Q2 closes up with NFT.NYC, another week packed of Yuga Labs and BAYC headlines (and discourse), and eBay continuing it’s active push into the space – this time with a new acquisition. Menawhile, one of your favorite candy brands is getting a sweet tooth, and there is more updates from the latest developments in Quentin Tarantino’s legal battle over his past non-fungible token release.
We’re back with our usual recap to digest all things NFT from the past week.
This Week’s Non-Fungible Token News
The Bored Ape Yacht Club crew brought all sorts of music artists – such as LCD Soundsystem and Lil Baby – as part of their ApeFest 2022 showing, what many in the community tout as an early display of blue chip utility; however, it was the tip of the iceberg when it comes to this week for BAYC. They rounded out ApeFest with a Bored Ape music video courtesy of Snoop Dogg and Eminem.
Meanwhile, the BAYC team is dealing with the need to respond to growing allegations around Nazi ties, including filing a lawsuit against critic Ryder Ripps, who released an amplified video criticizing the NFT project and subsequently launched his own imitation project.
Speaking of Snoop Dogg, NFT.NYC was host to great experiences, interesting impersonators (I’m looking at you, Doop Snogg), plenty of networking opps, and also it’s fair share of cringe. We can keep it honest. Goblins took things a little too far with IRL goblin noises, the Invisible Friends pop-up was made fun at times, and The Hundreds did an excellent exhibition of fake NFT protestors.
In all, it was seemingly a step in the right direction after last year’s experience – and a much louder and more present community this time around, too. We took some time to cover the good, the bad and the ugly from this year’s NFT.NYC.
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Uniswap has seen strong token performance this week following the acquisition of NFT aggregator Genie, and potentially a broader market slowdown of bear market effects. | Source: UNI-USD on TradingView.com
Mars Inc., longtime candy behemoth and maker of chocolate candies M&Ms, is the latest brand in the consistent flow of ‘filing reports’ of new trademark applications around web3. According to reports this week, Mars has filed crypto, NFT and metaverse related trademark applications for the M&Ms brand which includes “online virtual store environments” and “virtual snacks” for the metaverse.
November of last year feels like the ‘simple times’ of crypto. So little time has truly past, but things sure do feel different. Look no further than the curious case of crypto and Quentin Tarantino for a prime example: last year, we covered the emergence of Tarantino’s ‘Pulp Fiction‘ NFTs, and by the beginning of the new year we started briefly covering the ongoing debates between Miramax and Tarantino.
Well the court system in the U.S. can be notoriously slow moving, but we’ve seen developments this week as Hollywood Reporter outlined an “early win” for the legendary director, but there’s still precedent to be set based on how things shake out. As the Reporter aptly notes, it could shake out somewhere down the middle, including NFTs around rights usage divvied up with “Miramax with regard to the movie and Tarantino with regard to the screenplay.”
In tough times there can be consolidation. Regardless of reasoning, we saw some interesting acquisitions this week, some more centralized than others. Let’s take a look a couple of the big headline names to see movement this week:
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Featured image from Pexels, Charts from TradingView.com
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
Pizza Hut and Spark Foundry have clinched the esteemed title of Best Brand Experience of the Year at The Drum Awards for Metaverse. This recognition stems from their exceptional collaboration with End of the World Pizza (EOWP), delving into the Metaverse with an innovative approach.
JoyRevised figures for Q3 disclosed the fastest quarterly expansion in almost two years, with consumer spending rising at a healthy 3.6% annual rate, albeit slightly lower than the initial 4% estimate.
BrianAmir Hossein Golshan, a 25-year-old Los Angeles resident, has been sentenced to 96 months in federal prison for orchestrating various scams, including "SIM swapping" to hijack Instagram accounts. Golshan's schemes, resulting in over $1.2 million in losses, involved impersonating individuals, fraudulent advertising, and exploiting two-step authentication vulnerabilities, showcasing the escalating sophistication of digital fraud.
JixuLouis Vuitton unveils the VIA Tile Trunk, a €6,000 NFT symbolizing its bold move into Web3, blending high fashion with the digital landscape. This marks the brand's pioneering step into direct digital sales, showcasing a unique fusion of NFTs and physical luxury products, setting the stage for a dynamic future in the digital luxury market.
JixuCristiano Ronaldo faces legal repercussions as a class-action lawsuit accuses him of promoting Binance's unregistered securities through his NFT collections. The lawsuit alleges Ronaldo's endorsements fueled Binance's surge, leading to claims of influencing users' investment decisions, while the broader legal turmoil involving Binance and its founder adds to the scrutiny of celebrities in cryptocurrency promotions.
JixuSão Paulo Football Club pioneers NFT tickets for their upcoming match with Flamengo on December 6th, using the Smart Ticket system from their tech hub. This blockchain-based innovation challenges traditional ticketing, offering fans tiered pricing for tokenized tickets with tangible and digital experiences, aligning with the 'Loyalty 3.0' trend to enhance customer engagement.
JixuAnimoca Brands Japan and Quidd join forces to pioneer the convergence of anime and manga with Web3, offering a unique blend of Japanese intellectual properties and digital collectibles. This collaboration aims to cater to global fandom, providing innovative digital collectibles accessible to enthusiasts worldwide, bridging the cultural richness of Japanese anime and manga with cutting-edge technology.
JixuWormhole, a trailblazing messaging protocol facilitating blockchain cross-communication, has hit a new high in the crypto sphere, amassing $225 million in its latest fundraising.
YouQuanStability.ai has recently announced its latest breakthrough – the Stable Video Diffusion AI model. This innovation marks a significant leap in AI capabilities, enabling the transformation of still images into captivating animations.
JoyBinance has been given three months by the SEC "to give Filipino investors who have holdings in Binance to close their positions and take out their investments."
Brian
