Latest news with #NFT
Reuters
7 hours ago
- Business
- Reuters
US appeals court overturns Bored Ape maker's $8.8 mln win in NFT trademark case
July 23 (Reuters) - A U.S. appeals court on Wednesday overturned an $8.8 million judgment for Bored Ape Yacht Club non-fungible token maker Yuga Labs in its dispute with artist Ryder Ripps and his business partner Jeremy Cahen over their alleged counterfeits of the NFTs. The 9th U.S. Circuit Court of Appeals said that Yuga had not yet proven, opens new tab that Ripps and Cahen's tokens — which they called satirical works of appropriation art — would confuse NFT buyers, sending the case back to California federal court for a trial on Yuga's trademark infringement and cybersquatting claims. Ripps in a statement said the decision "underscores that appropriation is a vital tool for artists to hold powerful entities to account." Yuga called the decision "a win for the industry" that "validates the fight we took on and confirms that BAYC is a strong and recognizable brand." Yuga accused Ripps and Cahen in a 2022 lawsuit of making millions of dollars from selling counterfeits of its Bored Ape tokens under the pretense of satire. Ripps and Cahen said that their versions of the tokens lampoon allegedly racist and anti-Semitic imagery in Yuga's NFTs and branding. Yuga denied the allegations and said that Ripps was "spreading ridiculous conspiracy theories online and using them to sell knockoff NFTs." U.S. District Judge John Walter ruled for Yuga before trial in 2023 and said that Ripps and Cahen's tokens were likely to create confusion in the NFT market. He awarded Yuga $1.5 million in damages, which later ballooned to more than $8.8 million with attorneys' fees and other costs. The 9th Circuit overturned Walter's decision on Wednesday and said a trial was necessary to determine whether the fake tokens infringed Yuga's trademarks. The appeals court agreed with Walter, however, that Ripps and Cahen were not immune from Yuga's claims based on First Amendment protections for works of art. The case is Yuga Labs Inc v. Ripps, 9th U.S. Circuit Court of Appeals, No. 24-879. For Yuga: Todd Gregorian of Fenwick & West For Ripps and Cahen: Louis Tompros of Wilmer Cutler Pickering Hale & Dorr Read more: Bored Ape NFT maker Yuga Labs sues artist, claiming he copied tokens US judge sides with Yuga Labs in Bored Ape NFT trademark lawsuit Artist owes $1.5 mln in damages for fake Bored Ape NFTs, judge says
Business Insider
15 hours ago
- Business
- Business Insider
Jackson.io's Sharkz NFT Lands in Harajuku, Tokyo with Debut Fashion Collaboration 'Sharkz-Up Tokyo'
Decentralized gaming protocol has introduced its NFT project, Sharkz, to Tokyo's Harajuku district with the launch of its first offline streetwear initiative, 'Sharkz-Up Tokyo.' This marks the Sharkz community's first crossover into the fashion scene, using street culture as a new vessel to expand the global reach of the Sharkz brand. The event was co-created with Tokyo-based renowned street culture and creative art brand, tHE GALLERY HARAJUKU, reinterpreting the visual identity of Sharkz NFTs through the lens of Japanese street design to create an exclusive Harajuku limited-edition apparel collection. Whether you're a Sharkz NFT holder or a fashion enthusiast, the event invites all to experience the creative spirit of Sharkz in person. On the day of the event, NFT holders who presented proof of ownership enjoyed 50% off all merchandise. Sharkz: From On-Chain Origins to Cultural Frontlines Since its inception, Sharkz NFT has strived to become one of the most vibrant and creatively driven projects in the Web3 ecosystem. Over the past three months, it has hosted multiple large-scale offline events across Southeast Asia, including the most attended NFT afterparty in the Sui ecosystem, held in collaboration with OKX Wallet, which featured real-time interactive airdrops and drew widespread participation. The community has since grown to over 10,000 users. The 'Sharkz-Up Tokyo' event marks a new milestone for the brand, symbolizing Sharkz's expansion into new territory: from on-chain culture to offline fashion. aims to use this physical activation to open a new chapter in the integration of NFTs and street culture. Sharkz-Up Tokyo @ tHE GALLERY HARAJUKU – Event Info ️ Entry: Free admission. Sharkz NFT holders receive 50% OFF with proof of ownership. Jackson Sharkz NFT Jackson Sharkz is a collection of 9,999 shark-themed NFTs minted on the high-performance Sui blockchain, launched through a free community distribution campaign. The launch attracted over 10,000 participants within three days, demonstrating strong community appeal. Jackson Sharkz utilizes a zero-royalty trading model, allowing users to retain full ownership of their digital assets. Token holders are granted early access to selected platform features, receive exclusive airdrop distributions, have the opportunity to purchase limited-edition merchandise, and can participate in designated online and offline events. About is a decentralized gaming protocol built on the SUI blockchain, dedicated to developing a player-driven Web3 gaming ecosystem. Through its points system, NFT integration, and fully on-chain mechanics, delivers highly engaging and innovative blockchain gaming experiences. Contact Marketing Manager Jayden Smith
Sydney Morning Herald
a day ago
- Business
- Sydney Morning Herald
High-end heist: Australians caught up in Louis Vuitton data breach
