2023 Underground Art Market Report
Introduction The Securities and Exchange Commission (“SEC”) issued a cease-and-desist order on August 28, 2023, charging Impact Theory, LLC (“Impact Theory”) with conducting an unregistered offering of crypto asset securities in violation of the Securities Act of 1933 (“Securities Act”).1 Without admitting or denying the …
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As the Detroit Lions and Kansas City Chiefs gear up to kick off the NFL season on Thursday, the online discussion platform Reddit dropped a sizable batch of NFT-backed avatars to commemorate the league’s 32 teams. The wave of digital assets represents one of the …
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Non-fungible tokens (NFTs) have taken the world by storm, primarily known for their application in the art world. However, these unique digital assets have transcended their initial use case and found applications in various industries. In this article, we will explore five compelling use cases …
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Google has issued a policy update for cryptocurrency-related advertisements that allows advertisers to promote blockchain video games that use NFTs. However, Google also issued restrictions around gambling-related crypto games, as well as games that offer token staking rewards. This ad rule update, which will take …
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Source: AdobeStock / denisismagilov Despite the setbacks caused by the 2022 crypto crash, Web3 continues to intrigue marketers, particularly in the activewear and luxury brand sectors. Based on the principles of decentralized applications and blockchain technology, Web3 offers ownership of data and digital assets, opening up new …
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Google recently tweaked its policies on cryptocurrencies and related products, expanding the range of permissible advertisements for games based on NFTs. When the changes go into effect on Sept. 15, advertisers offering NFT games that don’t promote gambling will be able to safely advertise those …
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Ever wanted to own a tiny slice of a Justin Bieber song? Writer and producer Andreas “Axident” Schuller is set to sell NFTs that will grant owners a percentage of future streaming royalties to Justin Bieber’s hit song “Company.” Schuller, who has also worked with …
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By Gail Cole. Not many people had heard of a non-fungible token (NFT) a decade ago, yet by 2021, NFT art was selling for millions. Everydays: The First 5000 Days sold for $69.3 million in March 2021, The Merge for a whopping $91.8 million nine months later. That kind of money …
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SEC ALLEGATIONS OF CRYPTO ASSET SECURITIES Impact Theory markets itself as a media and entertainment company with the mission of introducing the world to empowering ideas at scale through story. Impact Theory issued and sold NFTs (aka Founder’s Keys) described to grant holders as access …
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Justin Bieber fans can buy one of 2,000 non-fungible token (NFT) versions of his song “Company” to earn 1% of royalties from each stream. Music Tech Platform Anotherblock and co-producer Andreas Schuller will create the NFTs. Schuller, also known as Axident, will sell its share …
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