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Hermès Lawsuit Over ‘MetaBirkins’ NFTs Will Move Forward; Motion to Dismiss Denied

Hermès Lawsuit Over ‘MetaBirkins’ NFTs Will Move Forward; Motion to Dismiss Denied

U.S. District Judge Jed Rakoff rejected Mason Rothschild’s motion to dismiss in a one-page order after last week’s oral arguments over whether or not MetaBirkins NFTs infringe upon the famous Hermès Birkin luxury handbags. Hermès, whose origins

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Instagram to Support NFTs From Ethereum, Solana, and Others

Instagram to Support NFTs From Ethereum, Solana, and Others

Instagram plans to integrate non-fungible tokens (NFTs) from top platforms such as Solana, Ethereum Flow, and Polygon, Coindesk reported. The social media platform is expected to announce a pilot scheme as soon as Monday. According to the report, the platform will focus

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Sony Partners With Theta Labs to Launch 3D NFTs for Its Spatial Reality Display

Sony Partners With Theta Labs to Launch 3D NFTs for Its Spatial Reality Display

Sony Group Corporation has revealed it has partnered with Theta Labs in order to launch 3D non-fungible token (NFT) assets. The upcoming NFTs will be crafted for the Sony Spatial Reality Display and are designed

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$37 Billion Sent to NFT Marketplaces in 4 Months, Chainalysis Reports

$37 Billion Sent to NFT Marketplaces in 4 Months, Chainalysis Reports

Blockchain analytics firm Chainalysis’ latest report indicates that NFT activities have slowed down in 2022, with growth beginning to pick up again since mid-April. The document also noted that growing interest derived from retail investors

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Report: NFT Market Valuation to Rise to Over $13 Billion by 2027

Report: NFT Market Valuation to Rise to Over $13 Billion by 2027

The non-fungible token (NFT) sector has the potential to be worth over $13 billion by the end of 2027, according to a report from research firm MarketsandMarkets.  In a report titled, “Non-Fungible Tokens Market by Offering (Business

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Decoding the performance of Azuki’s latest NFT collection ‘BEANZ’

Decoding the performance of Azuki’s latest NFT collection ‘BEANZ’

With NFTs becoming the most sought-after thing of late, a number of investors are turning their attention toward buying, trading, and selling NFTs. With BAYC, MAYC, Doodles, and many such popular NFTs in the market,

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$1.7 Billion in NFT Sales Fueled by Otherdeed Trades — NFT Volume Jumps 74% Higher Than Last Week

$1.7 Billion in NFT Sales Fueled by Otherdeed Trades — NFT Volume Jumps 74% Higher Than Last Week

With the help of the Bored Ape Yacht Club’s Otherside land sale, non-fungible token (NFT) sales have increased a great deal this week. NFT sales increased 74.77% during the last seven days, capturing $1.71 billion

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CryptoPunks Reaches $2 Billion in All-Time Sales; Gary Vee Reveals His ‘Punks’ Valuation

CryptoPunks Reaches $2 Billion in All-Time Sales; Gary Vee Reveals His ‘Punks’ Valuation

Buoyed by an increase in sales, CryptoPunks hit a new milestone that places the project just below Axie Infinity when it comes to the all-time ranking of NFTs by volume.  In April, the NFT collection generated an

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Yuga Labs reimburses transaction cost for failed BAYC land sale

Yuga Labs reimburses transaction cost for failed BAYC land sale

Yuga Labs, Bored Ape Yacht Club (BAYC) NFT collection creator, announced on Twitter that it has reimbursed the gas fees or transaction cost of every person who was unable to buy digital land of Yuga

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Otherside’s NFT Drop Temporarily Turned Ethereum Into a Deflationary Asset: DappRadar Reports

Otherside’s NFT Drop Temporarily Turned Ethereum Into a Deflationary Asset: DappRadar Reports

After becoming the hottest trend in fintech and crypto over the past few months, the NFT space transitioned to a cooldown phase. But this trend appears to be changing as well as the latest edition

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