The Latest Breaking News from NFT

"There was a conspiracy, and he was the head of it," says D.C. Bar counsel Phil Fox

The news Australia is searching for, and all the news that happened while you snoozed: This is The Loop, your quick catch-up for this morning's stories as they happen.

The creator of the popular Bored Ape Yacht Club collection of NFTs and its promoters, including Madonna, Paris Hilton and Justin Bieber, were sued by investors claiming they were duped into buying the collectibles by celebrities who didn’t disclose they were paid to pump sales.

Gwyneth Paltrow and Madonna were also named in the lawsuit.

Non-fungible tokens (NFTs) are digital objects that represent something else, such as a work of art, a video or even a tweet. They certify the existence and the ownership of this item through a data recording on a blockchain (a distributed ledger technology).

Ellison reportedly visited a coffee shop near the FBI and U.S. Attorney's offices, prompting speculation that she is working with federal authorities.

Shibuya is seeking to empower fan participation in moviemaking and to challenge the Hollywood studio system.

SARAH FERGUSON, the Duchess of York, is hoping to take the unpredictable digital art world by storm. Fergie is creating a virtual gallery to display her range of Non-Fungible Tokens (NFTs), a type of digital artwork.

Meta founder Mark Zuckerberg said he doesn't care what people say about his metaverse, plus news on OpenSea's $1 billion creator royalty program and real-life metaverse clothing.