Attorneys for Jimmy Fallon, star of NBC's long-running comedy and variety show "The Tonight Show," have filed a petition to "vacate" a subpoena calling him to testify in Yuga Labs Inc.
Lawyers claim Fallon has nothing to do with the dispute, is not a party to Ripps’ lawsuit, and never met or interacted with Ryder Ripps, OKFocus’ creative director, or Jeremy Cahen, one of the founders of the so-called Bored Ape Yacht Club (BAYC) “copycat.”
Yuga Labs is suing Ryder Ripps and Jeremy Cahen for issuing “parody” collections of non-fungible tokens (NFTs), resulting in trademark infringement, false advertising, and unfair competition. Ongoing cases highlight intellectual property and trademark rights within the NFT space. While Fallon obtained the Bored Ape Yacht Club NFT and talked about it on his show, he has nothing to do with the Yuga Labs and Ripps case, according to the petition.
Fallon is also a co-defendant against Paris Hilton in a separate securities lawsuit involving Yuga Labs. Getty Images has partnered with NFT platform Candy Digital to offer rare photos in NFT form, starting with photos from its 1970s music and culture collection.
In a tweet, Candy Digital revealed that the collection includes work by Don Paulsen, David Redfern and other photographers depicting iconic figures such as Elvis Presley, David Bowie and the Rolling Stones. The NFTs will be available on Candy Digital’s website starting March 21, with prices ranging from $25 to $200. This version will be available to buyers in several countries, including the US, UK and Japan. The partnership comes as the NFT market is showing signs of growth, with market volumes rising for the fourth straight month in February.
Forkast Labs, a data intelligence service formed by the merger of Forkast.News and NFT market tracker CryptoSlam, has launched a series of NFT indices to provide real-time insights into the digital asset economy.
The Forkast 500 NFT Index will measure the performance of 21 blockchains, including Ethereum, Solana, Polygon and Cardano, and is intended to be representative of the entire NFT market. These indices aim to more comprehensively measure the health of the NFT economy, which is difficult to discern through traditional market rankings based on price, sales, and transaction volume. According to data from NFT tracker CryptoSlam, the NFT market is experiencing a bullish trend, with more than 125,000 transactions in the past 24 hours, marking a new 3-month high for the second day in a row. Transaction volume exceeded $2.04 billion last month, up 117 percent from $941 million in January.
This growth is thanks to Blur, a growing marketplace that surpassed OpenSea in transaction volume just this month. Blur’s transaction volume jumped over $1.13 billion in February from the previous month, a statistic that accounts for nearly all of the month-to-month gains in the entire NFT market.
