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How to Lock Your Facebook Profile on Android, iOS, and Browser

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Facebook is a fantastic place for keeping in touch with friends and family without being in the same space physically. Like Twitter or Instagram, Facebook has become an integral part of our daily lives, as it’s an excellent platform that helps you keep up-to-date on the lives of your friends and loved ones.

However, there’s a downside to online mediums like this: it offers stalkers easy access to your personal information and activities. We’re all too familiar with malicious activities online, and many people have experienced strangers constantly checking their profiles or stealing their photos to create fake or poser accounts.

To try and prevent or minimize this from happening, Facebook launched a new feature called Facebook Profile Lock. As its name implies, this feature allows you more control over your profile’s privacy. If you’re a private person and don’t want strangers peeking at your Facebook profile, Profile Lock will ensure users you’re not friends with won’t see any details about you.

However, not everyone is aware that this feature exists, while others don’t know how to set it up. This article will provide you with easy steps to help you lock your Facebook profile. Whether you’re on Android, iOS, or using Facebook’s mobile website, we’ve got what you need.

How Does This Feature Work?

The new Lock Profile feature is essentially Facebook introducing better safety measures. By enabling this feature, users restrict access to their profile, specifically to those they aren’t friends with on the platform. As soon as your profile is locked, people who aren’t on your friends’ list won’t be able to see your posts, nor can they view your photos and stories.

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If you’ve had Public posts in the past, the feature will automatically change the privacy setting to Friends. Not only that, but it will also enable the tag review and timeline review options automatically. These two options ensure that your tagged photos won’t automatically reflect on your account. Instead, such posts will require your permission first.

Now that you understand more about how this feature works, it’s time to teach you how to enable it.

How to Lock Your Facebook Profile on Android and iOS

If you have the Facebook app on your Android or iOS device, locking your profile will only take a few minutes. Here’s what you need to do:

  1. Launch your Facebook app and go to your profile.
  2. From there, tap on the menu represented by three dots. It should be located beside “Add to Story.”
  3. You’ll find the “Lock Profile” option in that three-dot menu. Tap on it, and you’ll be redirected to the Lock Profile page.
  4. Select the option that says “Lock Your Profile” to confirm your decision.

After confirming, your Facebook profile will be locked successfully. If you’re ready to be less private about your profile, you can unblock it by going through the same steps.

How to Lock Your Facebook Profile on Your Browser

If you don’t have the Facebook app or you typically use the platform on a mobile or desktop browser, you can still lock your profile with no issues. Here’s how to do it:

  1. On your mobile or desktop browser of choice, head over to www.facebook.com and sign in to your account.
  2. Head over to your Profile page.
  3. Tap on the three-dot menu like in the previous steps above.
  4. Select the “Lock Profile” options.
  5. You’ll see a pop-up message explaining what the feature does to ensure you fully understand what you’re doing.
  6. Once you’re sure about your decision, tap on the “Lock Your Profile” button at the bottom. This will immediately restrict your profile from being viewed by strangers.

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Steps to Unlock Your Facebook Profile

If you no longer want to lock your Profile, Facebook also allows you to unlock it whenever you want. To unlock your Facebook profile, follow the steps below:

  1. Launch the Facebook app on your smartphone or head over to the Facebook website if you’re using a browser.
  2. Go to your profile and tap on the three-dot menu.
  3. From there, you’ll see an option to “Unlock Profile.” Tap on that option to see a pop-up message confirming your decision.
  4. Tap on “Unlock Profile” again to confirm.

How to Redeem Free Fire Rewards

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It’s always a bonus when video games offer freebies to their players, but as you can imagine, this isn’t a common occurrence. Garena Free Fire is one of the few battle royale titles that give players freebies. The game already offers you many items from the get-go, such as bundles, emotes, skins, costumes, guns, and more.

You can acquire these items by using Diamonds, an in-game currency, but you can also get them free by participating in various in-game events. However, there’s a third way you can earn rewards in Garena Free Fire: the developers themselves also give out free reward codes you can redeem. These codes hold great rewards, such as new skins and other things that improve your gameplay experience.

