The Gaming NFT Market has been examined thoroughly in a never before detailed report of more than 143 pages. This monumental study sheds light on the intricacies of the market. It provides a detailed picture of the industry as it stands today and projects what it may look like going...
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...
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...
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...
So, Nike’s getting sued over the RTFKT NFT mess, right? One such investor is accusing them of fraud, securities law violations, and extreme virtual sneaker loss of value. Honestly, is anyone really surprised? This isn’t simply the story of one bad NFT project or one disgruntled investor. Corporate overreach in...
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....
Zed Run is dead. Long live Zed Champions? This fundamental question reverberates throughout the Web3 gaming community in Southeast Asia. Virtually Human Studios (VHS), creators of the once extremely popular NFT horse racing game, are currently doing everything in their power to resurrect it. But forgive my skepticism. I’ve been...
Wall Street has been ecstatic over Web3, luring investors with the allure of disruptive innovation and sky-high profits. Are they actually equipped to handle the Wild West of digital assets? Nike’s newly settled NFT lawsuit may be what’s needed to bring the NFT industry back down to earth.Regulation's Shadow Looms...
From the fallout of Nike’s NFT debacle, ending up in lawsuit and RTFKT set to shut down soon, it’s a kick to the stomach. A $5 million gut punch, to be precise. While the legal wrangling focuses on consumer protection laws and "unregistered securities," the real casualty here might be...
Stablecoins, cryptocurrencies pegged to the U.S. dollar, have emerged as a focal point in Washington's evolving approach to digital assets. These are central bank digital currencies, which feature the speed and accessibility of crypto. They remove the price instability that comes with assets such as Bitcoin, which makes them suited...
