Dolce & Gabbana has reportedly been sued by a customer who said he spent $6,000 on non-fungible tokens (NFTs) offered by the company, only to have them arrive late and without the benefits that were promised. The plaintiff brought the case on behalf of a proposed...
Hackers have apparently stolen millions of dollars worth of non-fungible tokens (NFTs) in a recent security breach. Peer-to-peer trading platform NFT Trader confirmed the breach on X Saturday (Dec. 16), saying it had “suffered an attack on old smart contracts.” And the website Revoke.cash said that the...
Amazon is making its first move into the crypto industry. And the eCommerce giant is targeting non-fungible tokens (NFTs), not cryptocurrency. That’s per a Blockworks report published Thursday (Jan. 26) revealing the online retailer’s plans to launch an NFT initiative this coming spring. The report...
The Bored Ape NFT, the Cyberpunks and others may become 21st-century Beanie Babies. That is unless they pivot their business models to capture real, diverse and recurring revenue streams. But to get there, the question remains: What is a non-fungible token good for, anyway? To...
May 30, 2024
The Treasury Department has a warning for NFT fans: use them at your own risk. The department released an assessment Wednesday (May 29) finding that non-fungible tokens (NFTs) — while rarely involved in things like terror financing — are nonetheless “highly susceptible” to theft and use in fraud and scams. “Additionally, criminals use NFTs to launder proceeds from predicate […]
May 17, 2024
Dolce & Gabbana has reportedly been sued by a customer who said he spent $6,000 on non-fungible tokens (NFTs) offered by the company, only to have them arrive late and without...
December 17, 2023
Hackers have apparently stolen millions of dollars worth of non-fungible tokens (NFTs) in a recent security breach. Peer-to-peer trading platform NFT Trader confirmed the breach on X Saturday (Dec. 16), saying it...
January 26, 2023
Amazon is making its first move into the crypto industry. And the eCommerce giant is targeting non-fungible tokens (NFTs), not cryptocurrency. That’s per a Blockworks report published Thursday (Jan. 26)...