If you received a free code from the developers, you can redeem them through the official Free Fire redemption website. But if you need more assistance figuring it out, no worries. In this article, we’ll help you every step of the way.

More Details About the Free Fire Rewards

As mentioned, Garena Free Fire has an expansive list of enticing in-game items, but most of these are not that affordable as you still have to spend Diamonds to buy most of them. However, there are instances where the game’s developers release exclusive redeem codes for players to enjoy.

These codes allow you to get your hands on excellent in-game items for free, including emotes, skins, characters, guns, costumes, and many more. However, it’s worth noting that these codes expire, so you’ll need to redeem them before that specific date passes. Otherwise, the code will become void.

In addition, these codes are typically given to players of a specific server, which means that players from regions outside of that server won’t be able to redeem them.

With that in mind, here are a couple of fun facts about these Free Fire codes.

  1. A legit Free Fire Redemption code will consist of 12 characters featuring numbers and capital letters.
  2. After successfully redeeming the codes, the items you acquire will be available on the vault tab in the game lobby.
  3. If a Redeem code contains gold or diamonds, the amount will immediately reflect in your account after redemption.
  4. You can’t use a guest account to redeem the free codes.

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A Step-By-Step Guide on Redeeming Free Fire Codes

To redeem the codes you’ve received, you’ll have to go to Garena Free Fire’s dedicated website rewards.ff.garena.com. There’s no other way to redeem the free codes from developers, so ensure you’re going to the correct website and not some dupe.

That said, here are the steps to redeem Free Fire codes:

  1. Head over to the website indicated above using your web browser of choice.
  2. Log into your account. Alternative login options include Facebook, Twitter, VK, Apple ID, Google, and Huawei ID.
  3. Once you’ve logged in successfully, type in or paste the redeem code on the designated field. Tap Confirmed afterward.
  4. You’ll see a pop-up message appear on the screen, which should confirm whether your redemption was successful.
  5. From there, go ahead and launch Garena Free Fire on your smartphone.
  6. Collect the free rewards from your in-game mailbox.

However, as mentioned previously, you can’t redeem any codes if you use a guest account. That’s why we recommend that you link your Free Fire account to your social networking platforms such as Google, Facebook, or any of the other platforms mentioned above.

Common Errors

Redeeming Free Fire codes will typically go smoothly, but it’s worth noting that there’s a chance you’ll experience some errors during the process. Typically, one of the primary reasons you’d receive an error message is if the code is only meant for a specific server.

In other words, if a player who lives outside that server’s region tried to redeem the codes, they’ll undoubtedly encounter an error message saying, “Failed to redeem. This code cannot be used in your region.”

Another possible reason is that the code has already expired, which means it’s no longer usable.

The Best and Most Unique BGMI Nicknames for Battlegrounds Mobile Players in India

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Battlegrounds MJobile India is officially available to the public, and it has been gaining popularity ever since its initial announcement. It’s undoubtedly one of the most highly anticipated battle royale titles in India after the banning of PUBG Mobile. BGMI essentially looks and feels like PUBG Mobile, but it has significant and noticeable changes as well.

However, it hasn’t changed the option to change your in-game name. If you’ve tried playing PUBG Mobile in the past, you’ve probably noticed how some players have stylish and unique names. If you also want to have a fancy in-game name, you’ve come to the right place. We’ve compiled some of the best and most unique BGMI names that boys and girls can use in this article. With these names, you’ll surely stand out.

BGMI Nicknames for Boys and Girls

FOR BOYS

FOR GIRLS

須•DⴽΛGΘΠ•須

✿ • Q U E E N✿ᴳᴵᴿᴸ࿐

░B░O░S░S░

ⓓⓞⓛⓛ

ᎠΛᴄ͢͢͢ᵘᏞ×͜×

『PSYCHO』BABY

J҉O҉K҉E҉R҉

々Angel々

’

