🎶 3LAU, Aoki Release NFT-Inspired Single

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Today's edition:

• 🎶 3LAU, Aoki Release NFT-Inspired Single

• 🙉 MonkeDAO Goes Bananas With $2 Million Aquisition

• 🍎 Apple's NFT Tax Deemed Illegal By U.S Court

• 🪙 Bitcoin NFTs Shine As Ethereum NFTs Lose Thier Sparkle

• 🐵 NFTs Battle for Trademark Protection: Bored Apes Take The Prize

• 🤮 Traders Are Tired Of Trump NFTs (Coindesk)

• 🪙 New Starbucks NFTs Attract $166,000 In Trading Volume (MarketWatch)

• 🏎️Mattel Marketplace Lets You Trade Barbie And Hot Wheels NFTs (Blockworks)

• ⚒️ Binance Integrates ChatGPT Into Its Web3 Academy (CoinTelegraph)

• 🗑️ Crypto Exchange Coinbase Sues SEC Over Rulemaking Petition (TechCrunch)

• 🏀 Bitcoin Could Be Poised For A Rebound (Coindesk)

• 🪙 Binance.US enables Web3 domain creation for Americans users (Cointelegraph)

• 📃 Ripple Launches Open Call For Web3 Financial Projects (Bitcoinist)

• 🌑 MoonPay President's Prediction On The Next Three Years (Coindesk)

• 1️⃣ OKX: Introduce "Bitcoin Ordinals" On Its Wallet (CryptoTimes)

• 🤑 Crypto Wallet Giddy Raises $6.9M In Funding (Coindesk)

• 🥊 MMA Mobile Fighting Game With NFTs Launching In 2024 (Decrypt)

3LAU, Aoki Release NFT-Inspired Single

"Punx", a CryptoPunks-inspired music duo composed of electronic musicians Steve Aoki and Justin "3LAU", is set to release their first track "Concentrate".

Here are the quick facts:

• "Concentrate" is a CryptoPunks-inspired single from 3LAU and Steve Aoki.

• Half of all royalties from the track will be given away to 99 NFT collectors from 3lau's, Aoki's, and CryptoPunks' holders to democratize the ownership of the song.

• The song draws inspiration from CryptoPunks and is aimed at embodying the spirit of the NFT collection.

As NFTs continue to shape the music industry, it is exciting to see artists like Aoki and 3BLAU embrace the technologu and explore new ways to connect with their fans. 

MonkeDAO Goes Bananas With $2 Million Acquisition

MonkeDAO, an independent Solana Monkey Business holder collective, has successfully acquired the intellectual property rights of SMB, a popular Solana-based NFT project, alongside all associated assets, keys, and accounts from Hadeswap for $2 million. The aquisition comes after a series of disputes between MonkeDAO and the creators of SMB regarding royalty payments. 

Here are the quick facts:

• MonkeDAO now owns the intellectual property rights of SMB, a popular Solana-based NFT project.

• The aquisition was made for $2 million from Hadesswap, a Solana NFT exchange.

• HadesDAO authorized the governance proposal, with 97% community members voting in favor of the takeover.

• MonkeDAO formed around SMB's Gen2 launch and has been actively participating in managing the Solana newtork validator, attending in-person events, and ivesting in startups surrounding the project.

• SMB has a trading volume of $164 million, according to CryptoSlam data.

The acquisition of SMB's intellectual property rights by MonkeDAO highlights the importance of collaboration and negotiations in the growth and success of NFT projects. 

Apple's NFT Tax Deemed Illegal By U.S. Court

Fortnite developer, Epic Games, has won a landmark case against Apple's 30% tax on NFT transactions, with the US Court of Appeals ruling the tax was anite-competitive and in violation of California's Unfair Competition Law. The decision could disrupt the NFT market and change the way they are sold on the popular app store, and may also have implications for the wider crypto industry. 

Here are the quick facts:

• The ruling was part of a re-evaluation of a lawsuit brought by Epic Games against Apple in 2020.

• Apple's mandate for developers to use their in-app payment system for NFT transactions was deemed anti-competitive and stifled innovation.

• The decision could lead to lower NFT prices and increased market competition.

• Web3 app developers may benefit if the ruling remains.

• The outcome of Apple's appeal is still incertain.

This ruling could be a step in the right direction towards fairer competition in the NFT market. It will be interesting to see if other companies follow suit, and if Apple will make changes to its App Store policies moving forward. 

Bitcoin NFTs Shine As Ethereum NFTs Lose Their Sparkle

Bitcoin is making its mark in the NFT market, with sales volumes skyrocketing to over $76 million. As the Ethereum NFT market takes a hit, the new and niche Bitcoin NFTs are gaining momentum. These unique NFTs are directly satoshis, making them forever stored on the blockchain. 

Here are the quick facts:

• The top 30 Bitcoin Ordinals collections have raked in over 2,807 Bitcoin in total sales volume.

• The Ethereum NFT market has seen a 90% decrease in trading volume from its peak in February 2021.

• Bitcoin NFTs are gaining popularity and offer a unique way to create and store NFTs on the blockchain.

It will be interesting to see how the NFT market evolves and which blockchain will dominate the space. 

NFTs Battle For Trademark Protection: Bored Apes Take The Prize

A judge in California has granted trademark protection to a the Bored Ape Yacht Club (BAYC) NFTs owned by YugaLabs, after ruling that they have specific uses and values that depend on consumers. This comes after Ryder Ripps, a conceptual artist who created similar NFTs, was sued by Yuga Labs for "trolling" the comapny and "scamming" consumers. 

Here are the quick facts: 

• Yuga Labs sued conceptual artist Ryder Ripps for creating copycat Bored Ape Yacht Club NFTs.

• The judge ruled that the BAYC NFTs have trademark protection because they have specific uses and values that depend on consumers.

• The judge denied any artistic merit in Ripps' NFTs and also ruled in favor of YugaLabs in a cybersquatting dispute.

• The amount of damages Ripps owes will be determined in a later trial.

• The price of bored apes NFTs has declined from their April 2022 highs.

While this decision may have come too late for most NFT projects, it sets a precedent for future trademarks disputes in the industry. 

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