Nifty Newsletter, Oct. 11–Oct. 17: Stay Informed with the Latest NFT Trends
Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.
In this week’s newsletter, discover how a parliamentary committee in the U.K. is urging officials to take action on nonfungible token (NFT) copyright infringement issues. Learn more about a Web3 executive’s thoughts on how the NFT market slump is a sign of maturity. Additionally, find out about an incident involving MetaMask being temporarily removed from Apple’s App Store.
British MPs Call for Action on NFT Copyright Infringement
A bipartisan parliamentary committee in the United Kingdom has recently called on officials to protect creators from potential copyright violations associated with NFTs. The committee is also concerned about the potential harm caused by sporting groups issuing digital assets.
- The committee believes that the ease and speed of minting NFTs pose a significant risk to artists’ intellectual property rights.
The NFT Market Slump Indicates Maturity, Says Web3 Executive
The executive director of the Decentraland Foundation, Yemel Jardis, believes that increased community education on NFTs will shift the focus from speculative trading to genuine utility.
- According to Jardis, a steep decline in NFT prices does not indicate distress but rather marks the market’s maturation.
MetaMask Temporarily Removed from Apple’s App Store
MetaMask, the popular Ethereum wallet among NFT collectors, experienced a brief removal from Apple’s App Store on Oct. 14. This incident raised concerns among users about a potential permanent removal.
- It was speculated that the removal may have been due to Apple’s terms of service, which prohibit apps from running unrelated background processes, including cryptocurrency mining.
For more in-depth coverage and insights on the world of NFTs, check out Cointelegraph’s NFT Steez Podcast.