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NFTs
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A digital art collection of Elvis Presley, “Elvis Side $Btc,” has been minted by OrdinalsBot and IP project Royalty.
The Chiliz blockchain is aiming to become “the sports blockchain,” its CEO Alexandre Dreyfus told CoinDesk in an interview, while also calling out the disproportionate historical hype around NFTs in comparison to fan tokens.
Wednesday’s sale of “An Eye Towards the Real: Photographs from the Collection of Ambassador Trevor Traina,” in New York will see digital certificates issued for each of the 130 lots, which will be minted by Kresus on Base.
NFTs “expose the incoherence of the SEC’s understanding of what it’s authorized to regulate,” says law professor Brian L. Frye, following news yesterday that the SEC has issued a Wells notice against OpenSea, claiming the NFT platform has violated securities law.
The sports gambling company faces a class action lawsuit alleging its NFTs are securities.
The class action suit from DraftKings buyers alleges that NFTs are investment contracts.
Dapper Labs has reached a tentative settlement agreement with a group of investors who sued the non-fungible token (NFT) company and its co-founder and CEO Roham Gharegozlou for allegedly violating federal securities laws.
“The report determines that illicit actors can use NFTs to launder proceeds from predicate crimes,” the Treasury said.
