The Latest Developments In The Nft Space

We have summarized the noteworthy developments in the world of NFTs for you.

Former OpenSea executive Nathan Chastain, convicted of fraud and money laundering charges for allegedly trading with insider information, has filed an appeal with the United States Court of Appeals to seek acquittal. Chastain's legal team argued in the appeal petition that information obtained from NFTs is not considered "property," claiming that this information has "no commercial value" and that "not every confidential piece of information can be considered as property."

Polygon co-founder Brendan Farmer discussed the transition of inscriptions to EVM-based platforms, suggesting that parallel EVMs could solve this problem and increase blockchain efficiency to cope with spam.

Interpol's metaverse unit published a report examining various aspects of the metaverse and exploring scenarios that could be used in police training. The report emphasized that metaverse training simulations could be used to recreate crime scenes, share information, and conduct planning.

The team behind the NFT collection themed after former US President Donald Trump is attempting to boost sales of Trump NFT Mugshot Edition by offering free Bitcoin Ordinals trading cards to users who purchase 100 or more NFTs. The Pudgy Penguins NFT collection reached an all-time high on January 17, with a value of $47,000 and a base price of 19.05 Ether.

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