Mar 09, 2023
Fallon’s Lawyers File Petition to Quash Subpoena
The NFT industry has seen a surge of activity in recent months, with the market reaching a three-month high and celebrities like Jimmy Fallon getting involved. Let’s take a look at some of the key developments in the space.
Jimmy Fallon’s Lawyers File Petition to Quash Subpoena
Lawyers for The Tonight Show host Jimmy Fallon have filed a petition to “quash” a subpoena in the Yuga Labs Inc. v. Ripps et al. case. The petition claims that Fallon has no connection to the dispute, is not a party to the Ripps litigation, and has never met or interacted with Ryder Ripps or Jeremy Cahen.
Yuga Labs is suing Ryder Ripps and Jeremy Cahen for issuing a “copycat” nonfungible token (NFT) collection that resulted in trademark infringement, false advertising and unfair competition. Fallon is also a co-defendant with Paris Hilton in a separate securities litigation involving Yuga Labs.
Getty Images and Candy Digital to Sell NFTs from Archives
In an attempt to capitalize on the growing popularity of NFTs, Getty Images and NFT platform Candy Digital are offering rare photos in NFT form. The collection includes works by Don Paulsen, David Redfern and other photographers depicting iconic figures like Elvis, David Bowie and The Rolling Stones.
The NFTs will be available for purchase on Candy Digital’s website starting on March 21, with prices ranging from $25 to $200. The release will be available to buyers in several countries, including the United States, the United Kingdom and Japan.
Forkast Launches NFT Price Tracker Indices
Forkast Labs, a data intelligence service formed by the merger of Forkast.News and NFT market tracker CryptoSlam, has launched a series of NFT indexes to provide real-time insights into the digital asset economy. The Forkast 500 NFT index will measure performance across 21 blockchains, including Ethereum, Solana, Polygon and Cardano, and is designed to be a proxy of the entire NFT market.
The indexes aim to provide a more comprehensive measure of the health of the NFT economy, which is difficult to discern using traditional market rankings based on prices, sales and transaction volumes.
NFT Market Hits 3-Month High as Blur Responsible for High Trades
The NFT market is experiencing a bullish trend, according to data derived from NFT tracker CryptoSlam, reaching a 3-month high for the second consecutive day with over 125,000 trades in the past 24 hours. Trading surpassed $2.04 billion last month, up 117% from $941 million in January.
This growth is due to Blur, an evolving market that surpassed OpenSea in trading volume just this month. Blur’s trading volume jumped over $1.13 billion in February from the month prior, a statistic that accounts for almost all of the entire NFT market’s month-over-month gains.
As the NFT market continues to expand, it is becoming increasingly important to understand the financials of the industry. This is why Forkast Labs has launched a series of NFT indexes to provide real-time insights into the digital asset economy. Additionally, Getty Images and Candy Digital have partnered to offer rare photos in NFT form, and Jimmy Fallon’s lawyers have filed a petition to quash a subpoena in the Yuga Labs Inc. v. Ripps et al. case.
The NFT market has seen a surge in activity in recent months, with trading volumes reaching a three-month high and a growing number of celebrities and companies getting involved. This has opened up a wealth of opportunities for NFT marketers, who can use platforms like Twitter to promote and sell their NFTs.
NFT marketing agencies are also popping up, offering services such as content creation, influencer marketing, and media outreach. These services can be invaluable for artists and entrepreneurs looking to make a splash in the NFT market.
As the NFT market continues to grow and evolve, it is important to stay informed of the latest developments and trends. With the right information, you can make more informed decisions about when and how to sell your NFTs.
Disclaimer: All investment or financial opinions expressed by MoonLanding Media are not recommendations and are intended for entertainment purposes only. Do your own research prior to making any kind of investment. This article has been generated based on trending topics, has not been fact checked and may contain incorrect information. Please verify all information before relying on it.
