DraftKings has agreed to pay $10 million to settle a securities class-action lawsuit from buyers of its non-fungible tokens (NFTs) that the gambling company sold through its now-shuttered marketplace. On Feb. 28,…
Category: nft
Yuga Labs says SEC has dropped its investigation into the NFT firm
Update (March 4, 9:48 pm UTC): This article has been updated to add a response from the SEC. Update (March 4, 12:15 am UTC): This article has been updated to add price…
SEC drops Yuga Labs probe, Trump files NFT marketplace trademark: Nifty Newsletter
In this week’s newsletter, the US Securities and Exchange Commission (SEC) has dropped its investigation into the non-fungible token (NFT) company Yuga Labs, a company owned by US President Donald Trump filed…
Axie Infinity teases new Web3 game as NFT outlook turns positive
Update March 7, 6:10 am UTC: This article has been updated to add comments from Sky Mavis co-founder Jeffrey Zirlin. Non-fungible token (NFT) gaming project Axie Infinity released a new trailer for…
NFT trading volume has tumbled 63% since December
The trading volumes of non-fungible tokens (NFTs) last month were down by more than 60% from December despite building momentum in the final months of 2024, with the fall coinciding with a…
The first vertically integrated gold tokenization project
As the global demand for gold remains strong and the asset’s price has reached all-time highs, investors face a difficult choice between various gold investment vehicles. Traditional methods for investing in gold…
Luxury fashion giant LVMH sued over NFT patent tech for watches
A company selling smartwatch face designs through non-fungible tokens has sued LVMH, accusing the luxury fashion conglomerate of patent infringement. In a March 10 complaint filed to a Texas federal court, Watch…