NFT Weekly: The SEC investigates the NFT market

特邀专栏作者

2022-03-07 19:03 (UTC+8)

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The slightly cooled NFT field has ushered in regulation, but there are still many NFT-related activities in industries such as music and games.

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The slightly cooled NFT field has ushered in regulation, but there are still many NFT-related activities in industries such as music and games.

While the NFT market has cooled off a bit this week, there is still plenty of activity in the market. The combination of the music industry and NFT has brought a new sensation. The SEC is investigating whether a certain type of NFT can be regarded as a security. The community is discussing the centralization of OpenSea. This week, OpenSea released a decision to restrict access based on the user's geographic location.

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SEC Investigates NFT Market

Reports published earlier this week indicated that the SEC is investigating the NFT market.

The U.S. stock exchange regulator is investigating NFT markets and creators, and hopes to investigate whether NFT developers and markets have violated securities regulations.

The main goal of the regulator is to investigate whether specific NFT tokens are raising capital in the same way as traditional securities。

In recent months, the NFT market has cooled off.

Celebrity involvement in the NFT space has brought a lot of criticism around the growing number of NFT scams and rugpulls, and this may be what prompted the SEC to investigate the NFT market.

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Billboard and Universal Music Group Collaborate on New NFT

Billboard, the authoritative music list, and Universal Music Group (UMG) are joining forces to form ChartStars.

This is a Flow blockchain-based NFT project that will commemorate Billboard's successes and milestones by releasing artist-centric digital artwork featuring decades-old hit new songs.

According to Billboard, the ChartStars NFT will feature “officially licensed art and ideas, including video clips for music videos and album photography.”secondary title

Intel unveils chips that support NFT minting

Chipmaking tech giant Intel is unveiling a new chip designed to support NFT casting and will ship later this year.

Jack Dorsey's blockchain company Block (formerly payments company Square) will be the first customers of the chip。

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OpenSea users blocked in Venezuela and Iran

One of the hot topics of discussion in the NFT community this week has been OpenSea's latest move to restrict access to users with IP addresses in Iran and Venezuela.

In a statement released by CoinDesk, an OpenSea official said,The platform “prohibits individuals and regions on the U.S. sanctions list from accessing our services — including buying, selling or transferring NFTs on OpenSea”。

OpenSea has been criticized by local Crypto users from the beginning because of the centralization of its platform. Although OpenSea has not implemented KYC for its users, compared with other NFT markets, it shows a more obvious centralization.

Given the sheer size of the NFT market and regulatory pressure from agencies like the SEC, OpenSea is in a tougher position.

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ChinaJoy launches digital collection

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Pixelmon takes on the role of "Meme Champion of the Week"

If there is a "Meme Champion of the Week" in the NFT community, we can choose this week's winner without hesitation.

Pixelmon, a gamified NFT project, raises $70M for its open-world RPG concept。

This approach to funding has allowed Pixelmon to reach the funding scale of some of the top video game development teams today.

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Shiba Inu released the first NFT

but,

but,This week, Shiba collaborated with Italian fashion designer John Richmond for a physical fashion collaboration and released 10,000 NFTs. The pair announced their partnership on the last day of Italian Fashion Week.

A unique mix of partnerships and unexpected collaborations continues to hit the NFT space.

Shiba's collaboration with Italian restaurant Welly's has disappointed fans in recent weeks. Welly's is the first and only Shib-themed restaurant.

The original text refers to bitcoinist, which was compiled and summarized by Blockchain Knight. The English copyright belongs to the original author. For Chinese reprint, please contact the compiler.