2023 Underground Art Market Report
Federal court says“appropriation art” isPlain old infringement A federal district court judge has ordered a conceptual artist and his partner to pay more than $1.5 million in damages for copying Bored Ape’s Non-Fungible Token (NFT) art. Plaintiff Yuga Labs, Inc. is the creator of one …
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By Sydney Price (November 13, 2023, 4:30 PM EST) — The lead plaintiff in a proposed class action alleging online marketplace DraftKings’ non-fungible tokens were sold as unregistered securities slammed the sports betting giant’s attempt to dismiss the suit, saying its motion contradicts definitions of …
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Following the recent news that the Solana-based NFT wallet app Backpack will launch a cryptocurrency exchange based in Dubai, the company has added former FTX general counsel Can Sun to lead the exchange. And now Backpack’s associated NFT project, Solana’s Mad Lads, has soared to …
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Despite the long lasting downturn and the negative backdrop, such as OpeanSea slashing half of its personnel just last week, the market is projected to almost double from $1.6B in 2023 to $3.2B by 2027. NFT volume in October was at its highest since the …
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Dylan Horetski ❘ Published: 2023-11-13T21:52:25 ❘ Updated: 2023-11-13T21:55:06 Posts across social media about NFT Marketplace OpenSea getting hacked has gained the attention of many, but are they real. There’s no doubt that just about everyone knows about NFTs as they were the …
Read MoreEthical pricing challenges amid Bangladesh protests Corporate social responsibility Clothing, apparel Pricing strategy As Bangladeshi garment workers strike for better pay, major Western brands stand accused of avoiding ethical sourcing for low prices, but the news points to a much bigger brand story in which …
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After months of viral stories with giddy headlines about how “worthless” most NFTs have become, the diminishing NFT market is finally showing real signs of life. Sales have steadily risen in recent weeks, with October’s trading volume tally up 32% over September and daily trading …
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Roblox founder and CEO David Baszucki anticipates prominent brands and celebrities taking a leading role in actualizing the vision of cross-platform NFTs. Speaking after the Q3 2023 earnings call, Baszucki expressed his aspiration for the seamless transfer of non-fungible tokens (NFTs) and digital objects across …
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This week, half-giddy, half-cautious optimism spread across crypto circles as Bitcoin surged past $37,000 for the first time in 18 months on excitement regarding the approval a spot Bitcoin ETF, and Ethereum pumped past $2,100 on similar news of a pending ETH ETF application from …
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If you listen to headlines, the non-fungible token market seems like a flash in the pan. The asset class peaked at $21 billion in May 2022 before crashing back down to Earth. Over 95% of NFTs created in the 2021-2022 NFT craze are now worthless, …
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