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...
The NFT space can be a bit of a wild west, a place where speculation meets innovation. Sometimes, that collision leads to legal battles. A trademark battle is quickly shaping up between Nike and StockX. Nike claims trademark infringement and unfair competition because StockX sells Nike-branded Vault NFTs, an NFT...
The promise of decentralized exchanges (DEXs) is intoxicating: a financial system free from the control of banks and governments, where anyone can trade anything, anytime. From the rugged UI of Ether Delta to majestic AMMs such as Uniswap and much more, we have experienced their rapid expansion and evolution. They’re...
To cut through the current market confusion Nasdaq has proposed a new framework for categorizing digital assets that would help provide much-needed clarity to the regulatory landscape. The detailed proposal was recently sent to the Securities and Exchange Commission’s (SEC) new crypto task force. To help with this, it proposes...
