Mia Patel
OpenSea faced a serious blow to its reputation when a federal grand jury found one of its top executives guilty of insider trading and money laundering. Nathaniel Chastain, who served as the Head of Product for OpenSea, has been sentenced to three months in prison in what marks...
In a move that has sent shockwaves through the NFT community, OpenSea has announced its decision to stop collecting royalty fees on behalf of NFT creators. This decision has led Yuga Labs, the creator of popular NFT collections like Bored Ape Yacht Club and CryptoPunks, to block the...
Non-fungible tokens (NFTs) have emerged as a novel way for artists to monetize their work, with the promise of receiving a cut every time their piece is resold. However, this promise appears to be fading. OpenSea, once the largest NFT marketplace enforcing royalty fees, has announced a significant...
In a move that aligns with the growing interest in NFTs, McDonald’s has announced its foray into the NFT world with a unique giveaway. The fast-food giant is set to offer 2,000 NFT collectibles featuring the iconic character Grimace in Singapore. This initiative, starting August 21, is developed...
Sotheby’s, the renowned international auction house, has been named as a defendant in an ongoing lawsuit filed by a group of investors against Web3 company Yuga Labs, the creators of the popular Bored Ape Yacht Club (BAYC) collection. The lawsuit, which originally targeted Yuga Labs alone, has been...
Chinese law enforcement agencies are stepping up their measures to combat fraud and data theft within the Web3 sector, responding to a surge in incidents involving personal identity thefts and digital financial crimes. These efforts come as authorities are grappling with the challenge of addressing fraudulent activities that leverage...
NFTs have transformed the way we perceive ownership and value in the digital world, enabling creators to monetize their digital assets like never before. A key aspect of this monetization has been the concept of royalties, wherein creators earn a percentage of each subsequent sale of their NFT. However, recent...
Coinbase is gearing up to launch “Base,” a layer-two (L2) Ethereum chain built on the Optimism framework, on August 9th. Base represents a significant step towards addressing the blockchain trilemma, a challenge that revolves around balancing scalability, security, and decentralization in blockchain networks. As a layer-two solution, Base aims to...
Starbucks launches its latest NFT collection, The Green Apron. The collection is set to be released as part of Starbucks Odyssey, the company’s loyalty and rewards program.It serves as a tribute to Starbucks’ rich history and the dedicated baristas who have been serving customers for over half a...
The British Museum plans to enter the metaverse through a partnership with The Sandbox. The museum plans to create a range of NFT digital collectibles in collaboration with its licensing partner, French startup LaCollection. These NFTs will reflect the breadth and depth of The British Museum’s collections, offering...
