Nike has filed a civil case in the United States against the Detroit-based online fashion resale platform StockX, claiming that the latter uses unauthorized images of its footwear in non-fungible token (NFT) offerings. In a 50-page complaint submitted to the New York Southern District Court, Nike’s lawyers claimed that StockX’s Vault NFT offerings infringe…
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nWay, a subsidiary of major non-fungible token (NFT)-focused company Animoca Brands, has launched Olympic Games Jam: Beijing 2022, the official licensed play-to-earn multiplayer party game of the Olympic Winter Games that opened today…. Read More: Animoca Brands’ Offshoot nWay Launches Official Multiplayer Party Game of Beijing 2022 Olympics Read more »Pay, Trade, Buy Bitcoin…
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Australia-based Immutable has announced that its layer 2 (L2) scaling protocol for Ethereum (ETH) and non-fungible tokens (NFTs), Immutable X, has partnered with the US-based videogame retailer GameStop (GME) to launch an NFT marketplace. The new marketplace will be fully carbon neutral, said the Immutable team, and will come with no gas fees…. Read…
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The Ethereum (ETH) network has been struggling to scale, plagued with skyrocketing gas fees and slow transaction confirmation times. Following the explosion of decentralized finance (DeFi) and non-fungible tokens (NFTs) over the last two years, the strain on the network has become palpable, leading to the much-needed development of layer-2 scaling solutions to reduce…
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Rap superstar Ye, who changed his legal name from Kanye West last October, is not planning to roll out a non-fungible token (NFT) — at least not for now. However, he could change his mind later, according to the artist’s recent Instagram post. “My focus is on building real products in the real world,” the…
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Famed digital artist Pak, also known as Murat Pak, aims to collaborate with WikiLeaks founder Julian Assange to release a new non-fungible token (NFT) collection dubbed ‘Censored’. ‘Censored’ is “about you,” Pak said on Twitter, adding that the collection would consist of “two parts, a dynamic 1/1 and a dynamic open edition.” The collection…
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Following Adidas and Nike getting into the metaverse, the sneaker manufacturer New Balance seems to be prepping to launch virtual items tied to its products. The firm filed three trademark applications with the United States Patent and Trademark Office (USPTO) that describe “downloadable virtual goods” featuring “footwear, clothing, sports bags, sports equipment, and accessories for…
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The biggest non-fungible token (NFT) marketplace, OpenSea, increased its valuation almost ninefold in six months as it raised USD 300m to fund four of its expansion goals. The company said it was valued at USD 13.3bn in a Series CE funding round, led by Paradigm and Coatue among other new and existing investors. In…
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The crypto world has reacted with a mixture of shock, mirth, and incredulity after the former First Lady of the United States Melania Trump took to Twitter to, as some media outlets put it, apparently “shill” bitcoin (BTC) on the anniversary of Bitcoin Genesis Block Day…. Read More: Crypto Community Stumped After Melania Trump…
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After a record-breaking year in 2021, the market for non-fungible tokens (NFTs) is still not showing any signs of slowing, with NFT marketplace OpenSea seeing one of its best days on record on Monday, and sales of the popular Bored Ape Yacht Club collection crossing the USD 1bn mark…. Read More: OpenSea Sees Massive…
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