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, read about how holders of CryptoPunks nonfungible tokens (NFTs) were offered physical versions of their NFTs for 48 hours. Find out why some artists were ordered to pay Yuga Labs $1.6 million in a copyright lawsuit and why major German companies like Mercedes and Lufthansa are using NFTs. In other news, the CEO of Mintable says the United Kingdom risks regulating NFTs the wrong way.
CryptoPunks holders offered physical versions of their NFTs for 48 hours
Holders of CryptoPunks NFTs were offered the chance to obtain physical prints of their digital artworks via a partnership between the online art store Avant Arte and Yuga Labs, the owner of the CryptoPunks brand.
The sale lasted only 48 hours, with two physical versions of the CryptoPunks being offered. The first is called “Punk-On-Chain,” exclusively for the owners of the punks, and the second is called “10,000 On-Chain,” which is a print collection of all 10,000 CryptoPunks open to anyone.
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How major German firms like Mercedes and Lufthansa are using NFTs
Despite the ongoing slump in the NFT market, several German companies have included NFTs in their business strategy. The German postal service will release its first limited-edition collectible stamp on Nov. 2, 2023, combining NFTs and artificial intelligence.
German automotive company Mercedez-Benz launched its third NFT collection, The Era of Luxury, in September. Its digital collectibles were made to be digital reinterpretations of standout designs over its seven design eras.
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Ryder Ripps ordered to pay Yuga Labs $1.6 million in copyright lawsuit
NFT artists Ryder Ripps and Jeremy Cahen were ordered by a United States district court judge to pay Bored Ape Yacht Club creator Yuga…
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