Tag: Non-fungible tokens
Revolutionary Art Collector Sparks NFT Market with $3M Purchase
A groundbreaking moment in the world of non-fungible tokens (NFTs) occurred recently when a U.S.-based art collective, Kanbas, made a monumental purchase of digital art for a staggering $3 million. This purchase, the largest...
The Rise of NFTs: CryptoPunk Sells for Record $56.3M
During the last cryptocurrency bull market, non-fungible tokens (NFTs) were selling for incredibly high prices, creating a frenzy in the market. Recently, the world's attention has shifted towards memecoins, leaving NFTs somewhat in the...
Are Securities Laws Necessary for NFTs? SEC Commissioners Debate in Flyfish Case
SEC Commissioners Debate on the Necessity of Securities Laws for NFTsIn a recent case involving the Flyfish Club non-fungible token (NFT) collection, SEC Commissioners Hester M. Peirce and Mark T. Uyeda have sparked a...
DraftKings Lawsuit Sparks NFT Securities Trial in U.S. Court
A recent development in the world of non-fungible tokens (NFTs) has sparked a legal battle that could potentially redefine how these digital assets are classified in the United States. A U.S. judge in Massachusetts...
