PayPal Explores Blockchain’s Layer 2 Solutions and NFTs
PayPal’s blockchain patent aims to streamline payments between users and merchants across different network layers. PayPal is reportedly investigating new opportunities in the blockchain space, particularly with additional Layer 2 solutions and non-fungible tokens (NFTs). According to a succession of recently published patent applications, PayPal’s research and development priorities revolve around several key areas. The […]
Voice NFT Platform to Shutdown
Voice has opted to close its doors just two years after switching from a social network to an NFT platform. Voice was originally intended to be a decentralized social media network, but it was eventually “upgraded” into a platform for creators using non-fungible tokens (NFT). It is currently reducing its services despite regulatory obstacles. The […]
Stoner Cats NFT Creator Charged with Illegal Securities Offering
The NFT-only animated series starred Vitalik Buterin, Gary Vaynerchuk, and Hollywood A-listers. Stoner Cats 2 LLC (SC2), the entity responsible for producing the Stoner Cats animated series, has consented to a cease-and-desist directive and additional remedial actions imposed by the United States Securities and Exchange Commission (SEC). This decision comes after allegations of SC2 engaging […]
CNA’s $20M Insurance Coverage Trust Policy Excludes NFTs
CNA Financial, the seventh-largest commercial insurer in the United States, has excluded coverage for nonfungible tokens (NFTs) from the $20 million policy of Schwab Strategic Trust. In a filing with the US Securities and Exchange Commission (SEC), CNA stated that the bond does not cover “any loss, injury, claim, occurrence, or suit relating to NFTs. […]
Google Opens Up to Blockchain Games with NFTs
Google has updated its advertisement policies to permit blockchain-based games that offer non-fungible tokens (NFTs) to run ads on its platform as long as they comply with certain rules. The policy change is expected to take effect from September 15, 2023, five years after the initial ban in 2018. According to the announcement, the new […]