'The Louis Vuitton breach is just the latest in a string of cyber incidents for the sector, with big names like Tiffany, Dior, Adidas, Victoria's Secret and Cartier disclosing incidents since just April. Ransomware group ShinyHunters is likely behind some, but not all of these.' Loading ShinyHunters, which was formed in 2020 and named after a Pokemon, has claimed credit for some of the most significant data breaches globally, affecting millions of people including Australians. It hasn't yet claimed responsibility for the Louis Vuitton breach. 'ShinyHunters' MO is stealing large datasets. Often, they sell these datasets to other criminals; sometimes, they leak them as a publicity stunt,' Mansted said. She said CyberCX was seeing far fewer businesses in Australia, and globally, pay ransoms to cybercriminals. The criminals aren't stopping, however, but are instead operating in sectors and places more willing to pay ransoms or changing their service offerings. Some are reverting to stealing and selling data to make money. 'The retail sector is in a sweet spot for cybercriminals,' she said. 'The sector hasn't faced the same regulatory pressure to uplift cyber maturity as banks, telcos and other critical providers. But at the same time, it holds huge consumer datasets. These datasets are highly valuable – whether transacted by powerful data brokers, or unlawfully on the dark web by criminals. 'The high-end retail heist also highlights a growing problem confronting all businesses: third-party cyber risk. We're still understanding these incidents, but it's very possible that the source of at least some of these breaches is a third-party vendor commonly used across the sector.' Australian companies now face fines of up to $50 million for serious breaches of the Privacy Act, after high-profile data breaches affected Optus and Medibank customers. The Office of the Australian Information Commissioner was contacted for comment. The latest breach comes after 5.7 million Qantas customers had their information accessed by hackers this month, including information on frequent flyer accounts, addresses and food preferences. The airline said last week it had found no evidence yet of stolen data being released, but it was 'actively monitoring'. Cybersecurity researcher Jamieson O'Reilly said while no passwords or financial data had been taken, the scope of stolen Louis Vuitton data still presented significant opportunities for exploitation. 'That is especially true when the breached entity is a high-profile luxury brand with a highly engaged and brand-loyal customer base,' he said. Jamieson, who runs cybersecurity consultancy DVULN, said he had already noticed online chatter and victim reports indicating that Louis Vuitton customers had received phishing emails impersonating the company. 'Notably, this email referenced a known artist, Clara Bacou, who previously published conceptual NFT artwork for Louis Vuitton back in 2021,' he said. Loading 'Anyone who searched the artist's name would find legitimate links tying her to Louis Vuitton, giving the email a false sense of authenticity. Combined with accurate customer data from the breach, the setup is precise enough to fool even security-aware recipients.' He said it was highly likely that threat actors are already using the stolen data for nefarious purposes. 'While breaches are frequent, that does not make them acceptable,' he said.
The Age
a day ago
- Business
- The Age
High-end heist: Australians caught up in Louis Vuitton data breach
'The Louis Vuitton breach is just the latest in a string of cyber incidents for the sector, with big names like Tiffany, Dior, Adidas, Victoria's Secret and Cartier disclosing incidents since just April. Ransomware group ShinyHunters is likely behind some, but not all of these.' Loading ShinyHunters, which was formed in 2020 and named after a Pokemon, has claimed credit for some of the most significant data breaches globally, affecting millions of people including Australians. It hasn't yet claimed responsibility for the Louis Vuitton breach. 'ShinyHunters' MO is stealing large datasets. Often, they sell these datasets to other criminals; sometimes, they leak them as a publicity stunt,' Mansted said. She said CyberCX was seeing far fewer businesses in Australia, and globally, pay ransoms to cybercriminals. The criminals aren't stopping, however, but are instead operating in sectors and places more willing to pay ransoms or changing their service offerings. Some are reverting to stealing and selling data to make money. 'The retail sector is in a sweet spot for cybercriminals,' she said. 'The sector hasn't faced the same regulatory pressure to uplift cyber maturity as banks, telcos and other critical providers. But at the same time, it holds huge consumer datasets. These datasets are highly valuable – whether transacted by powerful data brokers, or unlawfully on the dark web by criminals. 'The high-end retail heist also highlights a growing problem confronting all businesses: third-party cyber risk. We're still understanding these incidents, but it's very possible that the source of at least some of these breaches is a third-party vendor commonly used across the sector.' Australian companies now face fines of up to $50 million for serious breaches of the Privacy Act, after high-profile data breaches affected Optus and Medibank customers. The Office of the Australian Information Commissioner was contacted for comment. The latest breach comes after 5.7 million Qantas customers had their information accessed by hackers this month, including information on frequent flyer accounts, addresses and food preferences. The airline said last week it had found no evidence yet of stolen data being released, but it was 'actively monitoring'. Cybersecurity researcher Jamieson O'Reilly said while no passwords or financial data had been taken, the scope of stolen Louis Vuitton data still presented significant opportunities for exploitation. 'That is especially true when the breached entity is a high-profile luxury brand with a highly engaged and brand-loyal customer base,' he said. Jamieson, who runs cybersecurity consultancy DVULN, said he had already noticed online chatter and victim reports indicating that Louis Vuitton customers had received phishing emails impersonating the company. 'Notably, this email referenced a known artist, Clara Bacou, who previously published conceptual NFT artwork for Louis Vuitton back in 2021,' he said. Loading 'Anyone who searched the artist's name would find legitimate links tying her to Louis Vuitton, giving the email a false sense of authenticity. Combined with accurate customer data from the breach, the setup is precise enough to fool even security-aware recipients.' He said it was highly likely that threat actors are already using the stolen data for nefarious purposes. 'While breaches are frequent, that does not make them acceptable,' he said.
