16/09/2024 Coinbase-Led Advocacy Group Launches Legal Defense Fund for NFT Projects

Coinbase-Led Advocacy Group Launches Legal Defense Fund for NFT Projects

A digital assets advocacy group backed by Coinbase is launching a multimillion-dollar legal defense fund for non-fungible token (NFT) projects.

In a new thread on the social media platform X, Stand With Cryptosaysit’s starting an NFT defense fund with investment firm Andreessen Horowitz (a16z) and NFT marketplace OpenSea to assist artists against “misguided” enforcement actions.

“Today, we raise our shield to protect a foundational part of the crypto community. Alongside OpenSea and A16z Crypto, we are launching a $6 million legal defense fund for NFT creators. Creatives can now stand up to misguided actions from the SEC.”

On its officialwebsite, Stand With Crypto says that the fund aims to legally defend creators against “public policy failures and bad-faith attacks on those looking to build on blockchain technology.”

“This partnership is about defending artists and creators who seek to harness the power of blockchain technology while galvanizing the crypto community to advocate for our collective rights…

Artists, creators, and builders who have been contacted by the SEC or who are concerned about potential litigation due to their use of blockchain technology can apply for representation.”

Coinbaselaunched the Stand With Crypto advocacy group in August 2023 to help the digital assets industry focus on directly engaging with lawmakers and the legislative process to ensure the future of crypto in the US.

Arts

https://dailyhodl.com/2024/09/15/coinbase-led-advocacy-group-launches-legal-defense-fund-for-nft-projects/amp/

Interesting NFTs
taNNa
conceptual art. drawing and digitally processed.
#85699
By OthersideDeployer
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.
CryptoKitties
Good morning! I'm Kitty #391038. My friends describe me as annoying and stinky. I was voted school jock in college. Will you be the ranch dressing to my ghost pepper hot sauce?
Right Place & Right Time (bitcoin hourly price offset)
Each day, a new composition for the Master is generated autonomously using a data feed of Bitcoin's last 24 hours of price action. Each hour's price programmatically controls rotation, scale, and position of a correlating layer. Astute viewers will surmise the day's price volatility simply by examining the artwork. While the daily image generation is the result of autonomous API calls, utilizing an algorithm the artist wrote, the artist has chosen to retain a control token. This token allows him to fine-tune variables associated with his algorithm, in addition to addressing aesthetic concerns within the life-cycle of the artwork. Layer state, alpha, hue, saturation, and brightness are elements the artist has retained control of in order that this artwork remain a living work-in-progress. An earlier iteration of this artwork was featured as a nightly projection mapping video on the face of the Daniels Fisher Clocktower, as part of ETH Denver 2020. Access to this and additional exclusive content awaits the master token owner at the artist's NFT Portal: https://collect.mattkane.com/minted-works/right-place-right-time-bitcoin-hourly-price-offset/