DraftKings was sued by the NFLPA for $65 million for using player images without permission DraftKings has reached a settlement with the NFL Players Association (NFLPA) after being accused of failing to pay for using NFL player likenesses in non-fungible tokens (NFTs). The two parties informed a New York federal judge on January 27 that
NFTs produced $158 million in sales for the third week of November The NFT market continues to show resilience despite slight dips in weekly sales, highlighting sustained interest in digital collectibles. Recent data from CryptoSlam revealed that NFTs generated $158 million in sales during the week ending November 24. While this figure represents a 12.7%
Two commissioners aren’t happy with a recent enforcement action by the watchdog Two commissioners from the US Securities and Exchange Commission (SEC) have openly criticized the agency’s settlement with Flyfish Club, a restaurant project that sold NFTs as memberships. Flyfish Club agreed to pay $750,000 as part of a settlement over allegations that it conducted
The decision is one of the first where law enforcement uses NFTs to communicate The FBI is taking an innovative approach by utilizing non-fungible tokens (NFTs) to contact victims of a crypto fraud scheme tied to the fraudulent CluCoin project. This marks one of the first instances where law enforcement will use NFTs as a
GameStop has battled to stay solvent for years and isn’t finding solid ground with NFTs GameStop has alerted its users that it will be phasing out its nonfungible token (NFT) marketplace in February due to uncertainty about its regulation. In a declaration on GameStop’s website, the gaming retailer informed users that they have just over
Impact Theory allegedly offered unregistered securities through its promotions The US Securities and Exchange Commission (SEC) has charged media and entertainment company Impact Theory with executing sales of unregistered securities when the company sold investors nonfungible tokens (NFTs) from October through December 2021. A Los Angeles-based entertainment and educational production company, Impact Theory allegedly raised
This will be the fourth generation of Reddit-linked NFTs launched to the world Even though the NFT (non-fungible token) industry is in a slump, Reddit keeps attracting new owners of digital collectibles created on the blockchain. It has announced that it will release its new series of collectible avatars on July 26, per an official
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