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Tinder Swindler Shilling NFTs, Insurance Company Buys Digital Land, NFTs may be Deemed as Securities, NYSE’s Application For an NFT Marketplace - Weekly NFTgators 🐊 newsletter - Issue #11

Weekly NFTgators 🐊 newsletter
Weekly NFTgators 🐊 newsletter
Hey Gators! 🐊
Welcome to the NFTgators newsletter, the one to summarize all major NFT events that happened this passing week, from art, collectibles, gaming, metaverse, and other industry news.
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Our favorite news article of the week
Coinbase Appoints Fintech Veteran Lory Kehoe as Director of NFT Success - NFTgators
Our favorite video of the week
Joe Rogan & Adam Curry: Are we heading to a Controlled or decentralized #Metaverse?
Short summary of things
  • Simon Leviev shilled what seems to be a non-existent NFT project.
  • A Twitter user said they won’t be surprised if Leviev is rug pulling NFTs for a living.
  • Leviev has joined personalised video app, Cameo, to sell personalised video messages. 
  • French insurance company Axa has purchased digital land in the metaverse.
  • The multinational insurer announced on Friday that it had acquired a virtual plot in The Sandbox.
  • The company said it wants to familiarise itself with the highly hyped virtual world.
  • Assets issued in a series of non-negotiable agreements are deemed as securities. 
  • To determine if NFTs are securities, they must undergo the Howey test.
  • For NFTs to not be deemed as securities, they must not derive value from anything except the efforts of their holders. 
  • The New York Stock Exchange has filed a trademark application for its own NFT marketplace.
  • The NYSE minted six NFTs last year to commemorate the listing of hot tech stocks on the exchange.
  • Industry experts think it is an important public endorsement and validation to the underlying technology that powers NFTs.
Must-read guide of the week
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