Nifty Newsletter, October 11–October 17
Welcome to the latest edition of Cointelegraph's Nifty Newsletter. Keep reading for updated stories on intangible tokens. Every Wednesday, Nifty Newsletter will inform you and encourage you to delve into the latest NFT trends and insights.
In this week's newsletter, read how a parliamentary committee in the UK has urged authorities to crack down on non-volatile token (NFT) copyright infringement cases. Check out a Web3 executive's suggestion that the NFT market decline is a sign of maturity , and in other news, learn more about the incident where MetaMask was briefly removed from Apple's App Store.
UK MPs Urge Action Against NFT Copyright Infringement, Crypto Enthusiast Tokens
A bipartisan parliamentary committee recently urged authorities in the United Kingdom to take action to prevent copyright infringement from NFTs. The committee called on the government to address the potential harm to sports teams that issue digital assets.
According to the members of the committee, “the most serious issue” is the danger to the intellectual property rights of artists, as NFTs can be easily and quickly processed.
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Experts argue that the decline in the NFT market shows that it is maturing into a “real utility”.
Yemel Jardis, executive director of Decentraland Foundation, told Cointelegraph that he believes that with more community education on NFTs, the focus will shift from speculative trading to real utility.
According to the executive, a sharp drop in the price of NFTs should not be seen as a sign of distress. Jardi didn't call the NFT market a “resurgence” — rather, it's “maturing.”
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Apple will shortly pull MetaMask from the App Store.
Ethereum wallet MetaMask, popular among NFT collectors, was removed from the Apple App Store on October 14.
At the time, Apple users were unable to download the app from the MetaMask website. Some speculate that Apple's terms of service are behind the app's demise. Apps that run “unconnected background processes” like cryptocurrency mining are banned under the App Store rules.
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Check out the Cointelgraphs NFT SteEZ podcast
