Non-fungible token technology is becoming integrated into the operations of many companies, including car manufacturers and real estate firms. Even if many novel and innovative businesses have embraced the new technology, tech giants such as Youtube and Meta have been reluctant to give any promises. The silence was broken [...]
Some have compared NFTs to a 21st-century gold rush, where everybody is trying to get a bit of the wealth that they generate. Some plunge into the industry much earlier than others, optimistic about its value or perhaps a bit overconfident. While other investors or companies who have a [...]
According to the press release statement, "Rakuten NFT is a service that provides a marketplace for users to purchase NFTs, as well as peer-to-peer buying and selling of NFTs, in a range of areas such as sports and entertainment, including music and anime." The statement continued by elaborating that [...]
Universal Music Group has entered a strategic partnership with the NFT platform Curio to develop their non-fungible token(NFT) collection. The NFTs will be designed for its artists and record labels. The massive deal has many implications both for NFTs and its impact on the music world. NFTs have seen [...]
Nike just filed a lawsuit in one online marketplace for allowing the launch of NFTs based on their brand of shoes. NFTs are an emerging trend, making many people question and discuss the role of trademark law and copyright within society. The marketplace in question is StockX which resells [...]
The infamous OnlyFans is just one of many companies jumping into the most popular trend that has swept the internet by a storm. Тhe intention of the company is to use NFTs in their profile pictures system. The announcement comes with an announcement from the CEO, Ami Gan, which [...]
Facing massive backlash, the World Wildlife Fund (WWF) is stopping the sale of its NFTs. The pushback they received came from environmentalists concerned that the NFT industry, no matter the technology, will leave a significant carbon footprint. The cancellation of the NFT project follows the announcement that came earlier [...]
McDonald's is preparing to make a move towards the metaverse. The company has filed ten trademark applications to build a "virtual restaurant featuring actual and virtual goods." The trademarks include virtual food and beverages and "downloadable multimedia files containing artwork, text, audio and video files and non-fungible tokens." The [...]
Non-fungible tokens are everywhere, and there is no sign that they will be going away. The move towards using NFTs seems inevitable, even in unconventional fields such as car making and real estate. Another sign of this fusion comes from the combined efforts of The Sandbox metaverse platform and [...]
Disney is the next giant company interested in plunging down the NFT world. Disney was founded in 1928 and since then has continuously reinvented itself to remain relevant in the industry. The entertainment giant, worth more than $93 Billion, seems ready to jump on the new trend that the [...]
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