Caroline Ellison reportedly saw in NYC a Chinese court says NFTs are virtual property

As the FTX fallout continues, former Alameda Research CEO Caroline Ellison has reportedly been spotted in New York, leading some to speculate that she is working with federal authorities. The coffee shop where the photos were taken is located near the city’s FBI office and a US attorney’s office.

A court in China said NFTs should be considered virtual property online this week in what could represent a thaw in the country’s anti-crypto stance. According to the Hangzhou Internet Court, a specialist internet court, NFTs “have the object properties of property rights such as value, scarcity, controllability and tradability,” CoinTelegraph reported.

The case was brought to court because the user of a technology platform sued a company (both anonymous) to cancel the NFT purchase because they provided a name and phone number that did not match.

Blockchain is already used to track physical objects, such as the basic ingredients of whiskey, but entrepreneur Mike Moldawsky, founder and creator of the art project Diamond Dawn NFT, is trying to bring blockchain to diamonds. Moldawsky created the art project to put 333 GIA-certified diamonds on the Ethereum blockchain as NFTs. An exclusive list of people will be able to buy the diamonds, which range from 0.4 to 0.8 carats, for 4.44 Ether (more than $5,600 at today’s prices).

In other news:

Budweiser recently launched Budverse Live Scoreboard NFTs linked to Fifa World Cup in Qatar. NFT gives buyers access to merchandise, an interactive penalty kick game, and a special Discord for community members. Beginning Dec. 2, NFT holders will also receive 20% off Budweiser’s limited edition football-themed merch line, which includes bucket hats, hoodies, sweatpants and T-shirts.

Courtesy of Budweiser

Coca Cola merged with Crypto.com to produce 10,000 Piece of Magic NFTs by digital artist GMUNK. The collection is inspired by the heat maps – computer visualizations of the players’ movements – made during World Cup matches. In a statement, artist GMUNK wrote: “Coca-Cola ‘Piece of Magic’ uses football data as our paintbrush, defining densities, behavior and use of color to shape and create an immersive artwork that embraces the spirit of football and depicts a visual story unique to every game.”

The Atlanta Braves held the team’s first public event in Digital Truist Park, a metaverse replica of the stadium itself, on Thursday. The evening of immersive virtual entertainment, hosted by Braves in-game hype man Mark Owens, featured a set from comic Andrew Stanle and a fan Q&A with Atlanta Braves radio announcer Kevin McAlpin.