Donald Trump cashes out $2.4M profit from NFTs, copyright-expired version of Mickey tops OpenSea: Nifty Newsletter (Express Summary)
NFT collections featuring the version of Mickey Mouse depicted in the 1928 film “Steamboat Willie” have topped the charts on OpenSea.
The original article and photo/pictures were taken from the source below:
https://cointelegraph.com/news/donald-trump-mickey-mouse-nft-lawyer-copyright-newsletter
In this week’s Nifty Newsletter, the spotlight is on the NFT world, as the copyright-expired version of Mickey Mouse from the 1928 film “Steamboat Willie” makes waves on OpenSea. NFT collections featuring this iconic character soared to the top of OpenSea’s trending list, with one collection, “Steamboat Willie Public Domain 2024,” achieving a 24-hour trading volume of around $1.2 million.
However, as the crypto community celebrates the newfound availability of this beloved character, a legal caution emerges. Lawyer Oscar Franklin Tan reminds enthusiasts that while the copyright on the 1928 depiction of Mickey Mouse has lapsed, restrictions persist. Tan emphasizes that creators cannot imply affiliation with Disney or use the character in a way that misleads the public.
Shifting gears, Cointelegraph explores the future of NFTs in 2024, consulting Web3 professionals for their predictions. From real-world asset tokenization to regulatory challenges, the industry experts weigh in on what lies ahead. Jason Lau, Chief Innovation Officer at crypto exchange OKX, anticipates a surge in Web3-enabled games, introducing a broader audience to novel applications of NFTs.
Finally, in Nifty News, the unconventional takes center stage. Former U.S. President Donald Trump cashes out a remarkable $2.4 million in Ether from his NFT collections, including a unique piece capturing his surrender to authorities in Georgia. Simultaneously, the Bitcoin community witnesses a heated debate over the Ordinals protocol, marked by maximalists using colorful language to express their discontent, adding a touch of controversy to the evolving NFT landscape.
