Nfts
Fantom token jumps; Dolce & Gabbana sued for NFT deliveries | Video
Phantom’s FTM token goes up during an upgrade and Dolce and Gabbana filed a lawsuit over its NFT project. You watch Coin Desk daily. I’m your host, Jen Sani, Phantom Blockchains. FTM is one of the best performing non-meme tokens of the past week. This comes alongside market optimism about the rollout of its sound upgrade and the increase in total value locked on the protocol. FTM is up 13% over the past seven days. Outperforming the market’s Coin Desk 20 Index as of 9:30 a.m. Eastern Time. The FTM token is trading around 80 cents and the Coin Desk 20 Index remains above 2300. The Hong Kong Monetary Authority and the People’s Bank of China have been growing. Users of the UN digital pilot can now set up ecny wallets with just a phone number and pay merchants directly from these wallets without a mainland bank account. However, wallets cannot be used for person-to-person transfers. It is according to a press release from the Hong Kong Monetary Authority that China and Hong Kong have been conducting cross-border digital trials since the end of 2021. The special administrative region has also tested its own CBD C which has entered the second phase of its pilot in 2021. March and Dolce and Gabbana were sued for botching the delivery of their NFT. According to Bloomberg reports, the company promoted its NFT project by telling customers that purchasing the NFT would give them access to digital rewards, physical products, and exclusive events. The report states that customer Luke Brown spent $6,000 on the asset and lost about $5,800. The customer alleges that the delivery was late and that the NFTS came with outfits to wear in the Metaverse, but the digital outfits arrived 20 days late and could only be used in a metaverse with a small user base. That’s it for the daily coin desk. Get more updates at coindesk.com and we’ll see you next time.