Chain News by Thebittimes.Com

Image Source: OpenSea The "limited" edition NFT tickets that offer a group Zoom call with former US President Donald Trump have traded for less than $25 over the past few days. Trump released his collection of NFTs in mid-December. Called "Trump Cards," the collection Features a series of digital "cards" depicting the former president in various iconic poses and situations. "These limited edition cards feature amazing ART of my Life & Career!" he said at the time.  The cards had a price tag of $99. There were a total of 45,000 NFTs, all minted on Polygon, a layer-two scaling solution that runs alongside the Ethereum blockchain and allows for speedy transactions and low fees.  Buyers of the NFTs were also supposed to enter into a sweepstake, with the chance of winning prizes, including a gala dinner, a game of golf, or a group Zoom call with the former president. Starting last month, NFT owners started to receive those NFT...

Source: AdobeStock / Corgarashu Though a court in China ruled against the claims made by a non-fungible token (NFT) buyer, it found that these tokens are virtual property protected by law. The ruling was reached by a court in the city of Hangzhou, the capital of the Chinese province of Zhejiang, in a case that involved a contract dispute regarding an NFT collection sale, said the statement by the court published on Tuesday last week. The court stated that NFT collections have the characteristics of property rights such as value, scarcity, controllability, and readability, while also possessing "unique attributes of network virtual property."  According to the court, "The contract involved in the case does not violate the laws and regulations of our country, nor does it violate the actual policy and regulatory guidance of our country to prevent economic and financial risks, and should be protected by the law of our country." The NFTs bear the crea...

Source: AdobeStock / ryanking999 And the layoffs continue amid the ongoing bear market, with the non-fungible token (NFT) platform Candy Digital becoming one of the latest companies to fire a significant number of its employees.  Candy Digital is an NFT platform founded by entrepreneur and investor Gary Vaynerchuk and Michael Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital . Sportico, citing "multiple people familiar with the decision," reported that the platform decided to lay off "a large chunk of its workforce." More than one-third of the company’s roughly 100 employees have been cut, the sources said, and have been notified about it on Monday morning. Matthew Muntner, now former Community Content Manager at Candy Digital, said on Monday that he was a part of this layoff, with many commenters saying they regret to see him leave.  Candy Digital launched last year. On June 1, 2021, a press release announced ...

Source: AdobeStock / William   Music and entertainment company Warner Music Group (WMG) has announced a collaboration with the major non-fungible token (NFT) marketplace OpenSea . This partnership would “provide a platform for select WMG artists to build and extend their fan communities in Web3,” said the announcement. Providing more detail, the announcement said that WMG artists will get early access to OpenSea’s new drops product, improved discoverability, and personalized storytelling on customized landing pages. Furthermore, the artists will have their own dedicated drop pages to host limited-edition projects. This, the company argued , would “open new opportunities for fans to engage with music and artists.” OpenSea will also be providing dedicated support in order to help WMG artists build new Web3 communities. This should further help with “introducing existing fan communities to new forms of connection and creativit...