Nike’s NFTarm has been hit with a new class action lawsuit over the Nike-related RTFKT NFT venture. One Australian customer is at the forefront, accusing RTFKT of misleading conduct and over $1M AUD in damages since closing RTFKT. The crux of the argument? These NFTs were actually unregistered securities.Is it...
Looking to roll the dice on your newly minted digital JPEGs in the crypto casino? Cool, me neither, but someone is. And they aren’t likely telling you about the shadowy include-me royalty frameworks that might be siphoning you out.Hidden Fees Eat Your WinningsLet's be real. You think you’re buying and...
I’ve touched the future of casinos, and it sure as hell isn’t what Vegas is selling you. This legislation finally flips the table because for decades casinos have been the ones holding all the cards. They win because they run the tournaments, dictate the terms, and establish the odds, cashing...
The FTX saga rages on, now pulling the NFT community into its tumultuous storm. While everyone's focused on Sam Bankman-Fried's trial, a quieter battle is brewing that could fundamentally alter how NFT creators get paid and how collectors value their digital assets. Are these lawsuits a necessary step to get...
With the FTX saga, the slow, agonizing death of DeFi idealism continues. The latest chapter? Now, in its current FTX-zombie-state, the FTX bankruptcy estate is suing both NFT Stars and Delysium for failing to deliver those tokens. On its face, though, it’s billed as recovering money for creditors, a worthy...
Imagine this: A young artist from Mumbai, let's call her Priya, pours her heart and soul into creating stunning digital sarees for Decentraland avatars. She’s creative, she’s ambitious, and she believes the metaverse is her path to economic independence. She features her creations, looking forward to receiving her share of...
We've all heard the metaverse hype. Sandbox and Decentraland planted their flags early, and at least for a time these two worlds were the entirety of the metaverse. But let’s be honest, were they really decentralized, or just sort of decentralized? The promise of a new, user-owned internet ring unfulfilled....
NFTs—Renaissance 2.0 or next tulip craze in digital apparel? As a market strategist who's been knee-deep in the crypto trenches, I've watched the NFT phenomenon explode with a mixture of excitement and trepidation. We’ve been led to believe it’s democratizing art, empowering creators, and ushering in a new era of...
The promise of NFTs was revolutionary: a direct line between creator and collector, cutting out the middlemen who have historically pocketed the lion's share of art's value. Royalties are leading this revolution. A modest percentage of each subsequent sale is returned to the creator, making it impossible for them to...