Yuga Labs scored a key win in its court battle with a BAYC copycat creator. All that and more in this week’s Nifty Newsletter!
In this week’s newsletter, read about how Romania plans to drive Web3 adoption in the country using NFTs. Check out how Sotheby’s will auction off some NFTs of the collapsed crypto hedge fund Three Arrows Capital. In other news, find out how games and tokenization are driving the maturation of the NFT space and how a second batch of Trump NFTs sold out a day after launch. And don’t forget this week’s Nifty News featuring Yuga Labs’ victory in court.
According to Paul Niculescu-Mizil Gheorghe, ICI Bucharest’s blockchain laboratory coordinator, NFTs have become valuable assets for institutions due to their innate capability of creating unique and scarce assets. Gheorghe said this can be applied to numerous use cases.Fine art broker Sotheby’s announced it will auction some NFT artworks assembled as part of collapsed hedge fund Three Arrows Capital’s digital portfolio.
The auction includes a zombie CryptoPunk, an Autoglyph and “The Golden Goose,” which was bought by 3AC’s founders for around $5.8 million in Ether (
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