Donald Trump withdraws $2.4m profit from NFTs, Copyright Expired Mickey Version OpenSea: Nifty Newsletter
In this week's newsletter, read how NFTs topped OpenSea's trending list in 1928 using an image of Mickey Mouse. Following this, a lawyer warned the public about the limited use of characters whose copyright has recently expired. In other news, find out what Web3 experts feel about the challenges NFTs will face in 2024 in one of Cointelegraph's New Year specials. And don't forget this week's Nifty news of former US President Donald Trump releasing his NFT gains.
An early version of Mickey Mouse will be the top NFT on OpenSea after the copyright expires.
In the year The copyright for the Mickey Mouse image from the 1928 Steamboat Willie short film expired and became available to the public on January 1st. The next day, a number of Steamboat Willie-related Invincible Tokens (NFT) collections appeared at the top of NFT marketplace OpenSea 24. – Hourly viewing list.
A collection titled “Steamboat Willie Public Domain 2024” had a 24-hour turnover of around $1.2 million. This puts the collection on OpenSea's “top” list, joining popular collections such as Bored Up Yacht Club and Pudgy Penguins.
Continue reading
Lawyer on Mickey Mouse NFTs: ‘Suddenly you can't make your own Mickey products'
Steamboat Willie's copyright has expired, with a lawyer reminding the crypto community that there are restrictions on how they can use Mickey Mouse's character. In an interview with Cointelegraph, lawyer Oscar Franklin Tan said that people cannot use the 1928 drawing of Mickey to make people think that their work is associated with Disney.
As Tan explains, “Mickey Mouse, the trademark and the brand, is different from the character, it's still personal. In countries where the legal count is different, the 1928 Mickey image is still private, the lawyer said.
Continue reading
NFT Predictions for 2024: Trends and Challenges Coming Next Year
Cointelegraph spoke to various Web3 experts to get their predictions on what trends and challenges to expect in 2024. From real-world asset tokens to regulation, Web3 executives share their vision for the future of NFTs.
One of these predictions revolves around gaming. Jason Lau, chief innovation officer at crypto exchange OKX, told Cointelegraph that the new wave of Web3-enabled games will expose a wider range of players to new ways to use NFTs.
Continue reading
Nifty News: Trump issues NFT earnings, casual debate turns to ‘shit' and more
The crypto wallet associated with former US President Donald Trump transferred about $2.4 million in Ether (ETH) to crypto exchange Coinbase on December 8. State of Georgia in August 2023
Meanwhile, Bitcoiners' debate about the common protocol just got more serious. Top experts against Ordinal have started using terms like “shit” and “fart” to describe Bitcoin NFTs, saying it's bad for the network.
Continue reading
Check out the Cointelgraphs NFT SteEZ podcast
Thanks for reading this roundup of the week's most notable developments in the NFT space. Come back next Wednesday for more reports and insights into this actively growing space.
