Sports gambling company DraftKings has announced the immediate shutdown of its non-fungible token (NFT) business, including the Reignmakers platform and its NFT Marketplace. The decision follows recent legal developments, including a class action lawsuit alleging that DraftKings’ NFTs were unregistered securities. This legal action gained traction when a federal judge allowed the case to proceed,…
Explore the evolving world of NFT DApps: Decentralized applications built on blockchain are revolutionizing our understanding of digital ownership and providing lucrative opportunities for creative expression. NFT DApps: The interplay between NFTs and DApps creates a vibrant ecosystem where digital ownership, decentralized finance, and programmable assets converge, bringing forth innovative solutions across many domains. The…
Recently, a CryptoPunks NFT entered the annals of history with a staggering $16 million sale, underscoring its profound impact on the NFT landscape. Recent developments in the Ethereum market have seen a decline in its price, despite it achieving its highest value in more than two years. Nevertheless, amidst this downturn, a noteworthy transaction took…