W O N D E R W O M A N

™Ꭰᥲʀκ͢Ӄᴎ͟͞ɪ͟͞ԍ͟͞ʜ͟͞ᴛ]™

么ツNiNJAツ么

■●ŁØVEŁÝ_ĂŇĞEŁ●■

➳ᴹᴿメ 亗

_Ƈαᴅɓυɤყ

♛REDツKING♛

๛BABY父๛GIRL

★ʜɪᴛᴍᴀɴ_47࿐

B么 R B I E ツ

ĐàŔkツCÀMPER

DazzlingツGIRL

SkULL༒CruSHeR

༺༒QueeN༒༻

✰ ✓✓

༄❥ ❥༄

ツEQZツHattori

ᵘʳ♕︎

““

⦃Pบ多gGirℓ⦄

➳ᴹᴿメ N O O O O O B亗

shehuk⇝

⚡TheƑlαsh⚡

༺Ꮮ₳ᎠᎽ❥♥ᏰᎧ$$༻

EviLDoeR×NiTeS

SpyㇱGIRL

꧁༒☬sultan☬༒꧂

~♤♡◇《PUBG girl^♤》

꧁ RคᎥនтαʀ ࿐

々Angel々A a k n s h a

 

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How to Change Your BGMI Name

Changing your in-game name on BGMI is as easy as pie. However, the catch is that you’ll need a Rename Card first to change your name. Fortunately, BGMI’s developers have been giving free Rename Cards to users who migrated their game data from PUBG Mobile to BGMI. If you’re one of those users, you should have received a free Rename Card. Otherwise, the other way to acquire a Rename Card is by purchasing it from the BGMI store.

Once you have a Rename Card, follow these steps to change your name:

  1. Launch BGMI on your mobile device.
  2. Head over to the in-game lobby and click on “Inventory.” You can find this on the bottom-right corner of your screen, right next to “Mission.”
  3. From there, tap on the box icon situated on the bottom part of the Inventory menu.
  4. You should see a “Rename Card” button. Tap on “Use.”
  5. A pop-up window should appear, where you can type in your new nickname.
  6. Tap on the “Ok” button once you’re sure, and the changes should reflect immediately.

Note that your nickname has to be unique, so try another one if the name is already taken.

Finding Stylish BGMI Nicknames Online

If none of our suggestions above caught your eye, you could also create a stylish and unique nickname for yourself. Here are the steps to do so:

  1. Head over to https://nickfinder.com/PUBG using your web browser of choice.
  2. You should see a dialogue box located in the top-right corner.
  3. Type in the name you want to use and click “Search.”
  4. The website will give you several options to choose from. Look at the provided suggestions, and once you’ve found the best one, go ahead and copy it.
  5. If none of the suggestions work for you, tap on “Generate Another” to keep searching for a BGMI name that you like.

The Taper Fade Haircut: All About This New Trendy Look

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Have you ever experienced a time when you saw a man with an incredible haircut and secretly wanted it too? One highly coveted hairstyle for men is the taper fade, and many want to try out this trendy look, but they’re worried they won’t be able to pull it off. If you’re one of those people, then there’s no need to worry because there are different ways you can get the taper fade haircut to ensure it fits your facial structure and even your age.

What Is the Taper Fade Haircut?

A taper fade is a type of hairstyle where there’s more length at the front-top area while getting significantly shorter down the sides and back. You can choose between three options for the fade itself: high, medium, or low. It’s called the taper fade because your hair essentially “fades” out to a shorter length until it eventually blends into your skin. Meanwhile, the front section has a sleek and “tapered” style.

Why Is This Haircut So Popular?

One of the reasons the taper fade is so popular is because it looks classy, and it makes any man sporting it look classy. If you’re the type of person who doesn’t want an entirely short haircut, then you may want to consider this hairstyle.

No matter your age, the taper fade haircut is trendy among men. It’s an especially ideal hairstyle to sport during the summer, as it prevents your head from getting too hot, thanks to its “faded” out style. However, despite having short hair down the sides and back, you still have a lot of volume and texture to work with at the top, giving you a sexy and iconic look that will help you stand apart from the rest.

One of the benefits of taper fades is that you can modify it however you want, allowing you to choose among dozens of different cuts. As such, you’ll undoubtedly find a look that fits your personal preferences, facial structure, age, etc. In addition, the taper fade haircut is suitable no matter the hair texture. You could have curly, straight, wavy, etc., hair, yet this cut will still look iconic.

