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2023 Underground Art Market Report

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Category: NFTs

Honda to launch NFTs at Japanese Formula 1

In celebration of its Formula 1 legacy, Honda Motor Co plans to distribute special edition NFTs to fans during upcoming races in Japan. According to a recent Animoca Brands announcement, the Formula 1 Honda & Red Bull Welcome Event in Tokyo on Sept. 20, Honda …

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September 19, 2023September 19, 2023 By AdsmithBroker

Keith Haring’s Never-Before-Seen Digital Drawings On Auction As NFTs, Following Christie’s $3.8 Million Sale Of Andy Warhol Art From Floppy Disc

Two figures outlined in yellow and emblazoned with blue X-signs derived from the Latin cross on their chests dance rhythmically despite conjoining at the head. The joyful one-headed duo erupt from a magenta background and red floor adorned with what could be yellow stars. Lines …

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September 19, 2023September 19, 2023 By AdsmithBroker

Honda: new NFTs in Japan to engage fans in the Web3 and metaverse

Honda announces a new limited edition NFT in Japan at the FORMULA 1™ Honda & Red Bull welcome event in Tokyo.  The new experience joins previous ones already launched together with partners Animoca Brands Japan, Gryfyn and GET Protocol and its metaverse, aiming to increasingly …

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September 19, 2023September 19, 2023 By AdsmithBroker

Dogelon Mars Launches AI NFTs

Impermanent loss (IL) is a loss of funds that a user will incur when they provide liquidity on Automated Market Making (AMM) exchanges. AMM’s utilize an algorithm and game theory to generate liquidity, in turn, creating IL through the arbitrage opportunities presented. AMMs, DEXS and …

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September 19, 2023September 19, 2023 By AdsmithBroker

2030, NFTs in Metaverse Market Size

The “NFTs in Metaverse Market” is one of the sectors that is expanding the fastest, thus it is crucial for players in the market to first do an exhaustive analysis of the sector. The NFTs in Metaverse market research report and industry analysis examine the …

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September 19, 2023September 19, 2023 By AdsmithBroker

Stoner Cats NFTs Wiped From Top Marketplaces Following SEC Enforcement Action

The Stoner Cats NFT project, co-created by Hollywood actress Mila Kunis, has been wiped from top marketplaces like OpenSea, Blur, and Rarible.  The US Securities and Exchange Commission (SEC) has charged the developers, Stoner Cats 2 LLC (SC2), for conducting an unregistered offering of crypto …

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September 19, 2023September 19, 2023 By AdsmithBroker

Top NFT Marketplaces Delist Stoner Cats NFTs amid SEC Charges

The moves appear to be in line with a recent announcement by the US SEC. Some popular non-fungible token (NFT) marketplaces have banned the Stoner Cats NFTs from being traded on their platforms. Notable examples of such marketplaces include OpenSea, Blur, and Rarible. The moves, …

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September 19, 2023September 19, 2023 By AdsmithBroker

Not So NFTy: What the Impact Theory and Stoner Cats Enforcement Actions Could Mean for NFTs

The U.S. Securities and Exchange Commission (SEC) recently announced charges against and settlements with two NFT issuers for allegedly conducting illegally unregistered offers and sales of securities in the form of “non-fungible tokens,” or NFTs, in violation of Section 5 of the Securities Act of …

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September 19, 2023September 20, 2023 By AdsmithBroker

NFTs: modern day “tulip-mania” or genuine asset class?

IntroductionIssues and solutionsComment Introduction In the art world, a non-fungible token (NFT) has a place that is better defined than in the financial services sector. In the former, it can be described as a digital or computer-generated artistic expression with blockchain technology (or distributed ledger …

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September 19, 2023September 19, 2023 By AdsmithBroker

Disputes and challenges involving NFTs and digital assets

IntroductionAre NFTs property?Other dispute foraRegulatory environment for NFTsComment Introduction Non-fungible tokens (NFTs) are digital assets that can provide digital ownership rights representing anything from digital art to sports memorabilia. Holders of certain NFTs even carry with them unique benefits, such as membership of a community …

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September 19, 2023September 19, 2023 By AdsmithBroker

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