Posts in category: NFT News

In order to enhance its Web3 strategy, Sony Pictures has teamed up with YOAKE to produce legally licensed digital artifacts from The Seven Deadly Sins, one of Netflix’s best-selling anime series with over 55 million copies sold globally.

The Sony blockchain platform Soneium becomes the first major anime intellectual property platform through its collaboration with YOAKE.

YOAKE & The Seven Deadly Sins Anime Series” is the debut NFT collection from YOAKE that plans to offer mintable products through OpenSea. YOAKE & The Seven Deadly Sins Anime Series has gathered 3 ETH in trading volume since the launch; the floor price of YOAKE is 0.0016 ETH.

Through this collaboration, fans will experience improved engagement through certifiable digital collectibles, which aims to launch additional NFT projects from Japanese entertainment companies.

YOAKE works together with Startale to establish novel possibilities in the market that benefit anime fans and collectors through its introduction of licensed anime products on the blockchain. The initiative proves how blockchain technology can interact with fans for their preferred content through verified experiences, thus showcasing its entertainment possibilities.

Nike is facing a proposed class-action lawsuit after shutting down its crypto-focused business unit, RTFKT, leaving NFT purchasers claiming significant losses.

Filed on Friday in the Eastern District of New York, the lawsuit is led by Australian resident Jagdeep Cheema. It alleges that Nike’s sudden closure of RTFKT in December 2024 caused the market for Nike-themed NFTs and other digital assets to collapse. Buyers say they were left with assets that lost much of their value overnight.

According to the complaint, the plaintiffs argue they would not have purchased the NFTs at the prices they did—or at all—had they known the tokens were unregistered securities. They also claim that Nike effectively “pulled the rug out from under them” by shutting down the business without proper warning.

Nike, based in Beaverton, Oregon, did not immediately respond to requests for comment. Phillip Kim, the lawyer representing the plaintiffs, also declined to comment.

Buyers are asking for more than $5 million, saying Nike broke consumer protection laws in states like New York, California, Florida, and Oregon.

The case also raises a bigger issue that’s still not fully settled — whether NFTs should be treated like securities under U.S. law. Several lawsuits across the country have raised similar questions as the crypto and NFT markets continue to evolve.

Nike acquired RTFKT (pronounced “artifact”) in December 2021, describing the brand as a pioneer in merging culture, gaming, and digital collectibles. Nike announced on December 2, 2024, that it was shutting down RTFKT. In the announcement, the company said that while RTFKT’s operations were ending, its legacy would continue through the creators and projects it had inspired.

The lawsuit is filed under Cheema v. Nike Inc., in the U.S. District Court for the Eastern District of New York, case number 25-02305.

Speaking in a recent interview, Charles Hoskinson, co-founder of Cardano shared that Cardano’s upcoming Midnight sidechain could let users make free transactions through NFTs. According to him, these NFTs would act as access passes, letting holders perform a set number of free transactions each day. Hoskinson compared the idea to the way Web2 platforms offer free accounts and services.

Instead of paying fees with ADA, users could hold a special NFT that allows daily transactions without spending any tokens. If implemented, this could attract more users who are used to free Web2 services.

Meanwhile, Midnight has been seeing active development since announced. The launch date has not been announced yet, but the protocol is already seeing interest through hackathons, and engagement from the community.

The Midnight is generally designed to bring privacy and regulatory compliance together with the help of advanced tools like zero-knowledge proofs and smart contracts.

Between December and January, a Midnight community survey showed that 12% of participants identified as blockchain developers. A further 39% described themselves as “seasoned pros,” while 46% considered themselves “somewhat experienced.” Only 15% said they were still learning, according to the recent Midnight’s “State of the Network” report from March 2025.

Meanwhile, Cardano (ADA) is surging fast, now trading for $0.82. This is a 4.51% jump record in the last 24 hours with a 32% increase in trading volume over the same period, according to CoinMarketCap.