea Blockchain Week 2025

Korea Blockchain Week (KBW) 2025, Asia’s largest and most influential Web3 conference, is returning to Seoul this coming September. The collaborative innovation summit recently announced its second wave of speakers and lead partners. You can expect big names such as Donald Trump Jr., Keone Hon from Monad Foundation, Guy Young...