Chinese court rules NFTs are legally protected virtual property
Nonfungible Tokens (NFTs), according to a Chinese court in the city of Hangzhou, are online virtual properties that need to be protected by Chinese law. A Dec. 5 post by cryptocurrency blogger Wu Blockchain discloses the favorable language for NFTs after the country started to crack down on cryptocurrencies in 2021, placing NFTs in legal […]
Coinbase asserts Apple halted wallet app release over gas prices
According to the platform, Apple requested that Coinbase Wallet prohibit NFT transactions in order to introduce new restrictions to safeguard corporate revenues at the expense of user investment in NFTs. According to Coinbase’s self-custody cryptocurrency wallet, Apple’s intervention has made it impossible for customers to send nonfungible tokens or NFTs. On December 1, Coinbase Wallet […]
What NFTs are tradable on Coinbase?
Although relatively new, the Coinbase NFTs marketplace is a notable place for buying and selling NFTs. In this post, we will examine some of the NFT assets that may be traded on this marketplace. An NFT stands for a non-fungible token. Non-fungible tokens are blockchain-based digital assets that represent tangible items such as pieces of […]
Adidas launches its first NFT wearables collection
German sportswear company Adidas Originals (Adidas Originals) introduces its first NFT wearables collection powered by blockchain. The 16-piece collection is available in the wallets of holders of its capsule collection. Adidas Originals’ efforts to further its community-based, member-first, open metaverse strategy are accelerated by the launch of the NFT collection, which the leading sports brand […]
Sony patents expose PlayStation’s NFT and blockchain research
Sony Interactive Entertainment has been actively investigating the usage of NFTs and blockchain technology in games, according to a recently issued patent. The Sony patent, obtained through Gamesual, is titled “Tracking Unique In-Game Digital Assets Using Tokens on a Distributed Ledger” and was first submitted last year. It discusses a system that might be used […]