In the latest edition of the Nifty Newsletter, delve into the attempt by Nathan Chastain, a former OpenSea employee convicted of wire fraud and money laundering related to insider trading, to secure an acquittal by arguing that the NFT information he utilized for personal gain wasn’t deemed “protected property.”
Chastain’s legal team asserts that the information lacked commercial value and emphasizes that “not all confidential information is property,” presenting their case to the United States Court of Appeals.
As inscription producers transitioned from Bitcoin to EVM-compatible platforms, a surge in inscription transactions inundated networks, notably causing the Arbitrum network to go offline for over an hour. In a Cointelegraph interview, Brendan Farmer, Polygon co-founder, suggested that parallelized EVMs could be a viable solution to this issue. Farmer explained that parallelism enables the quicker processing of unrelated transactions, potentially allowing blockchains to manage spam by enhancing their throughput.
Interpol’s metaverse division released a comprehensive report exploring diverse aspects of the metaverse and potential use cases that could benefit law enforcement agencies. The report highlights immersive police training within metaverse environments, enabling simulations for crime scene recreation, information sharing, and tactical planning. Interpol emphasizes the positive impact on frontline policing competencies.
In a bid to boost sales for Donald Trump’s controversial Mugshot Edition of NFTs, the team behind the former U.S. president’s NFT collection offers free Bitcoin Ordinals trading cards to users purchasing 100 or more NFTs. The move aims to enhance the appeal of the NFT collection and stimulate sales in the competitive NFT market.
