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Damien Hirst burns $10M in art: Nifty Newsletter, Oct 5–11

Damien Hirst burns $10M in art: Nifty Newsletter, Oct 5–11 thumbnail

Racing league Formula One is positioning its brand in Web3 as it files trademark applications for “F1” covering crypto and NFTs.

In this week’s newsletter, read about how the racing brand Formula One is planning to position itself in Web3 and how nonfungible tokens (NFTs) will transform betting on upcoming athletes. Check out how GameFi can provide the unemployed with a new means to earn and find out how the wealthiest British artist alive burned $10 million in artworks to complete his NFT project. And, don’t forget this week’s Nifty News featuring OpenSea adding Avalanche support and Meta adding feet to its avatars. 

Formula One files ‘F1’ trademarks covering crypto, NFTs and Metaverse

Racing brand Formula One filed NFT-related trademarks showing a move that positions itself within the Web3 world. Trademark lawyer Mike Kondoudis recently announced that the league filed eight trademarks for the “F1” abbr

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