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The Latest Breaking News from NFT

Techscape: NFTs were meant to change everything – what happened?

In this week’s newsletter: in early 2022 ‘non-fungible tokens’ were a supposedly revolutionary million-dollar asset. Now, they’re practically worthless

The Guardian - UK

Ubisoft is on the NFT sauce again: A new partnership with Web3 platform Immutable aims to create 'a fresh new experience that players will love'

Ubisoft's own Quartz NFT initiative may not be up to much, but the company is clearly still enamored with the idea of 'digital ownership.'

PC Gamer

Days after laying off 50% of their staff, OpenSea executives are talking strategy at a $9 million mansion once owned by Katy Perry and Russell Brand

OpenSea’s newest vision for its NFT marketplace includes many buzzwords. What do they mean? “I wish I knew,” a source familiar with the matter told Fortune.

Fortune

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Bored Ape NFT creators downplay complaints harmful UV light at their 'Apefest”' party seared owners’ eyeballs

Fewer than 1% of attendees suffered temporary damage to their eyes, claims the creator behind the second most valuable NFT collection.

Fortune

Bored Ape owners suffer eye and skin injuries from UV lighting at a weekend NFT festival: 'Had so much pain and my whole skin is burned'

Numerous attendees of the ApeFest Hong Kong even this past weekend complained of severe eye pain and difficulty seeing after the closing concert.

PC Gamer

OpeaSea and NFTs used to be red-hot—not these days

The flagship company of the NFT sector looks like it may be out of ideas to force a turnaround.

Fortune

For artists to earn better compensation from NFTs, there needs to be more trust in Web3

OpenSea is sunsetting mandatory royalty fees because it said there wasn't enough buy-in from the 'Web3 ecosystem.'

Fortune

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Dogelon Mars Surges 7% In 24 Hours, Outperforming Dogecoin And Shiba Inu

Inspired by Elon Musk's Mars ambitions and Dogecoin, Dogelon Mars gains momentum with NFT collection

Zenger

Game Of Silks Raises $5M, Hits $10M Funding Milestone For Fantasy Horse Racing NFT Platform

Blockchain intelligence firm Messari reports lowest Q3 fundraising in three years for crypto sector.

Zenger

Promotion of crypto assets in sport poses risks to clubs and fans, MPs warn

The Culture, Media and Sport Committee is recommending the Government take steps to reduce the risk to those who deal in NFTs and other crypto assets

The Independent UK

FloorDAO Schism Highlights Challenges In NFT Finance Projects

Disagreements over treasury transfers lead to the emergence of new faction FloorkDAO

Zenger

BreederDAO Offers Customization Services For NFT Characters In Play-to-Earn Games

Startup leverages AI and NFTs to enhance gaming experiences and empower players in the digital realm.

Zenger

Doge Meme Community Collaborates With Local Government For Physical Statue Of Kabosu

NFT Community Plans Statue for Doge Meme Inspiration in Partnership with Japanese Government

Zenger

Ben Leventhal’s latest food-focused startup just raised $24 million to put restaurants’ customer data on the blockchain

The company uses NFTs and crypto tokens to attract repeat customers.

Fortune

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The Conversation

Are NFTs really dead and buried? All signs point to 'yes'

Non-fungible tokens (NFTs) are in dire straits. With the market in a severe downturn, it’s safe to assume the NFT bubble has well and truly burst.

The Guardian - UK

What were NFTs? An understandable internet fad, and the next one is just around the corner

We only loved non-fungible tokens in a pandemic peak of online loneliness, says the writer and author Joel Golby

Zenger

NFT Marketplace Rarible Partners With Mantle Network For Cross-Chain Trading

Rarible launches Mintle, a secondary NFT marketplace on Ethereum Layer 2 network Mantle Network

Zenger

Paris Saint-Germain Teams Up With Crypto.com For AI-Generated NFT Match Posters

PSG partners with Crypto.com to develop limited edition NFT match posters using generative AI

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The Guardian - US

The vast majority of NFTs are now worthless, new report shows

Two years after tech trend that swept up artists and celebrities, researchers estimate 23 million people hold worthless investments

The Guardian - US

Takashi Murakami on failed NFTs and making art during Covid: ‘I got deep into crypto’

The Japanese artist’s solo exhibition in San Francisco spans three decades of his work, including his tryst with flopped NFTs

Fortune

SEC says NFTs sold by Mila Kunis’s ‘Stoner Cats’—a web series featuring Ashton Kutcher and Jane Fonda—are unregistered securities

This is the second charge the SEC has brought against an NFT creator in the past month.

Fortune

$690,000 hack of Vitalik Buterin’s X account includes theft of $244,000 CryptoPunk NFT

The account reportedly was hacked to promote a fake free NFT that proved to be a scam.

Fortune

The bizarre death of the Creator League

The online video game tournament had enlisted top streamers. But when they found out about a crypto connection they went ballistic.

Fortune

Former OpenSea employee withdraws bail request and will start serving 3-month sentence for NFT ‘insider trading’

Nate Chastain was convicted of one count each of wire fraud and money laundering.

Fortune

In a first, the SEC says NFTs offered by an L.A.-based entertainment firm are securities. Here’s how that could ripple throughout the industry

The case could expand the agency’s view over which types of cryptocurrencies fall under its jurisdiction.

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