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 […]
FIBA Partners with Venly to Introduce Basketball World Cup NFTs
The International Basketball Federation (FIBA) has partnered with Venly, a web3 SaaS platform, to release a unique series of digital collectibles. These digital souvenirs, showcasing Japan, the Philippines, and Indonesia, will debut on August 21 to capture the event’s spirit. According to a spokesperson in an interview, the non-fungible token (NFT) collection will offer four […]
NFT Platform Recur Announces Plans to Shut Down
NFT platform Recur has announced plans to shut down after receiving $50 million in a Series A fundraising round less than two years ago. The platform will be shut down in a planned manner, according to the firm, starting with the cessation of main and secondary sales on August 18, 2023. New user account registration […]
Coca-Cola Launches NFT Collection on Base Blockchain
The largest soft drink company in the world, Coca-Cola, has introduced its NFT line on the brand-new Coinbase layer-2 network Base. With the release of its initial NFT collection on the Coinbase layer-2 network Base, Coca-Cola has made another step into the world of digital art. The world’s largest beverage company debuted its Masterpiece collection […]
Luxury Watch-backed NFT Serves as Collateral for DeFi Loan
A nonfungible token (NFT) collector described how a decentralized finance (DeFi) loan was secured by a luxury watch and facilitated by a nonfungible token (NFT) representing the asset. On July 11, fictitious DeFi project advisor CirrusNFT described how a user could borrow $35,000 from another user using an NFT representing a tangible item as collateral. […]