Ang Aktibidad ng NFT ay Nagbubukas ng Pagbabalik: Ang Mabuti, Ang Masama, at Ang Pangit

Ang niche ng non-fungible tokens (NFT) ay tila nagbabalik, batay sa kamakailang on-chain activity at sa kasalukuyang ingay na pinasigla ng mga pinakabagong pag-unlad sa sektor. Ang muling interes sa espasyo ngayong taon ay lumago ngayong buwan, kung saan ilang mga tatak ang nag-anunsyo ng kanilang pagpasok sa larangan o pinapaunlad ang kanilang umiiral na inisyatiba. Samantala, ilang koleksyon ng NFT ang nasangkot sa mga legal na isyu habang muling bumabalik ang atensyon sa dating masiglang merkado. Narito ang mga pinakabagong kwento sa paligid ng mga ekosistema ng NFT hanggang ngayon:

Spotify ay Nagtatrabaho sa Isang Bagong Tampok ng NFT Integration

Global music streaming service Spotify on Wednesday kinumpirma a new integration on its music platform in the form of token-enabled music playlists which select users can access. Participating NFT groups and communities will generate and curate community playlists that will then be accessible to users holding those specific tokens. For the pilot initiative, the music platform has partnered with various music gaming and metaverse communities, including Overlord and Kingship.

The function will be available in four countries outside the US: – Australia, Germany, the United Kingdom, and New Zealand, to users who stream via the Android platform. The latest feature adds to Spotify’s leveraging Web3 aspects to make its platform more appealing. Last May, the music giant debuted another NFT initiative for embedding NFT galleries on artists’ profiles to promote their work. The integration allowed users to preview the NFTs with a purchase option available via a redirect to the OpenSea NFT marketplace.

Ang Music NFTs ay Nagbibigay-daan sa mga Artista na Takasan ang Kahirapan ng ‘Middleman’

Music NFTs have become popular in recent months as developers realize more use cases of the underlying technology. They have also been touted as a potential solution to a major problem. For context, the music industry is heavily centralized, with ownership mainly under the control of major record labels, especially in the monetary aspects, such as royalties. Even though the advent of music streaming platforms has enabled a more democratic approach, there’s still a void in artists’ ability to grow a dedicated fanbase, distribute their music, and bag the entire revenue generated. In a way, music NFTs offer a solution for the trilemma of issues as they provide an avenue for fans to support their favorite artists directly.

Observers also note that they could help build a stronger relationship with fans by allowing direct interaction and ownership of digital assets. Musicians can issue free NFTs to fans as a way of rewarding their loyalty and growing their audience, which can also boost website traffic, subscribers, and new listeners. As a potential pinagkakakitaan stream for independent artists, NFTs allow the minting and selling of digital assets such as music in a more direct way than traditional methods – without the middleman. Artists can transition into this new model of monetizing their work without relying on royalties from streaming platforms.

Ang Hukuman ay Nagpapahiwatig na ang NBA Top Shot Moments NFTs ay Maaaring Ituring na Seguridad

The Chinese business unit of the National Basketball Association (NBA) announced Tuesday plans to launch basketball-themed NFTs following its partnership with Chinese fintech giant Ant Group. The professional basketball league has previously integrated NFTs and Web3 into its business model. Last year, the NBA joined forces with blockchain gaming company Sorare to introduce a blockchain game where participants can win and trade NFT basketball cards. In 2020, the NBA partnered with consumer-focused blockchain game development company DapperLabs to launch a sports-inspired NFT collection, NBA Top Shot.

The collection, which ranks seventh in all-time trading volume as per CryptoSlam, has been the subject of debate on Thursday after a federal judge ruled that the NBA Top Shot Moments may qualify as a security under the Howey test. In a Feb 22 court filing, the judge said that NFTs offered by Dapper Labs are “investment contracts” and gave a green light on a class-action lawsuit filed against the company to continue.

