Check Out The Latest Headlines in the NFT Ecosystem! 📰
🚫 The most critical news piece in the #NFT world came from #Mojang which formally banned the use of NFTs in Minecraft. The company stated that NFTs were against its values, as they foster price speculation, scarcity, and exclusion.
The NFT community has deemed this move hypocritical, as NFTs don’t enforce scarcity, but instead provide proof of ownership to users.
Other news included:
🔸 AAA Publisher Epic stated that they will not follow the NFT ban narrative in their games.
🔸 #YugaLabs is facing a class action lawsuit for "inappropriately inducing investors to buy financial products created by Yuga Labs"
🔸 #CryptoPunk 4464 has been bought for 2,500 #ETH, worth $2.6 million at the time of purchase.
🔸 Japanese banking giant #smbc ($2.1 trillion in assets) to develop NFT and Web3 projects
AssetMantle is Redefining Digital Asset Ownership.
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🚫 The most critical news piece in the #NFT world came from #Mojang which formally banned the use of NFTs in Minecraft. The company stated that NFTs were against its values, as they foster price speculation, scarcity, and exclusion.
The NFT community has deemed this move hypocritical, as NFTs don’t enforce scarcity, but instead provide proof of ownership to users.
Other news included:
🔸 AAA Publisher Epic stated that they will not follow the NFT ban narrative in their games.
🔸 #YugaLabs is facing a class action lawsuit for "inappropriately inducing investors to buy financial products created by Yuga Labs"
🔸 #CryptoPunk 4464 has been bought for 2,500 #ETH, worth $2.6 million at the time of purchase.
🔸 Japanese banking giant #smbc ($2.1 trillion in assets) to develop NFT and Web3 projects
AssetMantle is Redefining Digital Asset Ownership.
Website | Twitter | Instagram | Blog | Discord | Reddit