Copyright infringement, wash trading and other minor to major issues have put NFTs in a gray-zone. Continuous legal problems may potentially cause a number of unfavorable effects on the growth of NFTs as well as their future. Previously, the US-based NFT marketplace Cent officially suspended all transactions of blockchain-backed digital arts on its platform in [...]

The post The Wild West: NFT Copyright Infringement is Getting Worse appeared first on Blockonomi.

Smart contract-capable platform called Avalanche (AVAX) aims to improve blockchain technology particularly in terms of interoperability, scalability and usability.

The United States Securities and Exchange Commission (SEC) has once again postponed the approval of the proposal from Grayscale Investments to convert its flagship Bitcoin Trust (GBTC) into a spot Non-Fungible Token (NFT) product. (Read More)

Aggressive expansion of digital asset ETPs with recent ETN launch on German and Swiss exchanges, allowing investment in bundle of world’s largest cryptocurrencies Research, indexing solutions and other investment approaches from VanEck provide single point of contact for solving investors’ most pressing education and access challenges NEW YORK–(BUSINESS WIRE)–Leading global asset manager VanEck begins 2022 […]

The post VanEck Launches Its First Multi-Token Cryptocurrency Fund appeared first on Fintech News.

Tether has long been viewed as a problem by certain organizations as it enables bitcoin businesses to operate beyond the rails of banking.

Reddit won’t miss any opportunity to emerge into the NFT space amid the movement of other tech giants into the space. Reddit has officially entered the lucrative NFT market. It has experimented with NFT avatars, allowing users to utilize NFTs as profile images on the content-generation social platform. Following Twitter’s transition to NFT integration, Reddit [...]

The post Reddit Is Digging Into NFTs: Testing NFT Avatars appeared first on Blockonomi.

The United States Securities and Exchange Commission (SEC) has published an order disapproving a proposed rule change to list and trade the shares of the Fidelity Investment-backed Wise Origin Bitcoin Trust under the BZX Rule. (Read More)

According to reports, the SEC has rejected Fidelity’s spot settled Bitcoin ETF application. After postponing a decision on Fidelity’s Wise Origin Bitcoin Trust which was filed in March last year several times, the SEC has finally announced that it is rejecting the proposal. The Securities regulator cites that the proposal failed to meet investor protection

The post Breaking: SEC Declines Fidelity’s Spot Bitcoin ETF appeared first on CoinGape.

Albania, the small Mediterranean country that once was ruled by the Medici and itself apparently ruled Egypt under the Ottomans, has legalized bitcoin this summer with it to be treated...

His announcement comes two weeks before the launch of the protocol's NFT collection, the Cats and Watches Society collection. The event set to unroll on January 17 will also entail the launch of its V2 marketplace. 

According to Mr. Mihai, his first purchase from the BAYC collection is his way of showing his support towards NFTs. Furthermore, he considers it the best time to join the BAYC movement, before the launch of the DYP NFT collection.

So far, the BAYC collection has been making a name for itself in the market, holding some of the most coveted pieces in the space. According to a Dune Analytics report, the collection has garnered over $500 million since the start of its sales. 

The collection contains 10 000 of the Bored Ape NFTs, with some selling as high as over 700 ETH. Mr. Mihai is now among the many who have invested in BAYC, considering notable figures, such as Snoop Dogg, Eminem, Jimmy Fallon, Post Malone, Steve Aoki, and more.

The Cats and Watches Society Collection

The Cat and Watch Society collection is a brainchild of the DYP protocol, leveraging the support of the Binance Smart Chain, Avalanche network, and Ethereum blockchain. The collection, also dubbed PAW, will be inclusive of 10 000 cats with 182 traits for any interested party to choose from, including clothes, color, watches, to mention but a few.

To avoid bias during the sale, the protocol will ensure that every PAW NFT sells at the same price; that is, $250 dollars for every Cat, while eliminating price tiers to prevent price differences. 

Owning a Cat gives you exclusive access to members-only benefits, including access to the marketplace and a Society Account. However, you need to own a Metamask wallet account for the process to be complete. Additionally, Cat holders will receive rewards from 20% ((10% from minting fees and 10% from selling fees) of all sales made every week.

DYP Could be the Next Big Thing in NFTs

DYP and its team are taking advantage of the greener pastures that the NFT market is laying out for crypto enthusiasts. While the step by its founder could seem like a rash decision, it stands as an indicator of his faith in the sector.

Furthermore, the creation of the Cats and Watches Society collection can open more doors for the protocol as a viable investment opportunity. As it stands, it has managed to bury its roots into the DeFi industry, offering lucrative yield farming opportunities while protecting its investors from market manipulation.

The collection wishes to speak of novelty through its NFTs while offering watch enthusiasts a chance to make the most out of the trendy elements present. Nonetheless, there is more to come, which means greater potential for the PAW collection. 

Soon, the cryptoverse should expect more, including a PAW metaverse, a Play-to-Earn opportunity for holders, PAW staking options, free watch minting, and more. These steps combined with its marketplace will make DYP a crucial part of the current and future NFT market.

About DYP

The DeFi Yield Protocol (DYP) is a unique platform that offers solutions for yield farming, staking, NFTs, and enabling users to leverage the advanced trading tools of the DYP. The DYP made history in the DeFi space by becoming the first and only protocol to reward users in Ethereum. The protocol employs an anti-manipulation feature that aims to limit the market impact on users' converting rewards into ETH and other native platform tokens.
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Open-source proof of stake blockchain Tezos (XTZ) received a boost this week from a partnership with the gaming company behind hits like Assassin’s Creed, Tom Clancy, and Far Cry. In a press release, French video game company Ubisoft announces a partnership with Tezos to create Ubisoft Quartz, a platform for playable and energy-efficient non-fungible tokens […]

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