Tag: NFT

French Luxury Brand Hermes Wins NFT Trademark Infringement Lawsuit – Featured Bitcoin News

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French luxury brand Hermes has won a lawsuit against an artist who depicted its famous Birkin bags in a non-fungible token (NFT) collection. The artist argued that NFTs should be covered under the U.S. Constitution’s First Amendment but the jury disagreed. Hermes Wins Lawsuit Against ‘Metabirkins’ NFT Creator French luxury design house Hermes has won a lawsuit against Mason Rothschild, the artist behind the “Metabirkins” non-fungible token (NFT) collection which features digital depictions of Hermes’ popular Birkin bags. Rothschild created the Metabirkins NFT collection in 2021, which he described as…

Ethereum NFT collections lost nearly 60% of their market cap in 2022: Report

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A survey of 81 nonfungible token (NFT) collections on the Ethereum blockchain showed a sharp overall loss in market capitalization in 2022, according to a report from DappRadar released Feb. 9. Losses were not evenly distributed, however. The Ethereum NFT market was worth $9.3 billion at the beginning of 2022, according to DappRadar’s valuation, and that figure dropped to $3.7 billion by year-end — a loss of 59.6%. The price of Ether (ETH) impacted the valuations: “It is also important to consider that ETH lost 60% of its value last…

NFL Rivals Game Adds QBs Hurts, Mahomes to NFT Lineup Ahead of Super Bowl

Nonetheless, Mythical aims to garner hype around its upcoming game with new player cards. The presale opens to holders of the unique Rarity League collection on Thursday, followed by a public sale Friday. The 1,000-unit collection of NFTs for the Super Bowl players are sold in a pack of three and retail for $49. Source AddsAheadBowlGameHurtsLineupMahomesNFLNFTQBsRivalsSuper CryptoX Portal

Hermès Wins Trademark Lawsuit Against MetaBirkins NFTs, Setting Powerful Precedent for NFT Creators

CryptoX – Cryptocurrency Analysis and News Portal David Leichtman, Leichtman Law managing partner, told CryptoX TV on Tuesday that the case wasn’t necessarily about Mason Rothschild’s use of the protected Birkin brand. Rather, it was about whether he intended to mislead consumers into believing the MetaBirkin NFTs were associated with Hermès’ flagship product. Source The post Hermès Wins Trademark Lawsuit Against MetaBirkins NFTs, Setting Powerful Precedent for NFT Creators appeared first on CryptoX. CryptoX Portal

Justin Aversano makes a quantum leap for NFT photography – Cointelegraph Magazine

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Artist name: Justin AversanoLocation: Los AngelesDate minted first NFT: Feb. 15, 2021Which blockchains? Ethereum Bio: Unintentionally, the healing process of losing his twin sister at birth sparked Justin Aversano’s career to become the poster child for NFT photography. His most famous collection, “Twin Flames,” has 5,900 ETH in total sales volume on OpenSea and multiple million-dollar sales, including one auctioned at Christie’s.  A multidisciplinary artist with a great eye and passion for photography, Aversano’s journey into NFTs started with a trip to Peru to work with local shamans to try…