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 , 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 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...
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...
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 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 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...
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...
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 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...
