Tag: nft

DraftKings' NFT Settlement: A Needed Course Correction or Overreach?

DraftKings' NFT Settlement: A Needed Course Correction or Overreach?

Now that the digital dust has settled on DraftKings’ $10 million settlement… That’s particularly the case with their Reignmakers NFT platform, which is at the center of this decision. The class-action lawsuit alleged DraftKings was offering unregistered securities. To the surprise of many, a federal judge expressly ruled that these...

DraftKings' $10M NFT Settlement: A Win For the Little Guy?

DraftKings' $10M NFT Settlement: A Win For the Little Guy?

Imagine this: a bright-eyed college student, let's call him Alex, scrolling through Twitter, sees the hype around DraftKings' Reignmakers NFTs. He's a sports fan, tech-savvy, and figures, "Why not? It's a fun way to maybe make some extra cash." He loads up a few hundred bucks into these dorky looking...

CloneX Debacle: A Wake-Up Call for Responsible NFT Infrastructure

CloneX Debacle: A Wake-Up Call for Responsible NFT Infrastructure

The CloneX incident – art disappearing as a result of a Cloudflare terms of service infringement – was not an isolated occurrence. It’s a very loud and very bright neon sign blinking directly at all the very real cracks in the foundation of our NFT infrastructure. Let's be blunt: it...

Cloudflare's NFT Censorship Proves Web3's Broken Promise to Gen Z

Cloudflare's NFT Censorship Proves Web3's Broken Promise to Gen Z

Who could forget when Web3 was going to free us as digital entrepreneurs and disintermediate everything? Decentralization! Ownership! Freedom from the clutches of Big Tech! Yeah, about that…For example, just last week, Cloudflare blocked access to RTFKT’s CloneX NFT artwork. This move dramatically exposes the emperor’s lack of raiment. Or,...

CloneX NFT Art Vanishes! Cloudflare TOS Strike & Decentralization

CloneX NFT Art Vanishes! Cloudflare TOS Strike & Decentralization

The world of Non-Fungible Tokens (NFTs) experienced a stark reminder of the internet's centralized nature recently when artwork associated with RTFKT's CloneX project temporarily disappeared. This wasn't due to a blockchain issue, but rather a takedown related to Cloudflare's Terms of Service (TOS). This case illustrates the weaknesses of depending...

Mahomes' Museum: Is This NFT Drop a Touchdown for Fans?

Mahomes' Museum: Is This NFT Drop a Touchdown for Fans?

Patrick Mahomes, the Kansas City Chiefs superstar quarterback and one of sports’ biggest stars, is no stranger to headlines at work and away. Now, he’s taking on the world of digital collectibles with his own NFT marketplace. Is this new business a victory for art lovers everywhere, or simply another...

Mahomes' NFT Play A Smart Move Or Risky Fumble For His Brand?

Mahomes' NFT Play A Smart Move Or Risky Fumble For His Brand?

Mahomes launching "The Museum of Mahomes"? It's got my attention, but as someone who's seen trends come and go, I'm asking: is this a touchdown or an interception?NFT Craze: The New Beanie Babies?Let’s face it, the NFT marketplace hardly resembles old-school technology innovation and more closely resembles the dot-com bubble...

Mahomes' NFT Museum Aims High, But Will It Sideline Real Fan Value?

Mahomes' NFT Museum Aims High, But Will It Sideline Real Fan Value?

Patrick Mahomes. The name itself evokes an entire mythology of no-look passes, Super Bowl championships and a seemingly infinite reservoir of charm. He's a cultural icon. Now, he's stepping into the world of NFTs with "The Museum of Mahomes," and while the ambition is clear, I can't help but wonder...

CloneX's Collapse Shows Why Web3 Needs More Regulation, Not Less

CloneX's Collapse Shows Why Web3 Needs More Regulation, Not Less

I think of Sarah, the single mother I met on a chat board. She poured her stimulus check into a CloneX NFT, believing the hype, the promises of a digital future where she could build wealth for her daughter. To her, it was a lifeline, an opportunity to break free...

CloneX's Fall: A $119M NFT Project, Lost to Broken Links?

CloneX's Fall: A $119M NFT Project, Lost to Broken Links?

The new world of NFTs, with its allure of digital ownership and revolutionary technology, is not free of traps. One of the most high-profile examples is the CloneX project. This formerly lauded NFT collection faced an extinction event due to the pitfalls of centralized hosting. This unfortunate event provides an...