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NFT News July 26, 2022

Yuga Labs Under Attack? Or Pursued by Justice and the Law?

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Yuga Labs, the design studio responsible for producing some of the most successful NFTs in the market’s short history, have come under fire as the target of a class-action lawsuit. The gist of the lawsuit states that the company “artificially inflated” the value of their record-breaking NFT collection called Bored Ape Yacht Club, or BAYC, for short. This lawsuit could have massive implications for the company, as backlash could send them spiraling further into debt.

 

The Scoop

Of course, the debate over whether or not NFTs are a legitimate investment asset is long and ongoing. However, the lawsuit that has been brought against one of the industries star children is shedding light on some of the more negative aspects of the NFTs markets.

We don’t yet know if there is any legitimacy to the lawsuit, but we do know is that this fiasco is not doing the market or YUGA any favors. We have facts coming in on a  constant basis concerning developments such as these, and we will be keeping you updated.

 

The News Take

“Through the uptrends and downtrends, OpenSea has maintained its lead when it comes to NFT trading. It has made its mark as the first major NFT trading platform in the space and as such remains highly favored among investors. The addition of other networks such as the Solana network has also helped grow its popularity in the market. This does not mean that the marketplace is without competition though.” -Bitcoinist

 

MetaNews is your number one resource for information on the Metaverse and the markets. We deliver the relevant news, every day. Don’t forget to check us out on Twitter! @metanews_com. Our staff of expert researchers and copywriters are dedicated to bringing you the latest, most relevant information from all over the Metaverse and its affiliated properties. From commerce and finance, to technology and interconnectivity, MetaNews produces well researched, accurately sourced articles on a daily basis.

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NFT News

A Huge Ticket Selling Agency Just Made a Leap On Blockchain

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A Huge Ticket Selling Agency Just Made a Leap On Blockchain. Ticketmaster, the vending giant, just decided to seal a deal with the Flow blockchain. This deal entails one of the largest movements by a mainstream entity to endorse and utilize blockchain technology. Tech Crunch just told us that “Ticketmaster will now let event organizers issue NFTs (non-fungible tokens) tied to tickets on Flow, a blockchain operated by a16z-backed Dapper Labs.” This is an interesting move from an unlikely source, and in this article today, we will be discussing this deal.

 

 

The Scoop

Last year, when this arguably began, Ticketmaster made another deal with Polygon, which is based on the Ethereum chain. This was done to offer NFL fans the ability to buy virtual tickets on the blockchain. Now, we have a new deal that brings this move to full fruition.

Event organizers who choose to offer fans an NFT with their ticket have a real opportunity to make this new technology relevant and relatable at scale. This is why we are partnering with Flow, because their blockchain is custom-built for fan engagement and frictionless consumer experiences.” Brandan Lynch

 

 

The Host’s Perspective

Its partner for this project, Dapper Labs, which raised $250 million at a $7.6 billion valuation last year, is no stranger to sports-based digital collectibles distributed through Flow. It’s well-known as the creator of NBA Top Shot, an NFT marketplace for basketball fans to buy, sell and trade cards of players and top moments in the sport.” -Tech Crunch

 

MetaNews is your number one resource for information on the Metaverse and the markets. We deliver the relevant news, every day. Don’t forget to check us out on Twitter! @metanews_com. Our staff of expert researchers and copywriters are dedicated to bringing you the latest, most relevant information from all over the Metaverse and its affiliated properties. From commerce and finance, to technology and interconnectivity, MetaNews produces well researched, accurately sourced articles on a daily basis.

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NFT News

How Has NFT Security Changed Since One of The Worst Heists?

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The cyber security market is bigger than ever, and shows no signs of slowing. This is, of course, in part due to the fact that the internet is playing larger and larger roles in our lives. Yes, even though another theft has occurred and it apparently happened over the course of an entire month. How bad was the damage? Well, painfully, we have received news that over 100 million dollars of assets were stolen and duplicated. The duplication glitch is something we’re still looking into. But, for now, we need you to be aware of some of the broad ideas that have impacted this security breach.

 

 

The Scoop

As it turns out, several companies want to compete with the monolith that is the Oculus VR tech. Incidentally, Sony has announced the launch of the project that they hope will contend with that system. Not only has this been highly anticipated by gamers, but consumers in general as well.

The PS2VR will showcase Sony’s highly anticipated haptic feedback gear along with a sleek headset that blends well with their overall design theme.

 

 

The Host’s Perspective

The road to launch for PlayStation VR2 is in full swing, and we can’t wait for you to try the exciting new games and experiences you’ll be able to explore with our next-generation virtual reality headset.  As we continue with our launch efforts, today, we’d like to offer a quick peek at some of the user experience features you’ll discover on PS VR2. ” -Sony Blog

 

MetaNews is your number one resource for information on the Metaverse and the markets. We deliver the relevant news, every day. Don’t forget to check us out on Twitter! @metanews_com. Our staff of expert researchers and copywriters are dedicated to bringing you the latest, most relevant information from all over the Metaverse and its affiliated properties. From commerce and finance, to technology and interconnectivity, MetaNews produces well researched, accurately sourced articles on a daily basis.

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NFT News

NFT Laundering May Not Be As Big A Problem As Once Thought

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NFT Laundering May Not Be As Big A Problem As Once Thought. Of course, there have been a few thefts reported recently, and that’s still a problem. Yes, another theft has occurred and it apparently happened over the course of an entire month. How bad was the damage? Well, painfully, we have received news that over 100 million dollars of assets were stolen and duplicated. The duplication glitch is something we’re still looking into. But, for now, we need you to be aware of some of the broad ideas that have impacted this security breach.

 

 

The Scoop

As it turns out, several companies want to compete with the monolith that is the Oculus VR tech. Incidentally, Sony has announced the launch of the project that they hope will contend with that system. Not only has this been highly anticipated by gamers, but consumers in general as well.

The PS2VR will showcase Sony’s highly anticipated haptic feedback gear along with a sleek headset that blends well with their overall design theme.

 

 

The Host’s Perspective

The road to launch for PlayStation VR2 is in full swing, and we can’t wait for you to try the exciting new games and experiences you’ll be able to explore with our next-generation virtual reality headset.  As we continue with our launch efforts, today, we’d like to offer a quick peek at some of the user experience features you’ll discover on PS VR2. ” -Sony Blog

 

MetaNews is your number one resource for information on the Metaverse and the markets. We deliver the relevant news, every day. Don’t forget to check us out on Twitter! @metanews_com. Our staff of expert researchers and copywriters are dedicated to bringing you the latest, most relevant information from all over the Metaverse and its affiliated properties. From commerce and finance, to technology and interconnectivity, MetaNews produces well researched, accurately sourced articles on a daily basis.

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