ByteFederal Australia

3 months ago

The U.S. Securities and Exchange Commission (SEC) has escalated its battle against the crypto community by issuing a Wells Notice to OpenSea, one of the largest NFT marketplaces. The move signals the agency’s intention to possibly bring legal action against the platform, raising serious concerns about regulatory overreach and the future of digital art. By targeting NFTs, the SEC is venturing into new, uncharted territory—one that could undermine not just platforms like OpenSea but the broader community of artists, creators, and entrepreneurs who utilize NFTs to innovate and connect with their audiences. For those less familiar with the SEC’s relentless

10 months ago

When asking, “What are NFTs?” it wouldn’t be enough to answer, “Oh, they’re non-fungible tokens.”

Even though that’s the most straightforward answer, it still doesn’t switch on a lightbulb for many people. Does anyone even know what the word ‘fungible’ means?

Fungible is another word for interchangeable. Fungible assets include stock shares, cryptocurrency, or cash.

On the other hand, a non-fungible asset is something that is one-of-a-kind. It can’t be exchanged while retaining its original value.

1 year ago

Google Play, known for its expansive range of apps and games, is poised to make a groundbreaking change. As announced by Joseph Mills, Group Product Manager, Google Play, the platform will soon update its policy to allow for new transaction avenues for blockchain-based digital content within its apps and games.