Star wars nft drop

The series comprises 1,138 images chosen by curator Ben Moore and was launched on Nov. 6 in partnership with NFT minting platform Dropspace. The drop reportedly sold out within five seconds at 0.6 Ether each, garnering 682.8 ETH (worth $3.03M at the time) for the Moore and Dropspace.

However, the legal team representing around 30 artists whose work was included in the NFT drop, alleges that roughly 100 of the tokens are unauthorized reproductions that were sold without the artists’ consent.

Since 2013, Moore has held Art Wars as an inaugural event that exhibits Stormtrooper helmets featuring paintings from renowned artists.

Stormtrooper Helmets

After connecting with other artists who felt their work was being sold without permission, the group’s ranks grew to more than two dozen working together to take action against Moore.

Star wars nft drop

Satoshi Nakamoto left a large pair of shoes to fill after releasing the code for Bitcoin (BTC) to the world, helping the network get established, then vanishing without so much as a trace.

Over the years, the crypto ecosystem has seen many developers and protocol creators rise in stature to become crypto messiahs for faithful holders who eventually have their best-laid plans end in catastrophe when the protocol is hacked, rugged or abandoned by whimsical developers.

2022 is hardly halfway complete and the year has already seen a particularly bad stretch of good intentions gone awry that have collectively helped plunge the market into bear-market territory.

The main takeaway is to be vigilant when a developer is seen as incapable of doing wrong and remember that cult-like followings can have outcomes that ripple beyond their community.

Related: Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash

Decentralization requires involving the community

Another red flag to be on the lookout for is decentralized autonomous organizations (DAOs) and DeFi protocols that operate in a manner that appears to be more centralized than their name would suggest.

It’s common for many protocols to claim that they are decentralized, yet they rely on centralized service providers like Amazon Web Service to ensure that they function properly.

Due to a major AWS outage, dYdX exchange is currently down.

Star wars nft drops

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Star wars nft drop-d

While Prior already sells his physical artwork, NFTs provide the added opportunity for artists to profit off digital artwork in a way that wasn’t feasible before due to the lack of verifiable scarcity, authentication, and of course,intellectual property protection.

The NFT drop included artwork inspired by Star Wars, Martin Scorsese film “The Wolf of Wall Street.”

Point being, we are starting to see a new era of digital art, blockchain, and pop culture. Today, the NYSE played host to Grogu (also known as Baby Yoda) to celebrate Star Wars Day.

The latest Star Wars spinoff arrived today on DisneyPlus, offering a different type of show than what fans may be used to compared to The Clone Wars, Rebels, or The Mandalorian.

Star wars nft dropbear

Moore did not immediately respond to questions sent by The Defiant to his email accounts.

While OpeaSea and Rarible have since removed listings for Art Wars NFTs, the series drove nearly 1,000 ETH worth of secondary trade, with The Financial Times estimating that 1,600 Ether ($6.58M at current prices) had interacted with the contract after OpenSea’s listings were taken down on Nov. 22.

The artists’ legal team argues Moore had the right to photograph the work but not to utilize the photographs for any commercial use.

Authorized Version

Instead of suing immediately, the artists are hoping to “kill” the unauthorized project by launching an authorized nonfungible token series in partnership with NFT platform DoinGud.

Artists plan to reward community members who had lost their money from the fraudulent initial drop by airdropping them NFTs from the new project.

Star wars nft drop-g

The digital collectibles come in 5 categories from Common (Star Wars) through Ultra-rare Walt Disney and Mickey Mouse). You might ask yourself, Why purchase a Disney collectible? Will a Disney NFT be a good investment?

A sentimental answer to question one is that you are collecting a piece of Disney Pixar history, as the famous brand enters the NFT space full-throttle.

A mercenary answer to the second is, that each digital collectible dropped so far, has sky-rocketed in value, as can be seen from the prices on the Veve.

For example, take my personal favorite, Star Wars.

Star Wars NFTs

As part of the Disney Pixar Golden Moments collection, two characters from the movie were included.

StarColl NFTs will be secured by the Quantum-resistant QAN blockchain, where metadata and ownership information is stored.”

Back in March,Mogul Productions, another DeFi movie financing platform announced its plans to release NFTs in collaboration with comic book artist Rob Prior, adding to the growing popularity of entertainment-based NFTs and collaborations with celebrities.

Prior is a veteran artist who has worked for comic book giants Marvel, DC Comics, and Image. Mogul Productions launched last February as a content production company, which by tapping into the world of blockchain and digital money, helps to finance films.

Veve says the application they offer leverages “an augmented reality (AR) photo mode” which allows collectors to interact with the NFT.

According to Veve, the technology used to mint the non-fungible token collectibles it offers utilizes “gasless transactions providing a 99.9% reduction in environmental footprint.”

Tags in this storyBeloved Characters, Blockchain, Captain America, Disney, Disney Movies, Disney NFT, Disney Series, Golden Moments, marvel, movies, nft, NFT Disney, NFTs, Non-fungible tokens, Pixar, Spider-Man, Star Wars, VeVe, Veve App, Walt Disney, Walt Disney Company

What do you think about the upcoming Disney NFT series called “Golden Moments?” Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.

Walt Disney Company (NYSE:DIS) entering the mix Wednesday.

What Happened: VeVe, a digital collectible business, has partnered with Disney to bring a line of NFTs to collectors in celebration of Disney+ Day.

“Disney & VeVe are collaborating to launch a series of digital collectibles featuring beloved characters and iconic items from some of the world’s most beloved stories!” VeVe tweeted.

Disney fans will be able to purchase non-fungible tokens featuring characters from Disney, Pixar, Marvel and Star Wars on the VeVe Digital Collectibles App, according to the company.

Fans will have the opportunity to “purchase and interact with digital golden statues.”

The “Golden Moments” NFT collection from VeVe and Disney will be available “in the lead up to Disney+ Day.” An ultra-rare digital collectible will be offered on Nov.

The move by Disney to license and monetize its intellectual property with NFTs follows other big companies like Hasbro IncHAS, MattelMAT and Funko IncFNKO.

VeVe has launched digital comics through a partnership with Disney unit Marvel.

The digital collectible company has licensing deals with DC Comics, James Bond, Star Trek, the NFLPA and others.

VeVe has over 350,000 active users and has sold over 600,000 NFTs, according to a September press release. The company is the largest mobile-first digital collectibles platform.

VeVe uses Ethereum’s layer 2 scaling protocol, Immutable X, which provides zero gas fees, quicker trades and a 99.9% reduction in its environmental footprint.

DIS Price Action: DIS shares were down 0.8% at $170.68 Wednesday afternoon.

The move by Disney to license and monetize its intellectual property with NFTs follows other big companies like Hasbro Inc (NASDAQ:HAS), Mattel (NASDAQ:MAT) and Funko Inc (NASDAQ:FNKO).

VeVe has launched digital comics through a partnership with Disney unit Marvel.

The digital collectible company has licensing deals with DC Comics, James Bond, Star Trek, the NFLPA and others.

VeVe has over 350,000 active users and has sold over 600,000 NFTs, according to a September press release. The company is the largest mobile-first digital collectibles platform.

VeVe uses Ethereum’s layer 2 scaling protocol, Immutable X, which provides zero gas fees, quicker trades and a 99.9% reduction in its environmental footprint.

DIS Price Action: DIS shares were down 0.8% at $170.68 Wednesday afternoon.

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