Article Summary Summary: San Francisco-based Hitch Interactive has introduced a new NFT standard called the Immutable Miniverse Format (IMF) and released the “Yummy Hamo” collection of limited edition NFTs. The IMF standard allows for the embedding of code-driven content and experiences within NFTs, offering a …
Read MoreNFTs: Beyond the Hype – Galaxis CEO Reveals Evolving Potential
Are NFTs Dead? CEO of Galaxis Believes They’re Evolving Summary CEO and founder András Kristof believes that as people become more educated about NFTs, the focus will shift towards their utilities. Despite the general perception that NFTs are dead, there are signs of life in …
Read MoreEcosystem Roundup: Cosmos Innovation raises US$19.7M; Report says most NFTs are now worthless
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Read MoreGalaxis Says NFTs Are Maturing Towards ‘Genuine-Utility’, as 95% Of Digital Collectibles May Now Be Useless
CEO and founder András Kristof believes as people become more educated about NFTs, the focus will be on utilities. The inventor of Tembusu Terminals (first ATMs) in Singapore says he’s spent the last two years building a post-hype utility NFT platform. Although, founder András Kristof …
Read MoreSingapore High Court Approves iSanctuary’s Use of NFTs for Financial Investigations
The Singapore High Court’s decision to allow iSanctuary to attach NFTs to cold wallets involved in a financial hack marks a significant legal milestone. These NFTs, known as SoulBound tokens, are non-transferrable and will be permanently linked to the wallets in question. This groundbreaking ruling …
Read MoreSEC Enforcement: Stoner Cats Settlement Signals Intensifying SEC Interest in NFT Offerings
Highlights SEC finds Stoner Cats conducted unregistered securities offering to early NFT buyers SEC highlights secondary market sales and programmatic royalties paid to NFT offeror Dissenting Commissioners draw ties to Star Wars collectibles sales in questioning potentially limitless application of Howey On September 13, 2023, …
Read MoreWhat are non-fungible tokens (NFTs) and where are they useful?
(Credit: Unsplash) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Shawn Dej, Lead for Blockchain and Digital Assets, World Economic Forum, Sandra Waliczek, Blockchain and Digital Assets, World Economic Forum Non-fungible tokens (NFTs) are unique digital …
Read MoreKaufland To Exchange NFTs For Shopping Vouchers
German retailer Kaufland is offering a €10 shopping voucher to people transferring NFTs to the retailer. Kaufland added that it has launched the ‘NFT Refresh’ online campaign at Fresh4trash.io, which runs until 12:00 hours on 30 October 2023. A video related to the campaign is …
Read MoreWEF shares insights the use of NFTs for Consumer Packaged Goods companies
In a recent report released by the World Economic Forum, it explained a series of events that have happened since NFTs got into the Consumer Packaged Goods industry. It started by revealing how in Q1 2023, Starbucks, to build customer engagement through loyalty launched its …
Read MoreSingapore Court Approves the Use of NFTs in Tracking Hacked Wallets
Singapore Court Approves the Use of NFTs in Tracking Hacked Wallets NFTs are now being used to trace and flag wallets associated with crypto hacks in Singapore. Intelligent Sanctuary, a financial investigation company based in the United Kingdom, recently secured the Singapore High Court’s permission …
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