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Singapore court authorizes freeze order attached to wallets as soulbound NFT

The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary (iSanctuary) to attach nonfungible tokens (NFTs) containing a legal document to cold wallets associated with a hack, according to United Kingdom-based iSanctuary and local press accounts.A court-issued worldwide freeze order was tokenized as soulbound NFTs and attached to the

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NFT giants are protesting Blur and OpenSea over royalty rates

Major NFT creators Yuga Labs and Bored Ape Yacht Club reconsider listings on dominant platforms Blur and OpenSea, challenging recent royalty cutbacks. Major players in the non-fungible token (NFT) space, including Yuga Labs Inc., creators of the Bored Ape Yacht Club and CryptoPunks, along with Pudgy Penguins collection, are reevaluating their

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NFT market slump shows it’s maturing toward ‘genuine utility,’ execs argue

A steep collapse in the price of nonfungible tokens (NFTs) shouldn’t be seen as a sign of distress but rather a signal the technology is maturing, according to Web3 executives.“I wouldn’t say the NFT market has regressed,“ Decentraland Foundation executive director Yemel Jardi told Cryptox. “Rather, it’s maturing."Jardi’s comments come

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