NFT News and Notes

• The Future of NFTs? Legal Experts Respond to the Hermès Lawsuit
  In 2023, new rules and regulations are entering the NFT space at an unprecedented pace. The collapse of FTX kicked Web3 regulation into overdrive, and prominent NFT projects are being investigated for fraud. Yet, perhaps the best evidence of this turning of the tide is the recent resolution of Hermès v. Rothschild trademark lawsuit. Last […]
• The Rise and Demise of CryptoZoo: A Deep Dive Into Logan Paul’s NFT World
  The start of 2023 has been rocky for Logan Paul and his NFT escapades. It seemingly all started with a multi-part video expose created by a YouTuber known as Coffeezilla (whose real name is Stephen Findeisen). In the series, Findeisen chronicles the rise and ultimate demise of Paul’s once-popular NFT project CryptoZoo, offering evidence that […]
• Ethereum and NFTs: A Comprehensive Guide for Beginners and Experts
  Ethereum is one of the world’s most popular blockchains, and it’s a great place to start if you’re interested in non-fungible tokens. Currently ranked second in market cap among all the world’s cryptocurrencies, Ethereum has only grown more popular since its launch in 2013. And despite the recent increase in blockchains supporting NFTs, most NFT trade […]
• Breaking: Hermès Wins NFT Trademark Lawsuit
  The Alpha: It’s a big day for legal precedent in Web3, as the lawsuit between luxury brand Hermès International SA, and Mason Rothschild, the artist behind the controversial MetaBirkin NFT project, has been settled. After six days of proceedings in a Manhattan courtroom, the ruling came back that Rothschild’s sale of handbag-inspired NFTs violated Hermès’ rights […]
• Reddit and NFL Drop Super Bowl LVII Collectible Avatars
  The Alpha: Reddit’s Collectible Avatars (which are definitely not NFTs) are back. After teasing their release last week, the social media platform dropped the Super Bowl LVII x Reddit Collectible Avatar collection yesterday in collaboration with the NFL. The NFTs are free and, like Reddit’s previous drops, provide owners with unique benefits on the platform. […]
• Jack Butcher’s Checks Derivatives Have Taken Over Web3
  Without a doubt, Jack Butcher’s Checks VV is taking over Web3. What began as an artistic experiment and social commentary on the concepts underpinning Web2 and Web3 has grown well beyond the walls of its own making. At this point, Checks’ identity has shown up in derivative projects that span everything from early 2000s memes […]
• How Ordinals Fractured the Bitcoin Community (and Why It Was Necessary)
  The new Ordinals protocol just made everyone’s answer to the question “What is Bitcoin?” a lot more complicated. Software engineer Casey Rodarmor launched the protocol on the Bitcoin mainnet on January 21. It allows digital artifacts like images, text, programs, and even video games to be inscribed directly on the Bitcoin blockchain. In other words, […]
• Upcoming Drops: February 6-12
  Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL. Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of great art and ideas, it’s […]
• Ryan Carson Faces Backlash For ‘Flux’ Web3 Fund. What Went Wrong?
  The Alpha On February 3, 2023, Ryan Carson, a prominent Web3 builder and Proof Collective’s former COO, announced a new Web3 fund called Flux. In a now-deleted tweet announcing the fund, Carson stated that he intended to raise $10 million through 100 investors and claimed that 21 spots were already gone. NFT community members, including […]
• Cautionary Tales From Hyped NFTs: Pixelmon, Hape Prime, and More
  We’ve all witnessed it happen: a 10,000 supply PFP project comes out of nowhere and becomes the hot new thing seemingly overnight. Clad with flashy animated teasers and cryptic tweets, the social media accounts supporting these projects somehow find a way to attract hundreds of thousands of followers in record time, prompting those in the […]