Crypto.com’s CRO Surges As It Launches World Cup NFTs With Coca-Cola
<a href="http://crypto.com/" target="_blank">Crypto.com</a>’s CRO token (<a href="https://www.coindesk.com/price/cryptocom/">CRO</a>) is gaining Monday on the back of news that the exchange is teaming up with Coca-Cola to launch a series of non-fungible tokens (NFTs) celebrating the 2022 FIFA World Cup in Qatar.
RBB LAB Uses NFT to Serve Alberto De Luigi and Andreas Kohl Summons
RBB Lab, a technology development firm based in the Republic of San Marino, has used NFT (Non-Fungible Token) technology to issue court summonses for the case against Alberto De Luigi, Andreas Kohl, both former collaborators of the firm, and their company Sequentia AG incorporated in Liechtenstein.
Ethereum NFTs Surrender to Crypto Winter; Will ETH Suffer the Same Fate
NFT transactions on Ethereum have declined significantly, from 22% NFT dominance to 8.3% according to crypto analytics firm Glassnode. On the other hand, stablecoin transactions grew and took up the space originally conquered by NFTs. This declining interest from traders could affect the overall NFT market negatively.
Chinese Hangzhou Court Calls for NFT Regulation
China’s Hangzhou Court <a href="https://mp.weixin.qq.com/s/WWnZAxqiIVJ-dHO90eoBVw">claimed</a> that NFTs carry characteristics of property rights like value, scarcity, disposability, and readability, and therefore should be protected by the law.
Aave Companies Acquires Social Metaverse Developer Sonar
Software development company Aave Companies today announced the acquisition of Sonar, a San Francisco-based metaverse developer where players can build worlds and interact with user-created spaces using non-fungible tokens (<a href="https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn-blockchain" target="_blank">NFTs</a>).
The OG Streetwear Designer Fighting for NFT Creator Royalties
When 20-year-old streetwear brand The Hundreds jumped into Web3 last year, its loyal fans spent upwards of $100 million on its NFTs. This year it canceled its OpenSea drop in a principled stand for creators’ financial interests. That’s why Bobby “The Hundreds” Kim is one of CoinDesk’s Most Influential 2022.
Coca-Cola, Crypto.com to Launch NFTs Using Heatmaps from World Cup Matches
Coca-Cola is tapping into the non-fungible token (NFT) technology to tokenise the FIFA World Cup Qatar 2022 experience. In a post on Monday, the beverage company said it has partnered with Crypto.com to release a collection of NFTs generated from the football data of the ongoing world cup tournament.
Reddit Collectible Avatars Minting Breaks All-Time Daily High
Reddit, the front page of the internet, recently uniquely made waves. The platform witnessed a record-breaking minting of its Collectible Avatars on December 3.
Chinese Court Says NFTs Are Virtual Property Protected by Law
A Chinese court in the city of Hangzhou has said nonfungible token (NFT) collections are online virtual property that should be protected under Chinese law.
Reddit’ NFT Minting hits New High
Reddit’s nonfungible token (NFT) collection hit another milestone on Dec. 3 with a record 255,000 of its “avatars” minted in the one day. The new minting record beat the previous all-time highs on Aug. 30 and 31, which saw just over 200,000 Reddit avatars minted each day. (Cointelegraph)
