Tag: NFT

Bluechip NFT project Moonbirds signs with Hollywood talent agents UTA

boss

The NFT-focused company was founded by early-stage Facebook and Twitter investor Kevin Rose, and designer Justin Mezzell in February 2022. The company also has the Proof Collective and Oddities NFT collections in its catalog. Announcing the move via Twitter on Jan. 6, Rose suggested that the goal of the deal is to get the Moonbirds brand known on a “global” mainstream scale, as opposed to just being recognized as a big hitter in the Web3 space. “What does UTA bring to the table? They are 1,400 people strong, with divisions…

NFT project accepted $3M to move its collection to Polygon

boss

The team behind y00ts and DeGods were paid $3m to move their collections off Solana and onto Polygon, according to a January 6 announcement from the company. The statement was made on Discord and copied to Twitter by Frank III, founder of the two projects. Here is a screenshot of our latest @y00tsNFT Discord announcement. pic.twitter.com/qWxjBsexv6 — Frank III (@frankdegods) January 6, 2023 The developers had previously announced on Dec. 27 that the projects would be moving to Polygon. This was widely seen as a possible death blow to the…

NFT Steez and Lukso co-founder examine the implications of digital self-sovereignty in Web3

boss

Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Currently, there are two types of digital identities. One is federated and centralized whereby data is in the control of the service provider. Self-sovereign digital identity is often cited as a human right that can reclaim agency using blockchain technology, but what frameworks exist that aid in governing it? On this episode of NFT Steez met Marjorie Hernandez, the co-founder of LUKSO and The Dematerialized to discuss the state of blockchain-based…

Industry seeks solutions for NFT image-hosting disasters

boss

The image-hosting aspect of nonfungible tokens is in need of major improvements. First, people saw NFTs on FTX break after it declared bankruptcy. More recently, NFTs on the marketplace Magic Eden showed some questionable images instead of their actual thumbnails.  As the problem continues to persist, Cointelegraph reached out to various industry executives to get their thoughts on how NFT projects can solve the issue. NFT marketplace Magic Eden showing pornographic images. Source: Twitter From using dependable blockchains to exploring the storage technologies available in the Web3 space, various executives working…

Mutant Ape Planet creator arrested in NY for alleged $2.9M NFT ‘fraud’

The developer of a Mutant Ape Yacht Club knock-off collection — Mutant Ape Planet — has been arrested in New York, charged with allegedly “defrauding” investors of $2.9 million in a “rug pull scheme.” The arrest took place on Jan. 4 at the John F. International Airport in New York, with homeland security agent Ivan J. Arvelo alleging that French national “Aurelien Michel perpetrated a rug pull scheme” and stole “nearly $3 million from investors for his own personal use,” stating: “Purchasers of Mutant Ape Planet NFTs thought they were…

Mutant Ape Planet creator arrested in NY for alleged $2.9M NFT ‘fraud’

boss

The developer of a Mutant Ape Yacht Club knock-off collection — Mutant Ape Planet — has been arrested in New York and charged with defrauding investors of $2.9 million in a “rug pull scheme.” The arrest took place on Jan. 4 at John F. Kennedy International Airport in New York, with homeland security agent Ivan J. Arvelo alleging that French national “Aurelien Michel perpetrated a rug pull scheme” and stole “nearly $3 million from investors for his own personal use.” He added: “Purchasers of Mutant Ape Planet NFTs thought they…

Fanatics to Sell 60% of Candy Digital Stake Amid Struggling NFT Market – Bitcoin News

boss

Fanatics, the retailer specializing in licensed sports merchandise, is divesting 60% of its stake in the non-fungible token (NFT) company Candy Digital, according to reports. The company is selling its Candy Digital stake to an investor group associated with billionaire Mike Novogratz and his firm, Galaxy Digital. Report Says Sports Retail Giant Fanatics to Sell Majority of Candy Digital Stake After a rough 2022 in the non-fungible token (NFT) industry, licensed sports merchandise firm Fanatics has decided to sell 60% of its Candy Digital shares, according to a CNBC report…

China’s NFT market, Moutai metaverse popular but buggy… – Cointelegraph Magazine

boss

After a one-year hiatus, Our Man in Shanghai returns, but he’s no longer based in Shanghai (the crypto crackdown was a factor in the column’s retirement), so a rebranding is in order. This space is now called “Asia Express,” and it’s a weekly roundup of news from mainland China and Taiwan and the rest of Asia too. Check in each Friday for news about Asia’s more influential projects, changes in the regulatory landscape and enterprise blockchain integrations. Much has changed since the last edition on Dec. 17, 2021. Without further…