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NFT News
Blockonomi
2w
1k
Image Credit: Blockonomi
FTX Files Lawsuits Against NFT Stars and Delysium Over Undelivered Tokens
- FTX has filed lawsuits against NFT Stars and Delysium (Kurosemi) for failing to deliver tokens owed under investment agreements
- The lawsuits seek return of over 83 million SIDUS, 831,000 SENATE, and 75 million AGI tokens, plus damages
- FTX made multiple attempts to resolve the disputes before turning to litigation
- The legal action is part of FTX’s broader strategy to recover assets for creditor repayments
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27 Likes
Dev
2w
152
Image Credit: Dev
Blockchain, NFTs, and Open-Source in Music Industry: A Harmonious Transformation
- The article discusses how blockchain technology, NFTs, and open-source initiatives are revolutionizing the music industry by addressing issues like copyright disputes and revenue sharing transparency.
- Blockchain facilitates decentralization and transparency, while NFTs create unique digital assets for monetization and fan engagement.
- Open-source projects encourage collaboration and innovation, leading to fairer and dynamic music ecosystems.
- Core concepts include decentralization, smart contracts for automated processes, NFTs for digital ownership, and community-driven open-source development.
- Applications include royalty management through smart contracts, NFT-based monetization for fans, and decentralized funding models like crowdfunding via tokens and open-source music projects.
- Challenges in blockchain integration include scalability, energy consumption, smart contract vulnerabilities, adoption concerns, regulatory uncertainty, and market volatility.
- Future trends encompass enhanced interoperability, AI integration, sustainability improvements, innovative funding models, and global market expansion in the music industry.
- The integration of blockchain, NFTs, and open-source offers a transformative shift towards fairer revenue ecosystems and more engaging fan experiences in the music industry.
- Despite challenges, emerging trends in technology and governance signal a brighter future for blockchain integration in music.
- Overall, embracing these innovations can lead to a more efficient, equitable, and inclusive music industry through collaborative efforts and ongoing research.
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9 Likes
TheNewsCrypto
2w
305
Nike Faces $5M Lawsuit Over Alleged RTFKT NFT Rug Pull
- A group of NFT holders has filed a class-action lawsuit against Nike, accusing the company of conducting a 'rug pull' with its RTFKT platform.
- The lawsuit alleges that Nike promoted sneaker-themed NFTs, profited from sales, and then abruptly shut down the platform, leaving investors with worthless digital assets and substantial losses.
- Plaintiffs claim that the Nike NFTs qualify as unregistered securities under the Howey Test and accuse Nike of violating U.S. securities laws.
- The NFT values plummeted after the promised features such as forging, peer-to-peer trading, and community challenges were scrapped following the shutdown of RTFKT.
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18 Likes
TronWeekly
2w
405
Image Credit: TronWeekly
World Liberty Financial Partners with Pakistan Crypto Council to Boost DeFi
- World Liberty Financial (WLF) and Pakistan Crypto Council (PCC) have partnered to accelerate blockchain adoption and integrate decentralized finance (DeFi) into Pakistan's digital economy.
- The partnership aims to introduce regulatory sandboxes for blockchain financial products, foster stablecoin adoption, and provide advice on global regulatory trends.
- WLF and PCC are working to boost Pakistan's tokenization of real-world assets and enhance financial inclusion through seamless cross-border payments and trade transactions.
- This partnership demonstrates the growing interest from major industry players in Pakistan's crypto market, which could lead to increased blockchain adoption in the country.
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24 Likes
Blockonomi
2w
18
Image Credit: Blockonomi
Nike Faces $5 Million Lawsuit Over RTFKT NFT Platform Closure
- Nike faces a $5 million class-action lawsuit after shutting down its RTFKT NFT platform in January 2025.
- Investors claim Nike executed a “rug pull” by using its brand to promote NFTs then abandoning the project.
- The lawsuit alleges RTFKT NFTs were unregistered securities sold without SEC registration.
- Nike’s Cryptokicks NFTs dropped from around $8,000 in April 2022 to approximately $16 by April 2025.
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1 Like
Crypto-News-Flash
2w
166
Image Credit: Crypto-News-Flash
Ledger And Pudgy Penguins Drop Limited Edition Flex Wallet
- Ledger and Pudgy Penguins launched 1,000 limited-edition Ledger Flex wallet with exclusive collectible designs for Web3 users.
- Pudgy Penguins integrated AI personalization and partnered with LINE FRIENDS to expand their NFT ecosystem.
- Ledger announced collaboration with Pudgy Penguins and launched limited-edition Ledger Flex devices with Pudgy Penguins' signature design.
- Ledger introduced updates and innovations including phasing out Nano S device, releasing Ledger Live update, and integrating MuSig technology in the Bitcoin application.
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9 Likes
Crypto-News-Flash
2w
87
Image Credit: Crypto-News-Flash
Nike Faces Lawsuit After Shutting Down Its NFT Division
- Nike is facing a class-action lawsuit in the Eastern District Court of New York over shutting down its digital asset unit, RTFKT, in December 2024.
- Plaintiffs allege that Nike's RTFKT closure caused the collapse of NFT values and accuse the company of selling unregistered securities without proper disclosure.
- The lawsuit seeks more than $5 million in damages from Nike.
- Despite setbacks, the NFT gaming and digital expansion continues with companies like Futureverse acquiring Candy Digital and various gaming giants exploring NFT integration.
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5 Likes
TheNewsCrypto
2w
396
WLFI Founders and Binance’s CZ Strategize on Crypto Innovation
- WLFI founders met with Binance's co-founder to discuss crypto adoption and innovation.
- World Liberty Financial plans to enter new markets and strengthen global crypto push.
