NFTs In A Nutshell: A Weekly Review

NFT MARKET_WATCH

Despite a relatively mild week for NFTs, with dissipating volumes and headlines, there was plenty of action and activity in what resulted in an overall busy week for crypto. A multitude of hacks and exploits, drama and activity at DevCon Bogata, and new deals like Coinbase and Google working on cloud payments together all carried the bulk of the ‘noise’ around crypto over the past week, leaving little room for NFTs to make much of a splash.

 

Despite this, there’s continually high points and low points that we look to review and encapsulate every weekend to take you through the past week of NFT action. Let’s review everything from the past week as we hit mid-October.

 

This Week’s Non-Fungible Token News : 

 

Yuga Labs Under The SEC Microscope

 

New regulation surrounding NFTs could be in the SECs future agenda, as reports emerged early last week that the U.S. regulatory body is looking into powerhouse NFT player Yuga Labs, the operator of several blue-chip projects like Bored Ape Yacht Club, Meebits and CryptoPunks.

Additionally, the SEC is reportedly looking into Yuga’s ApeCoin token with regards to whether it meets the conditions of a security.

 

Hopkins’ Collection Sells Out Swiftly 

 

Oscar-award winning actor Anthony Hopkins has recently expressed quite a bit of interest in NFTs throughout various press runs. That’s come to a head this week, as Hopkins’ NFT release has finally come and gone, resulting in a sellout debut in less than 10 minutes.

 

Hopkins released 1,000 NFTs in his ‘The Eternal’ collection, which featured visuals from his variety of roles that he played over the course of his career. While the project debuted on OpenSea, it was a collaboration between Hopkins and young NFT marketplace Orange Comet.

 

Konami The Next Major Gaming Player In NFTs?

 

Billion dollar Japanese conglomerate Konami is the latest entertainment behemoth to enter the crypto space, and NFTs are naturally a first step. Konami holds legacy IP for the likes of Metal Gear, Silent Hill, Yu-Gi-Oh!, Dance Dance Revolution, and more.

 

Konami reps have said that they “plan to launch a service where players can trade… in-game NFTs (digital items) through a unique distribution platform using blockchain.”

 

Source : https://bitcoinist.com/nfts-in-a-nutshell-a-weekly-review-71/

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