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2022-05-23 14:21:02 Celebrity-endorsed NFTs leave some investors ‘financially crippled’

Mayweather, a boxing legend, had already served as Tyler’s “biggest inspiration” in his martial arts training. But Tyler was also looking for investment opportunities and figured Mayweather, who often calls himself “Money May,” was worth listening to.

Tyler, 35, a property manager whose family runs a small Miami-based trucking company, said he put together about $12,000 with the help of his mother and bought the nonfungible tokens, or NFTs, digital tokens that convey ownership of digital images. In this case, the project was a series of images of rabbits similar in nature to the popular Bored Ape Yacht Club images that helped fuel a boom in NFT art projects.

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2022-05-22 12:53:02 OpenSea launches 'Seaport' marketplace protocol allowing NFT bartering

“OpenSea does not control or operate the Seaport protocol — we will be just one, among many, building on top of this shared protocol,” said the platform.Nonfungible token marketplace OpenSea has announced the launch of a Web3 marketplace protocol for “safely and efficiently buying and selling NFTs.”

In a Friday blog post, OpenSea said the marketplace protocol, dubbed Seaport, will give users the option to obtain NFTs by offering assets other than just payment tokens like Ether (ETH). According to the platform, a user “can agree to supply a number of ETH / ERC20 / ERC721 / ERC1155 items” in exchange for an NFT, implying bartering a combination of tokens as a method of payment.In addition, SeaPort users can specify which criteria — e.g. certain traits on NFT artwork or pieces part of a collection — they want when making offers.

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2022-05-21 21:44:53 Bored Ape NFT Barred From Sale by Singapore Court After Dispute

A court in Singapore has issued a freezing injunction preventing the sale of a Bored Ape nonfungible token, in one of the first cases of its kind that could have broad ramifications for digital assets.

The NFT, from the famed Bored Ape Yacht Club series, shouldn’t be sold pending the resolution of an ownership dispute after it was foreclosed on as collateral for a loan, a court said. The law does recognize both fungible and non-fungible tokens as a form of property to which court injunctions can attach,

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2022-05-21 16:22:02 OpenSea Disables Trading of BAYC NFT Due to Singapore Court Action

The increase in trading activity and upward trend in NFT prices also fueled a rise in illicit activity. Governments responded to rising illegal activity, with the UK calling for greater regulatory oversight, not just of cryptos, but also NFTs. US lawmakers also responded, by clamping down on illegal activity.

With a global regulatory framework yet to be in place, however, illegal activity remains a bugbear for NFT collectors and lawmakers.This week, the Singapore Courts delivered a message to those thinking NFTs are beyond the realms of the law.The NFT owner, Janesh Rajkumar, managed to get a Singapore High Court worldwide injunction to freeze the sale and the ownership transfer of the Ethereum (ETH) based Bored Ape Yacht Club NFT.

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2022-05-20 15:51:02 Celebrity Cruises launches first-ever NFT collection

Celebrity Cruises , known for next-generation ships at the intersection of architecture and design, is riding the wave of the future of art with its first foray into non-fungible tokens (NFT).Additionally, a variation of these NFTs titled “Peacemakers, Blue Sky” can be found onboard Celebrity Beyond, making it the very first NFT at Sea.

In partnership with acclaimed artist Rubem Robierb, a longstanding featured artist with the cruise line, Celebrity has launched the Peacemakers Sunset NFT collection, complementing Robierb’s powerful Peacemakers sculpture featured on its brand new ship, Celebrity Beyond. Each NFT includes two money-can’t-buy invitations to the ship’s exclusive naming ceremony and sailing in Fort Lauderdale, 4th - 6th November.

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2022-05-20 13:36:06 Offline transaction in #BTC using the #Lightning network (no Visa, Mastercard or barcodes)

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2022-05-19 22:06:52 Solana Users Now Have Access to an On-Chain Social NFT Network

Holaplex, a leader in open-source, community-owned technology, has launched its decentralized Web3 NFT social network for users on Solana. Unlike closed-source, centralized Web2 social media companies, Holaplex is providing an open standard that secures social information on-chain with permissionless.

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2022-05-19 19:02:04 UAE's first metaverse wedding to take place tomorrow

Florian Ughetto and Liz Nunez are creating history by being the first couple in the UAE to get married in metaverse later on May 19. The event which will be attended by close family and friends of the couple will be held in Decentraland.Dressed in a swanky, customized black and brown suit and a beautiful white dress purchased off the largest NFT marketplace Open Sea for approximately $100.

Along with them will be 20 of their closest friends and family, who will join them in the metaverse from the comfort of their own homes. They will exchange vows followed by speeches by the best man and maid of honour. Then, the small group will head off to an unknown location in the metaverse to party the whole night away.The couple are really excited about their wedding which is scheduled to be held on May 19, 2022. “We have had several practice runs,” Florian said.

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2022-05-18 15:10:02 Fireblocks pushes into NFT custody and web3 developer tools

The new portal will unlock secure access to the world of decentralized applications, exchanges and NFT marketplaces for alternative asset managers and capital markets participants, the company said in a release on Tuesday. Fireblocks currently serves more than 1,200 financial institutions.

With this development, it will also offer custody of NFTs and launch a tokenization engine for managing the full lifecycle for whitelisting, minting, burning and token transfers.The new suite of products is aiming to net business from gaming studios, NFT services and financial institutions building products for web3.It currently serves companies such as Animoca, Stardust, MoonPay, Xternity Games, Griffin Gaming, Wirex, Celsius and Utopian Labs.

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2022-05-17 18:49:02 Spotify starts trialing NFTs on its platform, Music Ally reports

The latest tech company to jump on the NFT bandwagon, Spotify waded into the web3 world earlier this month with the May 3 launch of "Spotify Island" on Roblox. Starting with a single pilot group of artists, among them Steve Aoki and The Wombats, Spotify will now test NFTs on the platform to specially selected users based in the US.

They will not sell NFTs directly, however, as users will need to tap through to an external marketplace to make purchases. Spotify has said it will not take a cut of the sales as part of the test.Rumors that Spotify was interested in entering web3 have been circulating since March when the company posted two job ads for working with early-stage web3 projects. The latest news comes just days after Meta announced it too would start testing digital collectibles and NFTs on Instagram.

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