SEC Settles First NFT Enforcement Action, Impact Theory Fined $6.1 Million

At long last, the U.S. Securities and Exchange Commission (SEC) has officially taken (and settled) its first-ever NFT enforcement action against LA-based entertainment company, Impact Theory.  According to the SEC’s press release issued on August 28, Impact Theory violated federal securities laws by offering and selling three tiers of NFTs that generated $30 million from…

Road to The Gateway Korea: DeeKay Kwon’s Art, Identity, and Evolution

As we eagerly await the arrival of The Gateway Korea, we invite you to join us on the journey to our flagship event going global. The Gateway will feature an audio-visual gallery where art, technology, and community unite. Attendees will also be able to engage in fireside chats with visionary creators worldwide, representing both Western and…

The End of Friend.tech? Activity and Fees Plummet

Decentralized social network Friend.tech, which captured attention with its buzzworthy launch earlier this month, is now facing intense scrutiny as key metrics experience a rapid decline, playing into earlier concerns about the platform’s viability and intention.  Critics across social media have begun to declare the platform “dead” following a significant drop in activity, inflows, and…

‘The Enchanted Hour’: Architectural Marvel Captured Onchain

Ryan Koopmans and Alice Wexell, both multidisciplinary artists with over two decades of combined professional photography between them, have released the third chapter of their ongoing series The Wild Within. By its simplest explanation, The Wild Within is a series of digital artworks that bring new life into abandoned buildings from bygone eras. The duo’s…

OpenAI Branches Into Video Games With Minecraft Clone

OpenAI, the parent company of ChatGPT, recently announced its acquisition of a small “digital product company” called Global Illumination. Global Illumination, founded by Thomas Dimson, Taylor Gordon, and Joey Flynn, will reportedly be working on OpenAI’s “core products, including ChatGPT.”  The team, according to the blog post, has previously designed and built products early on…

Walmart, POClab Debut ‘Cultureverse,’ a Tribute to Hip-Hop

On Monday (August 28), retail giant Walmart and next-gen creative studio People of Crypto Lab (POClab) unveiled ‘Cultureverse’ – an immersive virtual experience that pays homage to the 50th anniversary of Hip-Hop and the profound influence of Black culture, according to a press release shared with nft now. Since 2021, the studio has been at…