NFT & Crypto Updates

2023-09-14 10:02:57 Skoda Auto India Enters Web3 And Sells 128 NFTs With Skodaverse Initiative

Skodaverse India has taken its first steps into the world of Web3 with the successful sale of 128 unique NFTs, or Non-Fungible Tokens. These NFTs, which the company says represent a blend of automotive innovation and artistic expression, were swiftly purchased within a mere 128 minutes (or a little over two hours). Each NFT is designed to be a personalised piece of artwork that pays homage to Skoda's 128-year history. These NFTs were offered at a price of Rs 5,000. Moreover, the brand says, the NFTs were made on the NEAR Protocol, a project recognised for its commitment to carbon neutrality and certified by the South Pole. Owners of these Skodaverse NFTs enjoy several benefits, including customised merchandise featuring their unique NFT art, exclusive automotive accessories, access to Skoda events, and even a free airdrop of the next NFT as a token of appreciation. Christian Cahn von Seelen, Executive Director, Sales, Marketing, and Digital, Škoda Auto Volkswagen India, said, “ Skodaverse India is not just about cars; it is about creating an immersive experience for our customers.

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2023-09-14 04:02:57 SEC goes after Stoner Cats NFT show known for Ashton Kutcher and Jane Fonda

The Securities and Exchange Commission charged Stoner Cats 2 LLC with conducting an unregistered offering of nonfungible tokens that brought in $8 million from investors. "Here, the SEC’s order finds that Stoner Cats marketed its knowledge of crypto projects, touted that the price of their NFTs could increase and took other steps that led investors to believe they would profit from selling the NFTs in the secondary market," Grewal said. "Regardless of whether your offering involves beavers, chinchillas or animal-based NFTs, under the federal securities laws, it’s the economic reality of the offering – not the labels you put on it or the underlying objects – that guides the determination of what’s an investment contract and therefore a security," Gurbir S. Grewal, the SEC’s director of its enforcement division, said in a statement on Wednesday. Stoner Cats 2, or SC2, sold out more than 10,000 NFTs for about $800 each in just 35 minutes. Before and after the NFTs were sold to the public, SC2 marked certain benefits of owning them, including the ability to resell the NFTs on the secondary market, the SEC said.

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2023-09-13 20:50:50 Ian Curtis’ Voice Merges With ‘Unknown Pleasures’ Pulsar in Joy Division NFT

AN NFT CELEBRATING Joy Division’s wavy Unknown Pleasures artwork will include previously unheard vocal samples from the band. The new piece renders the pulsar from the cover as audio, which is then merged with the voice of the late frontman, Ian Curtis. Peter Saville, the Factory Records co-founder and visual artist who designed the iconic sleeve, worked with Joy Division and New Order drummer Stephen Morris and the Joy Division Archive on the project, called CP1919. The project features two distinct artworks. CP1919: Sweeping Sun White 2023 and CP1919: Sweeping Sun Black 2023 show the art in their respective monochromatic makeups. White is an open edition with an unlimited number of copies; it includes previously unreleased Joy Division vocal samples and sounds. Black is one of a kind and features an ambient soundtrack including never-before-released Joy Division vocal fragments. The latter will be delivered on a hard drive in a bespoke case. “The weirdest thing about it was putting Ian on it,” Morris said in a video promoting the project. “[It] felt very, very strange. I found these two little phrases from the live version of [Closer’s] ‘Atrocity Exhibition.’ … I just lucked out that there was a bit of Ian that probably nobody had heard before.

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2023-09-13 16:02:57 NFT Gaming Company Announces that ‘Brawl Bots’ has Been Approved by Apple App Store and Google Play Store

The NFT Gaming Company, Inc. ("NFTG" or the "Company"), a company developing a digital gaming platform and community that will offer users the ability to create unique avatars playable in all of the games on the platform in the form of non-fungible tokens, or “NFTs,” today announced that its second completed game, Brawl Bots has been approved for publishing by both the Apple App Store and Google Play. The game, which is expected to be released shortly, immerses users in high-octane battles in real time against other players. Gaxos is an innovative multi-genre gaming platform that utilizes NFT technology and AI to provide an immersive universe teeming with a broad array of casual games. Each game on the platform is a unique star within the Gaxos constellation, providing a unique gaming experience where achievements and experience points are tied to your avatar, which can be progressively leveled up as you engage in all the experiences the platform has to offer. All statements other than statements of historical fact in this announcement are forward-looking statements that involve known and unknown risks and uncertainties and are based on current expectations and projections about future events.

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2023-09-13 10:02:57 SokuNFT: First Affiliate NFT Marketplace Allowing Sellers to Set Referral Fees and Shifting Marketing Costs Post-Sale

The world of Non-Fungible Tokens (NFTs) is currently undergoing a significant transformation, reshaping conventional notions of digital ownership and value. NFTs have surged in popularity, influencing a broad spectrum of industries, including art, collectibles, music, and gaming. Amid this digital evolution, a notable innovation poised to further reshape the NFT landscape is the Affiliate NFT Marketplace. SokuNFT, a prominent entity in the NFT ecosystem, was founded with the vision to redefine digital asset ownership and commerce. While NFT marketplaces experienced exponential growth, there remained unexplored terrain – integrating affiliate marketing seamlessly into the NFT realm. The inception of SokuNFT marked a significant development. It was driven by the vision to empower users not just as NFT owners but as participants in the earning process. This vision led to the creation of the world's first Affiliate NFT Marketplace. • Accessible Income: Affiliates can generate substantial earnings through the Affiliate NFT Marketplace without requiring formal education, certification, or significant upfront investment.

