UK Parliamentary Committee Addresses NFT Copyrights, NFT Market Maturing, App Store Temporarily Pulls MetaMask
Summary:
This week's edition of Cointelegraph's Nifty Newsletter includes a call to action by a UK parliamentary committee to address NFT copyright infringement, the assertion from a Web3 executive that the NFT market is maturing amidst its current slump, and an incident involving the temporary removal of Ethereum wallet MetaMask from Apple's App Store.
Greetings! Here's your latest update from Cointelegraph's Nifty Newsletter, your weekly brief on the happenings in the nonfungible tokens (NFT) realm. We continue our endeavour to inform and enlighten you about the ongoing trends and insights in the NFT spectrum every Wednesday.
This week’s newsletter highlights a recent appeal by a UK parliamentary group asking officials to address copyright infringement issues connected to NFTs. Learn more about an executive from Web3 and his perspectives on how the current NFT market downturn is a part of its maturation process. Also, find out about an episode where MetaMask, an Ethereum wallet, was temporarily removed from the Apple App Store.
A recent request was made by a bipartisan committee in the UK parliament, seeking governmental intervention to curb copyright violations involving NFTs and to evaluate the possible issues posed by sports organisations issuing digital tokens. Committee members identified a pressing problem being the threat to intellectual property rights due to the quick and simple minting process of NFTs.
Yemel Jardis, the executive director of the Decentraland Foundation, told Cointelegraph that increased public awareness could refocus NFT discussions from speculation to actual use. He stated that a major dip in NFT prices should not be considered as a marker of a failing market. Instead, he described it as a sign of maturity.
MetaMask, the Ethereum wallet in favour among NFT enthusiasts, was unexpectedly taken down from the Apple App Store for a few hours on October 14, sparking worries of permanent removal from the platform. During that period, Apple users couldn’t access the wallet through the MetaMask website. The sudden disappearance of the app was thought to be due to a violation of Apple's terms of service, which prohibits apps from running “unrelated background processes,” including cryptocurrency mining.
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Published At
10/18/2023 7:00:00 PM
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