NFT market updates from Xillion.one: 2/07/2022
Top 5 NFTs ($ Sales Rev):
1.Bored Ape Yacht Club #8848: 417.81K
2.Bored Ape Yacht Club #8736: 409.02K
3.Azuki #3259: 390.36K
4.Bored Ape Yacht Club #9774: 347.22K
5.Bored Ape Yacht Club #4444: 329.5K
Top 5 Marketplaces ($ Sales Volume):
3.Magic Eden: 5.91M
4.Axie Infinity: 2.49M
Nike Accuses StockX of Trademark Infringement in Sales of NFTs
The online resale marketplace offers customers the chance to buy digital tokens associated with limited-edition sneakers.
The lawsuit, filed Thursday in New York federal court, is the latest dispute involving a brand over the sale of products known as nonfungible tokens, or NFTs.
Nike said the sale of NFTs based on recently released iterations of sneakers such as Nike Dunks and Air Jordans “are likely to confuse consumers, create a false association between those products and Nike” and dilute its trademarks, according to the suit. NFTs act as vouchers of authenticity on the blockchain for goods.
Cameo announces its NFT project, Cameo Pass
Personalized video app Cameo announced Cameo Pass, an NFT-based community “of Cameo talent and fans along with web3 enthusiasts,” the company says. Starting on February 17, fans can mint a Cameo Pass for 0.2 ETH — about $550 at the time of publication — which provides access to limited release artworks, exclusive in-person and virtual events and early access to new Cameo features.
The collection of NFTs will be hosted on OpenSea, featuring art by Burnt Toast of the Doodles collection, Vinnie Hager of the Letters collection and artist Luke McGarry, who sells personalized artwork through his Cameo.
Coinbase Partners With Rolling Stone Magazine—Offering Animated NFT Collection
Coinbase partnered with Rolling Stone, a popular music magazine. The American crypto exchange firm accepted the publishing company’s offered collaboration so that they can both offer a new limited edition NFT collection.
The U.S.-based culture magazine also announced the return of its Rolling Stone Live event. Once this event takes place, the new NFT collectibles, designed by 12 popular digital artists in the blockchain space, will be unveiled as well.
Alibaba’s latest NFT launch features non-tradeable badges celebrating four Winter Olympics sports
The virtual badges, in traditional Chinese ink painting style, depict speed skating, aerial freestyle skiing, slopestyle and figure skating.
Alibaba’s Winter Olympics digital collectibles are only available to mainland Chinese residents over the age of 14 years, and owners are “barred from using the digital collectibles for any commercial purpose”, according to the company.
Even state-run Xinhua News Agency has jumped on the bandwagon. On Christmas Eve, it gave away more than 100,000 digital collectibles, featuring news photos from “historical moments in 2021”.
Xillion.one by ProjectX is a launchpad for NFT issuers, Celebrities, KOLs, and other key figures who would like to set up pools of NFTs and raise funds for it via a public sale (IDO style). Project X works to provide the most secure and simplified way to gain exposure to the NFT market with the use of pools and Indexes. The aim is to create different themed pools of NFTs which include Music, Digital Art, Sports Cards, and KOL issued NFTs to name a few. They have also signed partnerships with Polygon, Terra Virtua, LOCG, Glimpse and more than 10 other blockchain companies.