“Sa huli, ang konklusyon ng Hukuman na ang inalok ng Dapper Labs ay isang investment contract alinsunod sa Howey ay makitid. Hindi lahat ng NFT na inalok o ibinenta ng anumang kumpanya ay magiging seguridad, at bawat scheme ay dapat tasahin nang case-by-case […] Ito ang partikular na scheme kung paano inaalok ng Dapper Labs ang Moments na lumilikha ng sapat na legal na relasyon sa pagitan ng mga mamumuhunan at promoter upang maitatag ang isang investment contract, at ito ay isang seguridad, alinsunod sa Howey,” ayon sa hukom.

DapperLabs, which focuses on digital collectibles and blockchain-based gaming experiences, is the subject of the lawsuit, filed in Mayo 2021, alleging NBA Top Shot NFTs are securities. The company’s CEO filed a motion to dismiss the same, but it was denied on Wednesday alongside the ruling. The case is now expected to proceed. A spokesperson from the NBA Top Shot developer objected to the federal judge’s ruling, adding that the company will “masigasig na ipagtatanggol ang kanilang posisyon sa korte” in the coming days.

Mga Digmaan sa NFT Marketplace: Ang Blur ay Nangunguna sa OpenSea

Hype around the Blur NFT marketplace has been rife in the past few days. Launched last October, Blur, which brands itself the fastest NFT marketplace for pro traders, completed its highly anticipated airdrop of BLUR governance tokens to NFT traders on the Ethereum blockchain last Tuesday. The platform naglabas 360 million tokens during the token unlock event. Alongside the airdrop announcement, the marketplace sinabi it saw a trading volume of $1.18 billion in NFTs and 146,823 unique users in the first four months from launch, emerging as a fierce competitor to OpenSea in the NFT market.

Ang Airdrop ay Tumugma sa Hype, Ang Aktibidad ng NFT ay Nagbabaga

Blur has dominated OpenSea in terms of NFT trading volume for most days since the start of February. In the last seven days, the marketplace has logged a volume of $601 million, compared to OpenSea’s $104 million, according to Dune Analytics data. These figures translate to a market share of 85.2% commanded by Blur marketplace against 14.8% for OpenSea.

Blur vs OpenSea. Pinagmulan: Dune Analytics

This contrast also extends to daily volume figures. DappRadar data shows that in the last 24 hours, Blur has recorded a trading volume of $98.6 million, while OpenSea, in second place, has only managed $17.92 million. In addition, its daily average trade price has been consistently higher than on OpenSea.

Mahalagang tandaan, ang Blur ay nagbuo ng modelo ng gantimpala na iniiwasan ang pag-insentibo sa volume upang pigilan ang wash trading.  The marketplace has sought to break beyond OpenSea’s restrictive system by optimizing its royalties reward scheme to incentivize users to block the competing marketplace. Blur communicated in a Feb 15 blog post that it had reinstated royalties – fees paid to creators when their NFTs are traded on the secondary market – but will require users to block OpenSea to be eligible for full royalties.

Sinabi ng pamunuan ng marketplace na ang pagbabago ng patakarang ito ay isang depensibong estratehiya na layuning matiyak ang kanilang pag-survive – napilitan silang piliin ang hakbang na ito dahil sa hindi kompetitibong postura ng OpenSea.  Creators who authorize OpenSea and Blur cannot receive royalties from both platforms. OpenSea automatically sets royalties as optional for creators when it identifies trading activity occurring on Blur.

OpenSea ay Tumugma at Nagpatupad ng Pansamantalang 0% na Bayad

In response, OpenSea inanunsyo a massive revamp of its marketplace structure last Friday, citing a shifting landscape. The platform said that it has always made efforts to protect creator earnings for all collections, explaining that its’ Operator Filter’ was introduced for on-chain enforcement of the same. OpenSea’s team argued it was the best way to ensure that creators receive revenue from the ongoing resale of their work.

To keep up with the challenge, the marketplace said it had enacted a limited-period zero percent fee on all secondary sales, a change from the usual contentious 2.5%. OpenSea also noted that while sellers may be able to pay any amount of royalties they wish to, it has now adopted an optional creator earnings (minimum 0.5%) model for all old and new NFTs that do not employ on-chain enforcement. The third change the NFT entity introduced to woo back its veering user base was adjusting its operator filter. The updated filter will now permit the sale of NFTs on marketplaces with equivalent policies, such as Blur, meaning creators will no longer be compelled to choose between collecting earnings on OpenSea or another marketplace.

