NFTs continue to make a splash with brands, music, entertainment and other industries. However, the excitement surrounding the NFT market has cooled a bit compared to last month. As in most markets, we see more uneasy stagnant periods. Although we have not seen anything similar to this in the last year, there is still a lot of activity and activity in the NFT token market. In this article, we list the biggest developments regarding NFTs.
Weekly NFT token review
Hip-hop artist Snoop Dogg has become an ardent NFT and crypto supporter in recent years, and with Snoop’s acquisition of Death Row Records, his label is now “metaverse-focused” “He wants to use it as a tool. This week, Snoop said:
Death Row will be an NFT layer. We will bring artists out through the metaverse or another music chain. I want to be the first major in the metaverse as we broke the industry when we first became independent to become a major. So Death Row will be in NFT country.
When most people think of NFTs, the New York Stock Exchange probably doesn’t come to mind. The NYSE, which operates the world’s largest market, has dealt with NFTs in the past and is now doubling down, according to reports this week. The NYSE has received new patents that point to the exchange’s ability to build a full-scale NFT platform. Details are limited, but the move is apparently an extension of last year’s NFT series, which the exchange released to commemorate six major public listings.
Three NFTs were seized by UK tax authorities this week as part of a tax fraud investigation by UK tax authority HMRC. The suspects are accused of using a huge fictitious identity circle equipped with prepaid phones and VPNs, as part of an effort to conceal their identities and fraudulently charge more VAT than they are owed.
Europe’s largest asset manager, Amundi, headquartered in France, manages more than 2 trillion assets. Reports that surfaced this week have revealed that Amundi is considering entering the NFT market. Vincent, chief investment officer of Amundi, says:
Ultimately, we cannot rule out that NFTs will also become investable assets.
Reese Witherspoon steps into the NFT market. Reports released this week revealed that Witherspoon’s production company, Hello Sunshine, will develop feature films and series based on NFT project ‘World of Women’.
Victoria’s Secret is being added to the clothing and fast food brands that have been thrown into the NFT market in the last few months. The company reportedly filed four patents this week, and trademark attorney Michael Kondoudis noted on Twitter that the brand is working on “virtual underwear, shoes and fashion accessories” as NFT.
It is necessary to follow the developments in the general market closely. You can reach the latest developments from the SEC-Ripple case, which we have transferred as Kriptokoin.com.
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