ArtGuard

NFT Creator

The Sandbox introduces fresh royalty redistribution method

The non-fungible token (NFT) market is seeing unprecedented growth. As a result, creators and artists are looking for ways to profit from their contributions to digital assets. An essential aspect of this is the factor of NFT royalties, which allow creators to continue benefiting from their efforts even after their first sale. In this regard, The Sandbox has introduced a new royalty redistribution system. This will help to boost the platform’s marketplace creators.

Marketplace

Hong Kong mobile network provider launches NFT marketplace

China Mobile Hong Kong, a leading mobile communication brand in Hong Kong, is launching its own NFT marketplace, LinkNFT.

It will be Hong Kong’s first telecom-operated NFT marketplace. This launch coincides with the breakthrough of their comprehensive smart living mobile application, MyLink, which has acquired over seven million users.

NFT

Disclosure Unveils 1,000 Unique AI-Generated NFTs with Beatport

With their latest venture, grammy-nominated electronic music duo Disclosure is breaking new ground in the music industry. They have announced the release of 1,000 unique NFTs, each featuring an AI-generated version of their track “Simply Won’t Do” from the “Alchemy” album, which debuted in July 2023. Termed the Disclosure Bronze Editions, this NFT collection is available on Beatport’s NFT marketplace.

NFT

Meta ‘winding down’ work on NFTs for Facebook and Instagram

Meta is looking to streamline payments away from NFTs and via products like Meta Pay

“We’re looking closely at what we prioritise to increase our focus. We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses,” Stephane Kasriel, Meta’s head of commerce and financial technologies, tweeted on Tuesday.

Tech Trend

China NFT platforms expand into Hong Kong in face of compliance risks on mainland

China banned cryptocurrency transactions in 2021, but Hong Kong has set up a new licensing regime that may eventually extend to retail crypto trading
ShucangCN and NFT China officials said they aim to generate a combined 50 million yuan in revenue for 2023, compared to 2022’s 30 million yuan

Focused Features

Hermès wins landmark lawsuit over ‘MetaBirkin’ NFTs

An artist who sold non-fungible tokens featuring digital depictions of Birkin handbags has been ordered to pay $133,000 in damages to the brand’s owner Hermès, a victory for the French luxury group in a landmark case over how US intellectual property rights are applied to digital assets.

New York jury rejected artist’s claim that digital depictions of luxury bags was legally protected expression