Okay, 19,000 Clone X NFTs went poof. Vanished. Gone. For a few hours, anyway. They are returned now, safe and sound in Arweave after their pesky server migration saga. All of this failure and disorganization just shouts monopoly louder than a dial-up modem in 2024. Web3’s current trajectory is a...
Nike’s recent foray into the world of NFTs has raised some eyebrows. This sudden discontinuation of RTFKT and the resulting lawsuit gives a more impression of a typical corporate cash grab instead of genuine innovation. To be honest, it kind of pisses me off – particularly in light of all...
Nike’s first jump into the metaverse through the RTFKT acquisition was a shoo-in. A billion dollars later, and all we get is a slam dunk into the regulatory black hole. The recent Clone X image outage, for example, resulted in the temporary disappearance of more than 19,000 NFT images. This...
This is the second of a multi-part series on Nandar by Cinthia M. Souza of Coffee and Cocktails Art Collective & Organization (CCACO). She taught local artists to mint their work as NFTs. This allowed them to avoid the heavy-handed censorship and erratic financial system that has haunted Myanmar for...
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...
FTX is suing NFT Star and Delysium. Big deal, right? Another day, another crypto drama. This could be something more. This isn't just about recovering assets for creditors. It's about a potential injection of capital that could reignite the Web3 fire in Southeast Asia. We're talking about empowering artists, developers,...
FTX is suing NFT Star and Delysium to recoup millions in allegedly misappropriated tokens. The exchange is suing to recover assets it says belong to its creditors after its own bankruptcy last fall. This move is part of FTX's broader effort to recoup funds and ensure equitable distribution to those...
The FTX dumpster fire is still smoldering, and this time the blaze is being fanned towards NFT Star and Delysium. FTX, in its relentless pursuit to claw back assets, is suing these entities for failing to deliver tokens promised under SAFT agreements. Or is this only about recouping losses? Or...
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...
