DraftKings Ends NFT Business Citing ‘Legal Developments’
DraftKings shuts down its NFT business following legal issues and a court ruling on an unregistered securities lawsuit. DraftKings, a sports betting platform, has promptly discontinued its nonfungible token business as a result of recent “legal developments.” DraftKings’ motion to dismiss a class action lawsuit in which it was alleged that the NFTs it issued […]
Brad Garlinghouse Criticizes SEC’s Confusing Regulations
Ripple CEO Brad Garlinghouse criticizes the SEC for hypocrisy in crypto regulations amid changes in the Binance lawsuit. Brad Garlinghouse, the CEO of Ripple, has criticized the US Securities and Exchange Commission (SEC) for its duplicity in its regulation of cryptocurrency. The comments were made in the context of the recent developments in the SEC’s […]
LayerZero Choosen as Default Interoperability Solution by Animoca Brands
Animoca Brands partners with LayerZero Labs, making LayerZero its default interoperability solution. Animoca Brands, a pioneer in digital property rights for gaming and the open metaverse, has established a multi-year strategic partnership with LayerZero Labs, the team responsible for the omnichain interoperability protocol LayerZero. As stipulated in the agreement, LayerZero will serve as the default […]