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2023-09-13 04:02:57 CNA Insurance excludes NFTs from coverage of $20M trust policy

CNA Financial, the seventh-largest commercial insurer in the United States, has excluded nonfungible tokens (NFTs) coverage from Schwab Strategic Trust’s policy worth $20 million. In a filing submitted to the U.S. Securities and Exchange Commission, the insurer attached an exclusion to the document, mentioning that the bond does not cover any “loss, damage, claim, occurrence, or suit related to NFTs.” With the section attached to the policy, any losses related to NFTs will not be covered by the insurer. NFTs gained popularity in the bull market of 2021, with various celebrities and companies jumping on the trend. However, a couple of years later, NFTs showed a steep decline in terms of their prices and trading volume. On Aug. 3, NFTs showed a drop in terms of gas usage, signaling a shift in the landscape. Despite the drop in interest in NFTs, some celebrities and businesses continue to dive in. On Sept. 4, soccer star Cristiano Ronaldo said that he planned to release more NFTs in the future while being put through a lie detector test. The lie detector test was done to celebrate the launch of his second NFT collection with crypto exchange Binance.

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2023-05-22 10:03:01 FIRST RGB-POWERED NFT MARKETPLACE LAUNCHES AT BITCOIN 2023

DIBA, the first Bitcoin NFT marketplace utilizing RGB smart contracts, has officially launched on mainnet. According to a press release sent to Bitcoin Magazine, the platform also introduces BitMask, an exclusive Bitcoin-only wallet capable of storing unique digital assets (UDAs) such as music and art. The UDAs will be hosted on high availability storage and cloud services provided by Hut 8, a publicly traded bitcoin miner in North America. DIBA aims to bring Bitcoin utility to the masses by enabling the exchange of UDAs on a decentralized and censorship-resistant network. Notable bitcoin investors, including Tim Draper of Draper Associates and Bill Tai of ACTAI Unicorn Fund, support the venture. Gideon Nweze, founder and CEO of DIBA, expressed his excitement about the launch, stating, "This marks a major milestone in the transition of the internet onto Bitcoin." Tim Draper also commended DIBA's innovative approach, emphasizing the potential of NFTs on Bitcoin. He said, "What Gideon and the team at DIBA have built is a testament to the potential NFTs on Bitcoin hold in capturing the creative and sovereign spirit of this next generation."

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2023-05-22 04:03:02 Influencer served settlement demand via NFT following $7M token presale

A nonfungible token (NFT) influencer has been served with a settlement demand via an NFT — which casually dropped the “F-bomb” several times — alleging that the influencer engaged in wire fraud “at a minimum” on a recent $7 million token presale. On May 20, Mike Kanovitz, a partner at law firm Loevy & Loevy, stated in a tweet that a settlement demand letter had been served as an NFT to the wallet address associated with the influencer known as Ben.eth, whose real identity remains undisclosed. Ben.eth “used a manipulative launch strategy” for the Psyop (PSYOP) token, which raised $7 million in its initial presale over 72 hours. The concerns revolved around how the liquidity pools (LP) were structured and how the tokens “trickled out” after the presale. Shortly after the letter was published on Twitter, Ben.eth tweeted that 50% of the tokens had been sent out and “the rest will be sent in short order.” “At a minimum, you would be guilty of wire fraud, which is a predicate act for racketeering and the basis for a treble damages award against you ($7 million becomes $21 million),” the letter stated. he warned of a potentially “painful” process for Ben.eth if the letter is not complied with.

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2023-05-21 21:03:02 Influencer served settlement demand via NFT following $7M token presale

A nonfungible token (NFT) influencer has been served with a settlement demand via an NFT — which casually dropped the “F-bomb” several times — alleging that the influencer engaged in wire fraud “at a minimum” on a recent $7 million token presale. On May 20, Mike Kanovitz, a partner at law firm Loevy & Loevy, stated in a tweet that a settlement demand letter had been served as an NFT to the wallet address associated with the influencer known as Ben.eth, whose real identity remains undisclosed. Ben.eth “used a manipulative launch strategy” for the Psyop (PSYOP) token, which raised $7 million in its initial presale over 72 hours. The concerns revolved around how the liquidity pools (LP) were structured and how the tokens “trickled out” after the presale. Shortly after the letter was published on Twitter, Ben.eth tweeted that 50% of the tokens had been sent out and “the rest will be sent in short order.” “At a minimum, you would be guilty of wire fraud, which is a predicate act for racketeering and the basis for a treble damages award against you ($7 million becomes $21 million),” the letter stated. he warned of a potentially “painful” process for Ben.eth if the letter is not complied with.

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2023-05-21 16:03:01 Bankrupt crypto hedge fund 3AC’s NFT auction fetches $2.5M

The auction for parts of bankrupt Singaporean cryptocurrency hedge fund Three Arrows Capital’s (3AC) nonfungible tokens (NFT) collection fetched $2.5 million at its conclusion on May 19. Facilitated by fine arts broker Sotheby’s, collectibles on sale included Tyler Hobbs Fidenza #725, Larva Labs Autoglyph #187 and Tyler Hobbs Fidenza #861. The highest sale amount was Tyler Hobbs Fidenza #725 at $1 million. In response to the news, Kyle Davies, co-founder of 3AC. At the same time, fellow co-founder Su Zhu said, “Sent a few of them the Sothebys auction results, and the response is *crickets*” in response to journalist inquiries on the liquidity of the NFTs. At the commencement of the auction, Zhu quoted English poet Alfred Tennyson: “[Tis] better to have loved and lost than to have never loved at all” as a response to the sale. The NFTs were recovered by liquidators of 3AC after the hedge fund filed for bankruptcy in July 2022. At its peak, 3AC’s estimated assets under management reached $10 billion before being hit hard by the ongoing cryptocurrency bear market. The firm reportedly owes creditors a total of $3.5 billion.

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