Star Trek NFT trademarks approved, y00ts coming to Ethereum: Nifty Newsletter

In this weeks newsletter, checked out CBS Studios receiving approval for Star Trek NFT trademarks, have a look at how FC Barcelona got investment for its nonfungible token (NFT) effort, and discover why NFT task y00ts is bridging to another network just months after its previous transfer. In other news, Canadian authorities are attempting to develop a repository for taken crypto and NFT assets, and dont forget this weeks Nifty News, featuring Coca-Cola launching an NFT collection on Coinbase layer 2, Base. Star Trek trademarks for NFTs: The last frontierThe patent application filed by CBS Studios over the Star Trek names usage in crypto and NFTs has been approved by the United States Patent and Trademark Office. CBS made an application for the patent back in April, which was lastly approved on Aug. 8. The hallmark consisted of usage for digital crypto collectibles and NFT-authenticated video. With the brand-new update, Star Trek Continuum will become a line of NFTs featuring different starships from the adventures held in the science fiction television series. Continue readingFC Barcelona protects $132 million investment for blockchain and NFT ventureSoccer group FC Barcelona has announced it has actually received a $132 million investment for its Web3 initiatives, consisting of NFTs and the metaverse. According to the statement, incorporating digital content around Web3 and blockchain is part of the clubs Barça Vision initiative.The soccer club got the capital by offering a 29.5% stake in Bridgeburg Invest, which is the holding business for Barça Vision. The financial investments came from Libero Football Finance and Nipa Capital.Continue readingNFT job y00ts to return $3 million grant as it ditches Polygon for EthereumDeLabs, the business behind the NFT project y00ts, has just recently revealed that it will move to Ethereum just months after moving the majority of its NFTs to Polygon from Solana. According to the statement, the group will unify its NFT degods, y00ts and projects, with the relocation. The company will likewise return the $3 million grant from Polygon Labs that it received back in January to support its migration to Polygon. Continue readingCanada to establish repository for storing crypto and NFT seizuresAn announcement made by the Royal Canadian Mounted Police (RCMP) highlighted that they are looking for a solution that will help with the storage of seized NFT and crypto properties. According to the RCMP, a central repository will assist the authorities to seize these assets in an easy to use way. In addition, this will also offer security to prevent theft while they are in storage. For NFT support, the Canadian authorities department requires an option that supports the Ethereum, Solana and Polygon blockchains. Continue readingNifty News: Coca-Cola gets Based, Reddit avatars reach 20 million turning point and moreBeverage brand name Coca-Cola is diving into Web3 with the assistance of crypto exchange Coinbase. Through its layer-2 network Base, Coca-Cola is launching its first NFT collection including works from numerous artists. On The Other Hand, Reddit Collectible Avatars has struck the 20 million milestone and reached a cumulative sales volume going beyond $40 million. Continue readingCHECK OUT COINTELEGRAPHS NFT STEEZ PODCASTThanks for reading this absorb of the weeks most noteworthy developments in the NFT area. Return next Wednesday for more reports and insights into this actively evolving area.

In this weeks newsletter, read about CBS Studios receiving approval for Star Trek NFT trademarks, examine out how FC Barcelona obtained financial investment for its nonfungible token (NFT) initiative, and find out why NFT job y00ts is bridging to another network simply months after its previous transfer. Continue readingFC Barcelona secures $132 million investment for blockchain and NFT ventureSoccer team FC Barcelona has actually revealed it has gotten a $132 million investment for its Web3 initiatives, consisting of NFTs and the metaverse. The investments came from Libero Football Finance and Nipa Capital.Continue readingNFT project y00ts to return $3 million grant as it drops Polygon for EthereumDeLabs, the business behind the NFT job y00ts, has actually just recently announced that it will migrate to Ethereum simply months after transferring many of its NFTs to Polygon from Solana.

Other Questions People Ask

What are the implications of CBS Studios receiving approval for Star Trek NFT trademarks?

The approval of CBS Studios for Star Trek NFT trademarks signifies a major step in the integration of popular franchises into the NFT space. This allows CBS to create digital crypto collectibles and NFT-authenticated video content based on the beloved Star Trek series. The upcoming Star Trek Continuum line will feature various starships, enhancing fan engagement and potentially generating new revenue streams through digital assets.

How is FC Barcelona funding its NFT and blockchain initiatives?

FC Barcelona has secured a substantial $132 million investment to bolster its Web3 initiatives, which include NFTs and metaverse projects. This funding was achieved by selling a 29.5% stake in Bridgeburg Invest, the holding company for its Barça Vision initiative. The investment from Libero Football Finance and Nipa Capital will enable the club to expand its digital content offerings and enhance its presence in the blockchain space.

Why is the NFT project y00ts migrating to Ethereum from Polygon?

The NFT project y00ts is migrating to Ethereum just months after moving to Polygon, as announced by DeLabs, the company behind the project. This decision aims to unify their NFT collections, including degods and y00ts, under one network for better integration and community engagement. Additionally, the team has opted to return a $3 million grant from Polygon Labs, signaling a strategic shift in their operational focus.

What steps is Canada taking regarding seized crypto and NFT assets?

The Royal Canadian Mounted Police (RCMP) is working on establishing a central repository for storing seized crypto and NFT assets. This initiative aims to streamline the process of asset seizure while ensuring security against theft during storage. The repository will support multiple blockchains, including Ethereum, Solana, and Polygon, reflecting the growing importance of NFTs and cryptocurrencies in law enforcement.

What recent developments are featured in this week's Nifty News?

This week's Nifty News highlights Coca-Cola's entry into Web3 with its first NFT collection launched on Coinbase's layer-2 network, Base. Additionally, Reddit's Collectible Avatars have reached a significant milestone of 20 million sales, with a cumulative sales volume exceeding $40 million. These developments showcase the increasing mainstream adoption of NFTs across various industries.