NFT Musician Sues SEC Over Daily Songs
Jonathan Mann (@songadaymann) and Brian L. Frye sue the SEC, challenging NFTs as securities. Their case could redefine digital art under US law, impacting artists and collectors. #NFTs #Update
Nft
Songadaymann Sues SEC Over NFT Sales
Songwriter Jonathan Mann and artist Brian L. Frye sue the SEC over classifying NFTs as securities, arguing their digital art should be exempt. The case could set a crucial precedent for NFT treatment under US law.
SEC NFT Oversight Lawsuit Filed
Legal scholar Brian Frye and songwriter Jonathan Mann have filed a lawsuit against the SEC in Louisiana, challenging the agency’s authority to regulate NFT sales. They seek clarity on whether NFTs are securities, aiming to protect artists and innovators from unlawful enforcement actions.
NFT Sales Surge: Volume Hits $107M
NFT sales surged 8.5% to $107M last week. Buyers rose 89.56% to 488,141, sellers up 69.8% to 198,450. Ethereum led with $36.6M in sales. Solana Monkey Business topped collections at $4.86M. #Crypto #Update
Ebay’s KnownOrigin Closure Sparks NFT Storage Fears
KnownOrigin, eBay’s NFT marketplace, is shutting down, spotlighting NFT storage issues. If eBay halts IPFS payments, digital art might vanish. Experts urge better storage like Arweave. This raises sustainability concerns for NFTs. #NFT #Update
Super NFT Campaign Launched by ELFi Protocol
ELFi Protocol is launching in July 2024, revolutionizing derivatives trading with a decentralized platform. A Super NFT campaign will distribute 200 NFTs to testnet participants, offering exclusive benefits. Raised $5M led by @IDGCapital & @kucoincom. #Update #DeFi #CryptoNews
ZK Tool Revolutionizes Digital Identity, NFT Vouchers
ShardLab unveils a new app using NFTs, zero-knowledge proofs, and account abstraction for secure voucher distribution. Launched at Southeast Asia Blockchain Week 2024, it was successfully tested at ICONSIAM, integrating with retail systems at 60+ locations. #Blockchain #Update
NFT Market Surges: Best Quarter Since 2023
NFT market sees biggest quarter since early 2023, with $4B trading volume in Q2, per @DappRadar. Blur dominates with 31% market share, Magic Eden rises to 22%, and OpenSea leads in sales at 12%. #Update #NFTs
NFTs Future: Will NFT.NYC Return in 2025?
NFT.NYC sees a decline in energy and investment as the NFT market matures. Focus shifts from speculative collectibles to practical uses in finance, gaming, and real estate. Tokenized real-world assets now exceed $6.5B TVL. #Update #NFT
NFT Scam: User Loses $230K on Blur Platform
? A user lost $230K worth of NFTs in a phishing attack on Blur, reported by Solidity developer @0xQuit. The hacker stole 49 NFTs, including items from @BoredApeYC, Beanz, and Elementals collections. This highlights the need for robust security in the NFT space. #Update
Mark Cuban’s NFT Sale Nets $38,500
Mark Cuban reenters the NFT market, selling $38,500 worth of NFTs in 2 days. His top sale: Pudgy Penguin #6239 for $30,578. Cuban’s renewed interest may signal growth in the crypto market. #NFTs #Crypto #Update
Komani Chooses Avalanche for Resella NFT Platform
Konami partners with Avalanche to launch the NFT platform Resella, promising zero gas fees and high data speeds. This move, leveraging Konami’s iconic franchises, aims to enhance Web3 gaming and expand NFTs’ utility. #NFTs #Web3
Pudgy Penguins NFT Collection Skyrockets in Value
Pudgy Penguins NFT collection, launched in 2021, evolved into an ecosystem with toys and a game. With $10M in toy sales and integration with Ethereum’s zkSync, it ranks among the top 20 NFT collections. #NFT #Update
NFT Market Decline: South Korean Giants Exit
South Korean retail giants Lotte and Hyundai are exiting the NFT sector amid market slowdown, refocusing on core strengths. Lotte’s NFT shop to close by July 2. #NFT #CryptoNews