Nagbabagong Tanawin: Ang Blur ay Iniwan ang OpenSea sa Isang Malabong Kalagayan

OpenSea said its new era had dawned courtesy of recent events, among them being Blur’s decision to remove creator earnings even on filtered collections and forcing creators to choose between liquidity on their platform or OpenSea. The premier NFT marketplace also decried that, presently, nearly 80% of the ecosystem’s total volume does not offer full creator earnings, and most of it has migrated into a zero-fee environment.

The marketplace promised to continually work to optimize incentives for all actors in the ecosystem, including creators, collectors, and high-volume traders. OpenSea’s decision means it’s giving up a lot in trading fees. Still, most believe only a token drop would bring back the traders to its platform.  On Blur, activity remains ablaze. The amount of ETH burned by the marketplace in the last 24 hours ay umabot to 340 ETH, according to UltrasoundMoney. Notably, its ‘Marketplace 2’ contract leads the burn leaderboard on both 24-hr and 7-day timeframes.

Yuga Labs ay Kumilala na Baguhin ang Logo ng BAKC Kasunod ng mga Pag-aangkin ng Paglabag sa Karapatan sa IP

Creator of the Ethereum premier NFT collection Bored Ape Yacht Club Yuga Labs this week scrapped the logo for its Bored Ape Kennel Club (BAKC) after it came out that the image used was obtained without the approval of the artist and respect for the rights protecting it. The fiasco began with one Twitter user singling out the unerring similarity between BAKC’s emblem and the wolf skull drawing initially published on Apr 5, 2021, by Easy Drawing Guides – an online resource offering walkthroughs to kids and beginners on creating cartoon-like images.

BAKC’s version came into play when the collection launched in Hunyo 2021, and Yuga even applied to trademark it the following November. In response to the tweet, Easy Drawing Guides kinumpirma that it retains all intellectual property rights to the drawing and echoed its terms and conditions that strictly prohibit using its proprietary content for commercial reasons. The platform only offers a limited license to access its website, exclusively for personal, non-commercial use.

Co-founder ay Nagsisi sa Isang Kontratang Freelancer

Yuga Labs co-founder Greg Solano sinabi the claims regarding the BAKC logo were news to the company, but it had commenced an investigation into the matter.vSolano appeared to deflect blame on any misdoings to a freelancer that Yuga had contracted to create the design. The previously pseudonymous NFT creator added that Yuga has since contacted the freelancer responsible, as well as Easy Drawing Guides. BAKC nixed the logo, and Solano said the collection would launch a new one soon.

He also clarified that the BAKC has always been active in raising funds for charity and lauded the project for having already generated more than $1 million for animal-related causes. Still, Yuga Labs has benefited from the project, as its website shows that only royalty fees collected in the first six weeks (amounting to over $1 million raised from the 2.5% fee on secondary sales) were put into the charitable initiatives. Worth mentioning, the logo incident is not Yuga’s first mention as far as issues with intellectual property rights go.

Ang Kaso nina Ryder Ripps laban sa Yuga Labs

In a recent filing in the litigation pertaining to the alleged infringement of NFTs, the BAYC creator posited that its dispute with Ryder Ripps is primarily centered on trademark infringement and false designation of origin rather than defamation or copyright-based claims. However, counterclaims filed by Ryder Ripps and Jeremy Cahen, the creators of RR/BAYC, raised intriguing questions on the classification of rights of AI-generated works that could potentially impact the legal landscape for NFTs and other forms of digital art. A recent update from artist Ryder Ripps suggested that Yuga Labs had formally admitted to all counterclaims in accordance with an order issued by the US District Court, Central District of California. Ripps disseminated an elektronikong kopya of said court order via Twitter.

n accordance with an order issued by the US District Court, Central District of California. Ripps disseminated an electronic copy of said court order via Twitter.