Tag: digitalassets

Nike's NFT Lawsuit: 3 Regulatory Lessons for Web3's Wild West

Nike's NFT Lawsuit: 3 Regulatory Lessons for Web3's Wild West

• Commentary

That perfectly chaotic and free digital Wild West that is Web3 is having something of a reckoning. Nike’s now deep in a class-action lawsuit over its RTFKT NFT collections, and frankly, it’s about damn time. Never mind the so-called “rug pull.” The true tale behind this case is what it...

FTX Sues NFT Star & Delysium: Millions in Tokens at Stake!

FTX Sues NFT Star & Delysium: Millions in Tokens at Stake!

• Facts

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...

Nike NFT Lawsuit: Unregistered Securities or Digital Fad?

Nike NFT Lawsuit: Unregistered Securities or Digital Fad?

• Facts

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...

Nike's NFT Nightmare Regulatory Clarity or Innovation Killer?

Nike's NFT Nightmare Regulatory Clarity or Innovation Killer?

• Commentary

The metaverse sold us on a pair of digital sneakers and a world oozing with customized avatars. Nike, through its acquisition of RTFKT, leaped into the NFT pool with both feet. Now? They’re under the shadow of a class-action lawsuit, charged with foisting off unregistered securities on the investing public....

Nike's NFT Lawsuit: Is This the End of Crypto's Wild West?

Nike's NFT Lawsuit: Is This the End of Crypto's Wild West?

• Commentary

This Nike lawsuit… this one feels like a gut punch, huh? Not just to Nike, or even the NFT holders left with potentially worthless digital sneakers, but to the entire Web3 dream. We were sold on a new, democratized, decentralized future, a tech-driven new frontier of digital ownership. Rather, we’ll...

Nike Faces Lawsuit Over Closure of RTFKT Sneaker NFT Venture

Nike Faces Lawsuit Over Closure of RTFKT Sneaker NFT Venture

• NFT Drops

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 & XRP: AI-Powered NFTs Across Chains!

Colle AI & XRP: AI-Powered NFTs Across Chains!

• Facts

Colle AI (COLLE) is taking the NFT realm by storm. As an AI-driven multichain NFT platform, Colle AI is making waves by expanding its XRP cryptocurrency solutions to streamline cross-chain NFT creation and real-time asset management. AI unlocks a greater speed of transactions and reduction in fees. It’s a better,...

Nike's NFT Mess: The Regulatory Wake-Up Call Web3 Needs

Nike's NFT Mess: The Regulatory Wake-Up Call Web3 Needs

• Commentary

Nike’s NFT adventure, previously praised as a daring step into the metaverse, is now stuck in a legal quagmire. And frankly, it's about damn time. The class-action lawsuit alleging unregistered securities offerings through RTFKT NFTs isn't just about those specific digital shoes; it's a glaring spotlight on the regulatory vacuum...

NFT Winter Claims Casualties Nike Faces Lawsuit After RTFKT Shutdown

NFT Winter Claims Casualties Nike Faces Lawsuit After RTFKT Shutdown

• NFT Drops

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 Sued: RTFKT NFT Holders Claim $5M Loss. What Happened?

Nike Sued: RTFKT NFT Holders Claim $5M Loss. What Happened?

• Facts

Nike faces a class-action lawsuit of its own in federal court in Brooklyn. The company is accused of carrying out a “rugpull” when it suddenly terminated the RTFKT platform. Investors are sounding the alarm on “substantial harm.” They are seeking $5 million in damages for the harm they suffered when...

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...

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...

KBW2025: Is Trump Jr. Web3's Trojan Horse or its Savior?

Donald Trump Jr. at Korea Blockchain Week? It's a head-scratcher, isn't it? About as easy as locating a MAGA hat at a Burning Man soirée. Before we put this down as just another short-lived publicity stunt, let’s take a closer look at what this could IoTally Web3 means. Cynical ploy...

Schiff's Crypto Ban: Is He Protecting Us or Silencing Innovation?

Senator Adam Schiff's proposed crypto ban, the COIN Act, aimed at preventing the President (read: Donald Trump) from dabbling in digital assets, raises a critical question: Is this genuine protection against corruption, or a veiled attempt to stifle innovation, especially for emerging markets? Let's be real, the optics are terrible....