Disney has partnered with NFT company Dapper Labs to launch a digital collectible platform called Disney Pinnacle. Using the platform, Disney will tokenize various characters from the Disney franchise, Pixar and Star Wars as digital collectibles. Fans can trade and collect digital pins once the NFT platform is fully released.
NFT sales volume upward trend to continue, industry execs say
Following a consistent upward trend in NFT sales volume, professionals in the industry believe that this trend will likely continue for the next six months. Jonathan Perkins, the co-founder of NFT marketplace SuperRare, said the trend will likely continue for the next six months while NFT platform Enjin’s chief financial officer, Oscar Franklin Tan, made similar comments and argued that NFTs have already been established as a unique class of digital assets separate from crypto.
China declares stealing digital collections like NFTs as criminal theft
The Chinese government declared that those who steal digital collectibles like NFTs would be liable to face theft sentences. According to the announcement, stealing a digital collection intrudes upon the system, which means it also carries out the crime of illegally obtaining computer data and theft.
Roblox CEO “dreams” of in-game cross-platform NFTs and digital objects
Roblox CEO David Baszucki has recently expressed his dream of being able to move NFTs and objects across multiple platforms, believing in the idea of users being able to move their collections to various non-native platforms. He also highlighted that various celebrities could sign up on Roblox and create and sell collectibles for charity if this dream was made into reality.
Yuga Labs confirms UV lights likely cause of eye issues at ApeFest
NFT company Yuga Labs said that UV-A emitting lights set up in the event were “likely the cause of the reported issues.” According to the official account of Yuga Labs’ Bored Ape Yacht Club collection, it determined the cause after a joint investigation with the agency that produced ApeFest.
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Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.