Tag: NFT

Azuki ‘Elementals’ Mint Mishap Is a Reminder of the Precarious State of the NFT Market

Last Friday, the Azuki team held a token-gated event in Las Vegas called “Follow the Rabbit,” where they airdropped a portion of the unrevealed Elemental NFTs to holders in attendance. On Monday, the team announced details of the mint, explaining that the remaining Elemental NFTs would be sold in 10-minute rounds – first to holders of Azuki NFTs, then to BEANZ holders and then to the general public. The sale was meant to be held Dutch auction style, where the price of the NFTs would begin at 2 ETH and…

You Can Now Show ‘Proof of Work’ History Through Coordinape’s Soulbound NFT

“We think that work history will live on-chain for digital communities and digitally native organizations (like DAOs), as a record of provable interactions between individuals, teams, orgs, etc.,” said Zemm. “For contributors using Coordinape, this is an early primitive that we think can add to the space and story of someone’s work and collaborations, and in a manner that will become more sovereign and provable than has been done before.” Source

Yes, the Secret Service has an NFT collection, and no, it’s not for sale

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The United States Secret Service has finally shed more light on its bizarre nonfungible token (NFT) collection sitting on OpenSea.  The NFT collection was first revealed during a Reddit AMA on May 16, where agents answered questions from members of the r/cryptocurrency subreddit about their involvement in crypto and blockchain tech. Until this time, not much of an explanation was provided about the NFT collection or why it exists. Speaking to Cointelegraph, agents from the Secret Service’s San-Francisco field office, known as the “Digital Asset Technology Alliance” (DATA) Squad, said…

MetaBirkins NFT Maker Banned From Selling Birkin-Based Collectibles

“As the jury expressly found, Rothschild, a self-described ‘marketing strategist,’ purposely sought (with some success) to confuse consumers into believing that his non-fungible tokens (‘NFTs’), labeled ‘MetaBirkins…’ were affiliated with Hermès’ iconic ‘Birkin’ trademarks,” Judge Rakoff wrote in a filing on Friday. Source

NFT Project Azuki Releases ‘Azuki Elementals’ Collection

The sale, which opens Tuesday as a Dutch Auction, will start at 2 ETH, (roughly $3,800) and will first be available to holders of Azuki NFTs or BEANZ – another Azuki derivative collection. Every five minutes, the price will fall by 0.1 ETH, or $187, until all 10,000 of the remaining Elementals NFTs have been sold. Source

Judge grants Hermès request to halt all ‘MetaBirkin’ NFT sales

boss

French luxury fashion house Hermès International has notched another win in its infringement case against artist Mason Rothschild, after a Manhattan judge ordered a permanent injunction on all “MetaBirkin” non-fungible token sales. Hermès initially submitted the request to the Southern District of New York in March to block all sales of the MetaBirkin NFTs. Manhattan-based U.S. District Judge Jed Rakoff officially granted the request on June 23, as he offered a skeptical take on Rothschild’s defense against Hermès’ suit, while questioning Rothchild’s continued marketing of the project. “[The] defendant’s entire…

Another NFT Influencer Was Accused of Stealing Art for Upcoming NFT

On the eve of her NFT drop on Wednesday, pseudonymous digital artist and researcher Elena was accused of plagiarizing artistic assets in her collection. Elena, who amassed a following of nearly 90,000, previously described herself as the “researcher in residence” at blue-chip NFT collection Azuki, though that designation has since been wiped from her Twitter page. Source