Besides, taper fades are super easy to style, so it’s ideal for those who are busy and constantly on the go. Some may require a bit of product and maybe even a hairdryer, but it depends on what kind of cut you’re getting. Overall, it’s a pretty low-maintenance haircut. However, you’ll have to get the sides and back of your head regularly trimmed every couple of weeks if you want to maintain the look.

Some Examples of Taper Fade Styles

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Wavy/Curly Taper Fade

If you have naturally wavy or curly hair, then you’re probably familiar with the feeling of constantly battling your hair for dominance. It can be challenging to find a hairstyle that genuinely suits your wavy or curly hair, as it constantly tries to look frizzy or out of control. In that case, you may want to try out the wavy/curly taper fade haircut.

This taper fade style somewhat resembles a mohawk, but it has an added volume that carries the hairstyle and makes it look cool. The wavy/curly taper fade looks super interesting, too, thanks to the extra texture provided by the natural curls or waves.

With the help of a hairdryer and a high-quality styling mousse, you could undoubtedly rock this look in your everyday life.

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Pompadour Taper Fade

The pompadour taper fade was incredibly trendy back in the 1950s, but it continues to be all the rage even today. The pomp or pompadour look has a short cut on the back and sides, with lots of volume and length on the top and front of the head. Unlike the pomp taper fade from the 50s, this contemporary look doesn’t require as much styling products because it’s not as slicked back.

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Pompadour Combover Taper Fade

Finally, we have another version of the pomp look known as the pompadour combover taper fade. However, this version isn’t as voluminous as the original, and the dramatic side part gives the look an edge that other styles don’t have. The combed-over look for this taper fade looks sleek and stylish, and it’s another fantastic look for men with natural curls or waves.

Everything You Need to Know About the XSP Coin

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There have been so many new crypto projects popping up left and right these days that it’s hard to keep track. If you want to be one of the first ones to take advantage of rising rates when they occur, you need to be aware of what’s new and how they work.

In today’s article, we’ll be taking a look at the XSP crypto project. Officially named XSwap or XSwap Procotol, XSP comes from the Xfinance platform. You can use many crypto trading websites out there as a handy tool to trace XSP’s price and price changes, trade volume, and other crucial details about the asset.

More About XSP Crypto

Xfinance is a decentralized finance ecosystem, and it works as a platform that gathers various digital assets. It’s also a leverage trading platform where users can trade assets at a much more affordable price than what’s on the market. Since leading assets with significant market shares regularly experience shifting prices, the price of XSP will also change accordingly. In other words, XSP’s rate doesn’t entirely depend on its availability or functionality.

When you buy XSP tokens, that means you’ll be able to utilize the functionality of Xfinance’s ecosystem fully. Xfinance’s operators even acknowledge that XSP is the network’s most important coin.

XSP is an altcoin, which indicates that it’s not a Bitcoin cryptocurrency. This also means that XSP doesn’t have as much market share as Bitcoin, so it can be challenging to buy and sell because it’s not traded often.

How to Buy XSP

Some decentralized currencies can be hard to buy, especially because many aren’t that easily accessible. It’s easy to buy big-time crypto assets like Bitcoin online because most people already know their usefulness. However, this isn’t the case for smaller cryptocurrencies like XSP.

In such cases, investors have to go through extra steps to buy and sell. To buy XSP, you must first purchase Ethereum. Once you have ETH in your wallet, you can trade it for XSP.

Where Can You Buy Ethereum?

You won’t have any trouble finding Ethereum to purchase because it’s one of the most significant crypto tokens on the market, which means it’s available on most exchanges like Gemini, Binance, Kraken, Bitfinex, Coinbase, and more. The first step is to create an account on your crypto exchange of choice; then, you link your credit/debit card or bank account.

Every crypto exchange platform has various requirements you’ll need to keep in mind before you can set up your account. For instance, buying crypto means you’ll have to pay transaction fees. These fees vary per exchange, so you must look for an exchange with fees you agree with.

You must also note that a crypto’s value constantly changes, even with only a 1-hour difference. It’s ideal for traders to buy low to sell it high later on. As such, crypto trading involves waiting for the right time to make a purchase. Once you have some Ethereum deposited into your account, you can proceed to the next phase.

