Life on an NFT island 🏝️

Good morning everyone, we're happy to announce that NFToday was officially partnered with NFT collection Doodles to provide all of our subscribers with free NFTs. WOOHOO.

APRIL FOOLS, I wish I could've seen the look on your face! 

Jokes aside, I hope you're all having an amazing morning. Stay safe and have fun this weekend!

- Hunter Maier

👟 Nike sues this company, their response...

📈  A crypto market break and retest?

🏝️ Satoshi Island partners with Chainlink!

• Azuki - Floor Price: 22.89 ETH

• Azuki - Something Official - Floor Price: 3.98 ETH

• KIWAMI Genesis - Floor Price: .37 ETH

• Murakami.Flowers Seed - Floor Price: 6.5 ETH

StockX responds to Nike's recent trademark infringement allegations claiming that the resale giant's vault NFT program is here to stay!

Some backstory on the timeline prior to StockX's response:

In January, popular resale marketplace and authenticator StockX announced its entrance into web3 with physical pegged NFTs. The idea behind the company's new tradable asset is simple:

1. A buyer purchases an NFT linked to a sneaker.

2. StockX places the sneaker in a climate-controlled vault.

3. The owner can keep it in the vault or take possession of the physical item at any time (owning the NFT is essentially owning the sneaker).

4. Blockchain technology makes the physical asset tradeable, flippable, and investable, all via the internet. 

In February, Nike sued StockX for using Nike's trademarks without authorization/approval. In response, StockX published a statement claiming that their Vault NFT program is nothing more than digital ownership of an underlying physical asset created to provide an intuitive customer-driven experience. 

Despite the response, Nike wasn't having it, as they continued to push the lawsuit with the ultimate intent to have the infringed NFTs be destroyed. 

Back to the present:

That brings us to today, where we await the result of the case. Yesterday, StockX published a formal update via their website. The publication reinforces that their Vault NFT program is nothing more than digital ownership of a physical product. The following paragraph accuses Nike of having a "fundamental misunderstanding" of the various use cases associated with NFTs. 

The article throws a ton of shade toward Nike. I recommend giving it a quick read after finishing today's issue. Read it here!

Bitcoin, Ethereum, and Solana all look incredibly bullish. After doing my daily technical analysis, I was surprised to see how perfect and synced these candle charts look. If the currencys' price action can hold above its corresponding support levels, we're bound to see some bullish upside. 

Keep an eye on the @NFTodayNews Twitter account today. I'll be tweeting updates on the current price action throughout the day, so everyone can stay informed as it's happening.

Let's see what happens!

Note: Despite my upbeat, positive bullish analysis, a successful retest is by no means guaranteed to occur. I'm not a financial advisor, and this is not an indication by me to buy any of the assets listed.

Satoshi Island partners with Chainlink to integrate their network's Verifiable Random Function (VRF) protocol into the project's mint!

I've been meaning to write about Satoshi Island for some time. The concept of living on an island powered by decentralization boggles my mind.

For those unaware, Satoshi Island is a private island off the coast of Vanuatu (between Australia and Fiji) that intends to create a one-of-a-kind community of web3 enthusiasts that reside on the island. I recommend watching the introductory video here to understand the project's goals and intentions better.

Satoshi Island intends to drop 21,000 NFTs representing your citizenship to live and own a parcel on the island. With over 50,000 applicants wanting to live on the island, the use of Chainlink's VRF is essential to ensuring the release sells out fairly.

VRF allows for a tamper-proof on-chain random number generator that provides transparency and equality. As a community that intends to live and breathe decentralization, the team believed that using Chainlink's technology would be the optimal way to release their official NFTs.

Rate today's newsletter:

• 👍 IT WAS INCREDIBLE!!!

• 😐 It was alright!

• 👎 Could've been better.

Nothing mentioned in this newsletter is financial advice, we are NOT financial advisors. NFToday was created with the intent to entertain those who choose to read and be a part of the community!