Time of India
6 days ago
- Business
- Time of India
Careers from the future: 10 jobs that didn't exist a decade ago
A decade ago, the world was busy mastering the smartphone. Instagram was a photo filter app, blockchain was a fringe theory, and artificial intelligence was more fiction than function. Then came the tech tsunami—COVID-19, Web3, climate urgency, and an automation boom—colliding in a decade of accelerated disruption. Today, entire career paths have emerged from the digital dust, occupations no one could have named in 2015 now headline hiring charts. These aren't just new jobs; they are new ways of thinking, living, and organizing the future. In this deep dive, we spotlight 10 groundbreaking careers that didn't exist a decade ago, unraveling how necessity, innovation, and sometimes sheer chaos gave birth to them. Prompt Engineer In 2015, few outside academia knew what a transformer model was. Today, companies are shelling out six-figure salaries for prompt engineers—experts who coax human-like results from large language models like ChatGPT and Claude. This role sits at the curious intersection of linguistics, logic, and software training, requiring a deft understanding of both machine learning limitations and human psychology. It's not coding, not content writing—but a strange new blend of both. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tinnitus? Do This Immediately! Live Happier Click Here Undo Chief Remote Officer (CRO) The pandemic didn't just relocate workers—it rewired organizational structures. Enter the Chief Remote Officer: a role born of necessity in globally distributed teams. From managing asynchronous workflows to ensuring digital equity and mental well-being across continents, CROs architect the culture and cohesion of tomorrow's virtual-first companies. Once an HR or IT side gig, it's now a boardroom seat. NFT Strategist Non-fungible tokens went from art-world curiosity to billion-dollar buzzword seemingly overnight. NFT strategists are now guiding creators, brands, and athletes through tokenomics, digital ownership models, and community building in the Web3 space. Their job? Translate the chaotic world of crypto collectibles into coherent value strategies for mainstream audiences. Sustainability Data Analyst Ten years ago, "green jobs" were largely manual or policy-driven. Today's sustainability data analyst leverages AI, IoT, and predictive modelling to track emissions, waste, and resource use with scientific precision. They don't just advocate for greener practices—they quantify the cost of not adopting them, giving the climate crisis a spreadsheet edge. Metaverse Architect While VR had existed for decades, the idea of persistent, shared virtual worlds only gained serious traction post-2020. Metaverse architects design immersive digital environments for everything from concerts to corporate training. These creators must understand spatial design, gamification psychology, and emerging virtual economies—all while balancing digital aesthetics and user experience. Digital Detox Consultant In a world choking on screen time, the digital detox consultant emerged as a wellness sherpa for the chronically online. Whether designing off-grid retreats or corporate balance programmes, these specialists combine behavioural science with wellness strategy to help individuals and organizations reclaim attention and purpose in an age of digital burnout. Synthetic Media Ethicist Deepfakes, AI voice cloning, and virtual influencers have brought synthetic media into mainstream conversation—and controversy. Synthetic media ethicists operate where law hasn't caught up yet, shaping policy and protocol around misinformation, consent, and authenticity in an increasingly manipulated digital landscape. Their job is to ask the hard questions before society finds the answers too late. Space Tourism Operator With companies like SpaceX and Blue Origin normalizing private space travel, the space tourism operator now curates zero-gravity experiences, preps high-net-worth clients for orbital jaunts, and navigates a regulatory landscape that's still being written. It's luxury hospitality—at Mach 3. Virtual Fashion Designer The rise of virtual worlds and avatar-based economies has spawned a new class of designer—virtual couturiers who craft exclusive wearables for digital identities. Whether it's for gaming skins or Metaverse runway shows, these designers fuse fashion, tech, and imagination without ever cutting fabric. AI Psychologist As AI systems become more sophisticated, so do our interactions with them. AI psychologists don't counsel robots—but rather study how humans perceive, relate to, and trust them. They advise companies on human-AI dynamics, emotional design, and preventing misuse or overreliance, ensuring our relationship with artificial minds stays ethical and empathetic. Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
