🖼 #NFTs may get greater legal protections as ‘personal property’ under proposed UK law

The U.K. government has introduced a new bill to Parliament that proposes new legal protections for digital assets such as cryptocurrency, non-fungible tokens (NFTs), and carbon credits. The bill comes as the crypto sector contends with a range of regulatory headwinds: In the U.S., the Securities and Exchange Commission (SEC) has ruled that certain crypto assets are securities, and earlier this year, the SEC approved the first U.S.-listed exchange traded fund (ETF) to track Bitcoin.

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NFTs | DeFi | News

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🖼 The iOS and Android Football Game With NFTs on Polkadot

When it comes to American football games, the Madden franchise has long been the cream of the crop. But now it has some competition—not just from EA Sports’ own College Football game, but also in the form of mobile game NFL Rivals, which incorporates NFTs. While NFL Rivals isn't trying to top Madden when it comes to presenting a lifelike simulation on your game console, it’s a free-to-play, arcade-style mobile football game that has the same official licenses from the league and players, offering bursts of entertainment on your smartphone or tablet.

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NFTs | DeFi | News

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🖼 Unlighted Alpha NFT Pass Set to Launch on September 10th

Unlighted, a popular online game, is set to launch a special digital pass called the Unlighted Alpha NFT Pass on September 10th. This new feature will let players own unique parts of the game and get special benefits unavailable to everyone. With these NFTs, players can be part of the game's web3 world and owning exclusive items.

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NFTs | DeFi | News

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🖼 2024 Report Finds 96% of NFTs Declared ‘Dead’ Amid Market Instability

A recent report by nftevening.com reveals a troubling state of the non-fungible token (NFT) market, with 96% of NFTs now considered “dead.” The analysis highlights the high unprofitability rate among holders and the fleeting lifespan of most NFTs. As highlighted in nftevening.com’s 2024 report, the once-celebrated future of digital ownership, the NFT market, is currently grappling with significant hurdles. The report scrutinized over 5,000 NFT collections and around 5 million transactions to assess the present state of the market.

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NFTs | DeFi | News

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🖼 Monthly NFT sales fall below $400M, marking yearly low

Non-fungible tokens (NFTs) sales recorded a $374 million monthly volume in August, continuing a downward trend and recording its lowest monthly sales of 2024. Data from NFT tracker CryptoSlam shows that digital collectibles only had monthly sales of $374 million in August 2024. Unlike its highest monthly record in 2024, which was $1.6 billion in March, August’s monthly volume represents a 76% drop.

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NFTs | DeFi | News

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🖼 Ripple CLO Alderoty Challenges US SEC’s Regulatory Approach on NFTs

Recently, Stuart Alderoty, the Chief Legal Officer of Ripple, took to social media and suggested that the US Securities and Exchange Commission (SEC) can face significant legal problems if it continues the lawsuit against OpenSea while attempting to designate specific NFTs as securities. Alderoty’s argument draws on a 1976 SEC ruling concerning art galleries. In that decision, the SEC concluded that galleries selling art, even with investment motives, did not need to register as securities dealers.

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NFTs | DeFi | News

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🖼 Forbes launches NFT-gated member community with OKX wallet

The American business magazine Forbes is Web3-ifying its exclusive membership offerings with a new partnership with the OKX Wallet that fast-tracks user applications to its digital community. At the center of this collaboration is the Forbes Legacy Pass non-fungible token (NFT), a digital collectible that opens up a token-gated, members-only world for major players, stakeholders and innovators in the Web3 space connect.

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NFTs | DeFi | News

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