Secret Service Praises Blockchain, File Patent for NFT-Trading TV
The United States Secret Service has declared its ownership of cryptocurrency, maintenance of an NFT collection, and recognition of the potential of blockchain technology to combat financial crime in a recent Reddit ask-me-anything (AMA) session on the r/cryptocurrency subreddit. In contrast to some regulators who view cryptocurrencies as tools for fraudsters and scammers, the task force expressed enthusiasm for the transparent and public nature of blockchains, describing it as an “amazing opportunity” for law enforcement agencies to effectively trace the movement of funds, aiding the fight against illicit activities. This news has been hailed by proponents of blockchain technology as buoyant for the future development of the industry.
Furthermore, LG Electronics has filed a patent application for a blockchain-based smart TV that enables NFT trading. The proposed technology aims to facilitate seamless connectivity between devices, crypto wallets, and an NFT market server, thereby enabling transactions. The smart TV incorporates onscreen QR codes when connected to an NFT market server, allowing users to complete transactions via a cryptocurrency wallet.
On May 10, Elon Musk’s tweet featuring artwork from the Milady NFT collection caused a surge in the floor price of Milady NFTs from the initial 7.3 Ether (ETH) to 5.69 ETH. The Milady collection, created by digital arts collective Remilia, comprises 10,000 anime profile picture NFTs. It draws inspiration from street-style tribes, and Artist Charlotte Fang played a significant role in the design process.
Additionally, developer Udi Wertheimer tweeted on May 14, suggesting that the world’s first real-world purchase made with Bitcoin might have been for a JPEG image. This news challenges the commonly known narrative that Bitcoin’s first purchase was for pizza. The shared screenshot, dated January 24, 2010, predates the famous Bitcoin Pizza Day by four months. It shows a user named Sabunir attempting to sell a picture on the Bitcointalk forum for 500 BTC, worth approximately $1 at that time. The screenshot even reveals that Satoshi Nakamoto, the pseudonymous founder of Bitcoin, was trying to assist in facilitating the sale.
Assassin’s Creed, the popular gaming franchise, released customizable “smart collectibles” on May 16. These collectibles include a transparent 3D-printed cube housing a character figure and a Polygon-based NFT called a “Digital Soul.” Ubisoft, Assassin’s Creed’s parent company, aims to disrupt the gaming industry through the introduction of these smart collectibles. Overall, this week showcased interesting and noteworthy developments in the NFT realm.
Source: Secret Service Praised Blockchain, LG Electronics Filed Patent for NFT-Trading TV, Milady NFT Floor Price Surges After Elon Musk Tweet, and More in NFT News
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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