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2023 Underground Art Market Report

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Category: NFTs

Art Collective MSCHF Takes Up Satirical NFTs as a Free Speech Issue

Roughly eight months have passed since Hermès, the French luxury brand behind the famously pricey Birkin handbag, scored a legal victory over a digital artist known as Mason Rothschild, who produced a line of handbag-themed NFTs called MetaBirkins. “This is not the end of the …

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November 14, 2023November 14, 2023 By AdsmithBroker

Mutant Ape Planet NFT founder pleads guilty to fraud in Brooklyn court

A French scammer has pleaded guilty in Brooklyn Federal Court to fleecing crypto investors who bought “Mutant Ape Planet” NFTs out of nearly $3 million. Aurelien Michel, 25, admitted he performed a “rug pull” on people he sold the fad digital collectible to, falsely promising …

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November 14, 2023November 14, 2023 By AdsmithBroker

Nonfungible Token (NFT) Developer Pleads Guilty to an International Scheme to Defraud NFT Purchasers

Earlier today, Aurelien Michel, a French national who had been residing in the United Arab Emirates (UAE), pled guilty at the federal courthouse in Brooklyn, New York to conspiring to commit wire fraud in connection with defrauding purchasers of “Mutant Ape Planet” NFTs, a type …

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November 14, 2023November 14, 2023 By AdsmithBroker

Disney Pinnacle is preparing to be the next big NFT failure

/ Collectible digital tokens have crashed hard since peaking in early 2021, but here comes Disney Pinnacle to try it all over again. By Richard Lawler, a senior editor following news across tech, culture, policy, and entertainment. He joined The Verge in 2021 after several …

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November 14, 2023November 14, 2023 By AdsmithBroker

Disney Reveals NFT Platform With Dapper Labs, Including Star Wars and Pixar

Entertainment giant Disney will launch an NFT collectibles platform with NBA Top Shot maker Dapper Labs called Disney Pinnacle, the companies announced Tuesday. Inspired by the physical pins that Disney sells at its theme parks and that fans collect and trade, Disney Pinnacle will offer …

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November 14, 2023November 14, 2023 By AdsmithBroker

Disney Does NFTs Again in Partnership With NBA Top Shot Makers Dapper Labs

Disney, the iconic, century-old brand known almost as much for its pursuit of technical innovation as much as its continually expanding catalog of entertainment products, is taking another stab at digital collectable non-fungible tokens (NFTs). This time it’s through a partnership with Dapper Labs, the …

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November 14, 2023November 14, 2023 By AdsmithBroker

NFTs were meant to change everything

A funny thing happened in Hong Kong earlier this month. Well, funny unless you were there. The annual ApeFest, where collectors of Bored Ape NFTs (remember them?) took place in Hong Kong (for the uninitiated, NFTs, or non-fungible tokens, can be linked to products like …

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November 14, 2023November 14, 2023 By AdsmithBroker

Mad Lads NFTs Soar To Record High As Backpack Appoints Former FTX Lawyer For Exchange Launch

Loading… Loading… Loading… Solana’s SOL/USD Mad Lads NFTs have reached an unprecedented price high after Backpack, a Solana-based NFT wallet app, appointed a former FTX general counsel, Can Sun to spearhead Trek Labs, a Dubai-based startup linked to Backpack and its parent company, Coral. Coral’s …

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November 14, 2023November 15, 2023 By AdsmithBroker

Mad Lads NFTs Soar To Record High As Backpack Appoints Former FTX Lawyer For Exchange Launch By Benzinga

© Reuters. Mad Lads NFTs Soar To Record High As Backpack Appoints Former FTX Lawyer For Exchange Launch Benzinga – Solana’s (CRYPTO: SOL) Mad Lads NFTs have reached an unprecedented price high after Backpack, a Solana-based NFT wallet app, appointed a former FTX general counsel, …

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November 14, 2023November 14, 2023 By AdsmithBroker

NFT Policies: A Tale of Two Platforms—Google Play and Apple

Quick Take Discover how Google Play and Apple App Store are navigating the NFT revolution. While Google embraces NFTs, Apple enforces strict rules. This impacts developers and users, offering unique opportunities and challenges. Dive into the dynamic world of NFT integration in mobile apps and …

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November 14, 2023November 14, 2023 By AdsmithBroker

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