Another interesting week in the NFT world. Here is our summary of the NFT news of the week (March 11-17), sponsored by NFT Think Tank.
BaFin Unsure If NFTs Fall under Securities
BaFin, the Federal Financial Supervisory Authority of Germany, has recently stated that it is not yet prepared to categorize non-fungible tokens (NFTs) as securities. Instead, BaFin suggests that NFTs should be evaluated on a case-by-case basis for classification and regulatory purposes.
Meta Backs Out From NFT Plans For Facebook And Instagram
Meta backs out from NFT plans for Facebook and Instagram. Barely a yIt’s only been a year since Meta CEO Mark Zuckerberg announced his plan to integrate NFTs into his company’s social media platforms Facebook and Instagram. Barely a year after its pilot, a spokesperson revealed that they are now scrapping the project.ear after its pilot, a spokesperson revealed that they are now scrapping the project.
Lionel Messi Supports Blockchain Gaming with $21M Seed Funding
Lionel Messi’s investment firm, Play Time, has backed the Football-based NFT game, Matchday, with a seed round funding of $21 million. Messi’s involvement is indicative of the growing popularity of blockchain gaming, which has proven to be resilient in challenging market conditions.
Matchday is a developing Football-based NFT game where players can create their own fantasy rosters and earn rewards for playing and participating. The game will hold official licensing from FIFA and FIFPRO players association, signifying its legitimacy.
Starbucks Launch First Set Of NFTs
The multinational coffee company Starbucks has been working on its Web3 debut for quite some time, and people are eagerly lining up for things other than just the viral pink coffees. Recently, Starbucks released its first set of limited edition NFTs, and customers wasted no time in placing their orders through the Web3 platform. The NFT loyalty program sold out in only 18 minutes.
Other NFT News
- Salesforce rolls out Platform for big brands to create an NFT Loyalty Programs.
- Binance NFT adds Polygon (MATIC) network support to its marketplace.
Pascal is a passionate entrepreneur and one of the founders at Blockzeit. As a crypto and blockchain enthusiast his goal is to bring more transparency into the blockchain industry.