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Disney launches NFT platform, eye issues at ApeFest and NFT sales rise: Nifty Newsletter

by CoinNews
written by CoinNews

In this week’s newsletter, check out Disney’s plans to release a nonfungible token (NFT) platform by the end of 2023 and find out why NFT sales volumes will likely continue their upward trend in the coming months. Read about China’s stance on NFT theft and why the CEO of Roblox “dreams” of interoperability. In other news, find out what caused eye-related complaints at the recent ApeFest event in Hong Kong. 

Disney launches NFT platform with Dapper Labs

Disney has partnered with NFT company Dapper Labs to launch a digital collectible platform called Disney Pinnacle. Using the platform, Disney will tokenize various characters from the Disney franchise, Pixar and Star Wars as digital collectibles.

Fans can trade and collect digital pins once the NFT platform is fully released on the Apple App Store, Google Play Store and for web browsers by the end of 2023.

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NFT sales volume upward trend to continue, industry execs say

Following a recent consistent upward trend in NFT sales volume, Cointelegraph reached out to various professionals working in the industry to get their thoughts on the recent rise in sales. Jonathan Perkins, the co-founder of NFT marketplace SuperRare, said the trend will likely continue for the next six months. The executive believes the bear market is over, and things are finally turning around.

Meanwhile, NFT platform Enjin’s chief financial officer, Oscar Franklin Tan, made similar comments and argued that NFTs have already been established as a unique class of digital assets separate from crypto.

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China declares stealing digital collections like NFTs liable for criminal theft sentence

In a statement published on Nov. 10, the Chinese government declared that those who steal digital collectibles like NFTs would be liable to face theft sentences. According to the announcement, stealing a digital collection intrudes upon the system, which means it also carries out the crime of illegally obtaining computer data and theft.

While China has banned many crypto-related activities, various parties have expressed interest in diving into the NFT space.

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Roblox CEO “dreams” of in-game cross-platform NFTs and digital objects

Roblox CEO David Baszucki has recently expressed his dream of being able to move NFTs and objects across multiple platforms. The executive highlighted that he believes in this idea of users being able to move their collections to various non-native platforms.

The Roblox executive also highlighted that various celebrities could sign up on Roblox and create and sell collectibles for charity if this dream was made into reality. According to the Roblox CEO, these collectibles could also potentially be sold in other marketplaces.

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Yuga Labs confirms UV lights likely cause of eye issues at ApeFest

Following complaints from attendees of the recent ApeFest event held in Hong Kong, NFT company Yuga Labs said that UV-A emitting lights set up in the event were “likely the cause of the reported issues.”

According to the official account of Yuga Labs’ Bored Ape Yacht Club collection, it determined the cause after a joint investigation with the agency that produced ApeFest.

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Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.

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ApeFest attendees report vision problems and ‘extreme pain’ after event

by CoinNews
written by CoinNews

Attendees of a Yuga Labs’ ApeFest event on Nov. 4 in Hong Kong have reported burns, damaged vision and “extreme pain” in their eyes, which they attribute to the use of improper lighting.

“Woke up in the middle of the night after ApeFest with so much pain in my eyes that I had to go to the hospital,” wrote one attendee, CryptoJune, in a Nov. 5 X (Twitter) post.

“Doctor told me it was due to the UV from stage lights,” they added. “I go to festivals often but have never experienced this. I try to understand how it could happen… it seems like the lamps [were] not safe.”

One attendee noted many of those reporting eye problems were those “up close” to the lighting display on the event’s main stage.

A picture of the stage at ApeFest that some attendees reporting eye issues claim they were standing near. Source: X

Another ApeFest guest, who goes by the pseudonym Feld on X, described identical symptoms.

“Anyone else’s eyes burning from last night? Woke up at 3am with extreme pain and ended up in the ER.”

A Yuga Labs spokesperson told Cointelegraph that they were aware of the situation and were taking it seriously; “we are actively reaching out to and are in touch with those affected. We’re also pursuing multiple lines of inquiry to learn the root cause.”

“Based on our estimates, the 15 people we’ve been in direct communication with so far represent less than one percent of the approximately 2,250 event attendees and staff at our Saturday night event,” they added. 

Of the hundreds of ApeFest attendees, at least 15 reports of vision damage have appeared on social media, suggesting the concerns were limited to guests who were in close proximity to the stage lighting.

Hong Kong partygoers have experienced medical issues following exposure to improper UV lighting at an event before.

Related: Ryder Ripps ordered to pay Yuga Labs $1.6M in copyright lawsuit

On Oct. 20, 2017, a number of attendees at a party thrown by streetwear brand HypeBeast reported painful burns and eye damage.

It was revealed by the events’ DJ on Oct. 26 that the contractor tasked with setting up lighting at the party had used a series of Philips TUV 30W G30 T8 light bulbs, which, according to Philip’s website, emit 12 watts of UV-C radiation, mainly used for disinfecting surfaces.

The reports of vision damage in both cases line up with a condition called photokeratitis, also known as “Welder’s eye.” The condition is caused by prolonged exposure to extreme levels of UV radiation, typically from artificial sources, such as welding lamps, but can also come from natural sunlight reflecting off bright surfaces such as snow, more commonly known as snow blindness.

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