Michael Rubin’s sports platform company Fanatics is selling its 60% stake in NFT Candy Digital, according to an internal email obtained by CNBC. Fanatics, which previously owned the majority stake in Candy Digital, will sell its stake to a group of investors led by Galaxy Digital, the crypto merchant bank headed by Mike Novogratz, which …
Fanatics sells its 60% stake in NFT Candy Digital Read More »
Investment giant Fidelity Investments has filed trademark applications in the United States for a host of Web3 products and services, including a non-fungible token (NFT) marketplace and financial investment and crypto-trading services in the metaverse. This is according to three trademark filings filed with the United States Patent Trademark Office (USPTO) on December 21, which …
Fidelity plans an NFT marketplace and financial services in the metaverse Read More »
A class action lawsuit alleges that stakeholders of Yuga Labs, the parent company of the NFT series Bored Ape Yacht Club and its affiliated digital products, engaged in a conspiracy with celebrities to defraud potential investors. In the lawsuit, filed Dec. 8 in federal district court in Los Angeles, Yuga’s partners — including veteran music …
Seems like a good old fashionable celebrity endorsement just got a little tougher when it comes to the digital market these days. Less than a month after Larry David, Tom Brady Gisele Bundchen and Stephen Curry were sued for bringing their high-paying star power to the launch of now-collapsed cryptocurrency firm FTX, a new class …
Jimmy Fallon, Gwyneth Paltrow and Justin Bieber have been sued in a proposed class action lawsuit accusing them and a host of other celebrities of promoting non-fungible fraud tokens at the Bored Ape Yacht Club. Lawsuit claims celebrities misled followers by buying BAYC NFTs, among other unregistered securities issued by Yuga Labs, to increase their …
Celebrity Promoters Sued Over Bored Ape NFT Endorsements Read More »
A number of celebrities, including Justin Beiber, Paris Hilton, Jimmy Fallon and Madonna, among others, have been named as plaintiffs in a class action lawsuit alleging that Yuga Labs’ non-fungible token (NFT) collections were “promoted from misleading way”. financial damages to the defendants. The lawsuit, filed Thursday by John T. Jasnoch of Scott + Scott …
FTX Collapse Crushes NFT Ecosystem Getty What happened In response to FTX’s insolvency, crypto markets have been in a risk-taking mood, with asset prices dropping precipitously for all crypto tokens, fungible and non-fungible. The aggregate market capitalization of all cryptocurrencies fell 23% to $786 billion from $1.02 trillion in four days. Nansen’s NFT-500 Index indicates …
Instagram is developing an NFT hit and sell feature through its app, parent company Meta announced on Wednesday. The next “end-to-end toolkit” for NFT will allow users to create and launch their own NFTs to sell through Instagram. “A small group of creators will soon be able to create digital collectibles (NFTs) and sell them …
Meta’s Instagram Plans NFT Minting, Trading Tools – Decipher Read More »
In short The Aptos NFT market has been growing since the mainnet launched last week. Solana NFT trading has been down recently amid moves by markets to no longer enforce creator royalties. enthusiasm around Solana The NFT market has been rare lately on Crypto Twitter as markets pushing back on creator royalties. Transaction volume is …
Aptos attracts Solana NFT traders and creators – will it last? – Decrypt Read More »