- WLFI signed a Letter of Intent with the Pakistan Crypto Council for blockchain adoption in Pakistan.
- WLFI has purchased $25 million worth of WLFI governance tokens and has over $102 million in crypto assets.
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23 Likes
Livebitcoinnews
2w
213
Image Credit: Livebitcoinnews
Nike Sued for Over $5 Million After NFT Collapse
- Nike is facing a $5M+ lawsuit after shutting down its RTFKT NFT unit.
- Buyers accuse Nike of misleading NFT sales and seek damages exceeding $5 million.
- Current U.S. laws fail to clarify NFTs' status, leading to an increasing number of lawsuits.
- Nike pledges to preserve RTFKT's innovation despite legal challenges.
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12 Likes
Dev
2w
353
Image Credit: Dev
Blockchain's Transformative Potential Across Industries
- Blockchain technology is reshaping industries like digital media, advertising, and sustainable practices, offering decentralization, transparency, and security.
- The post covers blockchain's history, core concepts, features, applications, challenges, and future trends.
- Blockchain emerged in 2009 with Bitcoin, and its applications have expanded beyond cryptocurrencies to areas like digital rights management and secure data sharing.
- Key features of blockchain include decentralization, immutable records, and enhanced security through cryptographic algorithms.
- Core concepts like decentralization, smart contracts, NFTs, and sustainable practices are fundamental to blockchain technology.
- Blockchain has real-world applications in decentralized media platforms, advertising, smart contracts in supply chain and finance, and improving regulatory compliance.
- Challenges faced by blockchain include energy consumption, scalability issues, regulatory uncertainty, security risks, and adoption hurdles.
- Future innovations in blockchain include layer-2 scaling solutions, enhanced interoperability, sustainable practices, increased institutional adoption, and broader NFT applications.
- Blockchain's transformative potential is driven by secure, efficient, and transparent methods for transactions and digital asset management across industries.
- The collaborative ecosystem of blockchain thrives on open source community efforts, with a focus on sustainability and continuous evolution.
- By embracing change, fostering collaboration, and promoting sustainable practices, blockchain technology is poised to redefine industries and drive innovation globally.
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21 Likes
The Verge
2w
104
Image Credit: The Verge
Nike is facing a lawsuit from people who bought its NFTs
- Nike is facing a lawsuit over its decision to wind down its virtual shoe project, RTFKT.
- Buyers of Nike's NFTs accuse the company of selling 'unregistered securities.'
- The proposed class-action lawsuit seeks unspecified damages of over $5 million.
- Nike announced in December 2021 that it planned to wind down RTFKT operations.
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6 Likes
Dev
2w
244
Image Credit: Dev
Exploring the Impact of Azuki Elementals and Elon Musk on NFTs and Cryptocurrencies
- This article explores the impact of Azuki Elementals and Elon Musk on NFTs and cryptocurrencies, diving into their creative spark and influential predictions.
- It discusses the history, technical features, applications, challenges, and future innovations of NFTs and cryptocurrencies.
- Azuki Elementals combine traditional art with blockchain, capturing elemental forces in digital art with intricate designs and storytelling.
- Elon Musk's influence on crypto markets, his market sentiment impact, technological vision, and celebrity endorsements are highlighted.
- A comparison table showcases key features of Azuki Elementals and cryptocurrencies, emphasizing nature, technology, use case, market influencers, and more.
- Applications include tokenized ownership, fractional ownership, integrated ecosystems, DeFi yield farming, and celebrity-endorsed projects.
- Benefits of merging NFTs and cryptocurrencies include enhanced liquidity, community building, creative monetization, decentralization, and increased accessibility.
- Challenges such as scalability issues, security concerns, market volatility, regulatory uncertainty, and user experience barriers are addressed.
- Future outlook includes enhanced interoperability, sustainable solutions, smart contract evolution, with opportunities in open-source contributions, funding models, and community governance.
- The article concludes with insights into the dynamic evolution of digital assets and the transformative potential of blockchain technology for creators, investors, and enthusiasts.
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14 Likes
Bitcoinist
2w
428
Image Credit: Bitcoinist
Nike Sued After Shuttering NFT Unit—Buyers Allege Major Crypto Losses
- A group of upset NFT purchasers has filed a lawsuit against Nike following the closure of its digital collectibles division, RTFKT.
- The lawsuit alleges that Nike's sudden shutdown resulted in the loss of hundreds of thousands of dollars' worth of digital asset value for the investors.
- The plaintiffs claim that Nike breached consumer defense laws by selling unregistered NFTs and not providing notice before canceling the initiative.
- Technical issues with the NFTs arose after the shutdown, including missing images and doubts about the long-term value of digital art attached to centralized services.
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25 Likes
Livebitcoinnews
2w
61
Image Credit: Livebitcoinnews
Binance Stokes Pi Coin Listing Hopes Amid Price Surge
- Binance's new listing rules focus on transparency and community support.
- Pi Coin, the native token of the Pi Network, has a chance for listing on Binance.
- Pi Coin's strong community support increases its chances for listing on Binance.
- However, there are challenges such as decentralization and liquidity for Pi Coin's Binance listing.
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3 Likes
Medium
3w
157
Image Credit: Medium
Are NFTs Dead?
- NFTs are not dead, they have evolved into liquidity-backed, utility-driven digital assets called Liquid NFTs.
- Between 2021 and 2023, the NFT market witnessed a hype, followed by a crash due to most NFTs lacking real value.
- Liquid NFTs introduced the concept of liquidity-backed NFTs, where a portion of the mint price is locked into a stablecoin-backed liquidity vault, giving NFTs real financial value.
- Creating NFTs has become easier with tools like Easy Create, allowing users to mint NFTs in under five minutes without coding or smart contract writing.
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9 Likes
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