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Nifty News: Royalty-enforcing NFTs a ‘new asset class,’ South Korea buys NFTs with CBDC, and more

Royalty enforcing NFTs to be a ‘new asset class’: Magic Eden CEO

Jack Lu, the CEO of Solana-based nonfungible token (NFT) marketplace Magic Eden has floated the idea of NFTs designed to enforce royalties.

Lu said in an address at Solana’s Breakpoint 2022 conference on Nov. 5 that these NFTs could “give rise to a new asset class” as the space grapples with the debate around opt-in royalties.

Jack Lu at Breakpoint conference. Source: YouTube

South Korea tests buying NFTs with CBDC

TinyTap NFTs sell out giving over $100K to teachers

The teachers, courses, and sale price of the six NFTs sold at auction. Image: Animoca Brands

Trademark filings show Rolex is timing a Metaverse play

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