Time to Buy XSP

You can now buy XSP using a crypto exchange now that you’ve got ETH. Note that not every crypto exchange supports XSP, so you may have to transfer over to another exchange that does offer it to purchase. Some crypto exchanges that offer XSP include Bitrue and LBank.

Lesser-known exchanges typically offer XSP, but you have to be wary about using these smaller platforms because some aren’t safe or reliable. It would be best if you did a lot of research first about the exchange you’re interested in to ensure you’re not losing money instead. If you choose a platform that doesn’t have proper security, your account could be a victim of hacking or cyberattacks.

The more popular XSP becomes, the more exchanges will support it.

Storing Your XSP

After buying XSP coins, you can keep them safe in a digital wallet on the exchange platform itself. However, you can also store your coins offline using a hardware wallet, which is more reliable and secure.

That said, note that the value of XSP can still change even when you store your coins offline. The price will automatically update when you start trading, showing the current day’s value.

Selling Your XSP

Selling XSP has a similar process to when you purchased it. In other words, you’ll have to convert the asset into a major cryptocurrency before you can cash it out. This is because it can be much easier for you to gauge the value of your XSP when you convert it into Ethereum or Bitcoin.

Investing in XSP

Most crypto enthusiasts invest and trade these digital assets because they want to profit. If you want to do so with XSP, you must buy when the price is low. Then, don’t go selling your XSP whenever you feel like it. You have to wait until the rates are high, higher than when you purchased.

Ferrari Is Excited to Enter the Metaverse and NFTs

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Ferrari CEO Benedetto Vigna stated that the premium sports car maker is interested in entering the blockchain, Metaverse, and non-fungible token (NFT) industries in the future. The CEO also mentioned that the company would continue to invest in its bitcoin efforts in the near future.

During the company’s quarterly results call, Vigna informed the audience that Ferrari is looking for ways to adapt to the fast-paced technological advances. Ferrari recently signed a contract with Swiss blockchain company Velas Network, paving the way for the creation of exclusive digital content and a metaverse brand for Scuderia fans.

In exchange, Velas will manage the majority of Ferrari’s official e-sport teams and serve as a sponsor for official tournaments.

Ferrari reveals the Metaverse

Ferrari confirms its foray into the Metaverse with this announcement. The relationship with Amazon Web Services (AWS) in Wales to manage digital technologies and Web 3.0 is at the forefront of this development.

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“For sure, the digital technologies, the web 3.0 technologies that they’re employing, the Blockchain, and the NFT is an area that is fascinating for us, and it deserves some attention,” Vigna told Binance.

Ferrari chose to establish a new section focused on digital technology within its retail business in order to scale up the company’s response to the development.

Web 3.0 is a decentralized internet infrastructure powered by blockchain despite the lack of a standard definition. Unlike the 1.0 and 2.0 versions, which are fully free of ownership, Web 3.0 market shares can be purchased in the form of digital tokens.

This type of platform might be held by “random people” and would not be subject to government regulation. It would also undermine the authority of huge Silicon Valley corporations like Meta and YouTube, which rely on corporate sponsorship.

Field with a High Density

Nonetheless, Vigna admitted that Ferrari is up against a plethora of competitors in the cryptocurrency market, many of whom have established substantial footholds.

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He also stated that “The Prancing Horse” has a long way to go before it can be considered a pioneer in the highly competitive market.

Meanwhile, purists associate Ferrari with a product range that features commanding engines, and they believe that eliminating them would be sacrilege.

Many Ferrari fans shiver at the prospect of a car lacking a loud and powerful V8 or V12.

Nonetheless, as the future of automobile technology leans to EVs, the iconic Italian company has no alternative. Ferrari wants to attract this new audience, but it is not in a hurry to do it.

The sales of NFTs are increasing on a daily basis, and as digital assets gain popularity, they anticipate that more companies, including “institutions” in the automobile sector, would adopt the blockchain system.

Myanmar’s Junta Intends to Launch Its Own Digital Currency

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In the middle of December of last year, Tether became an official currency in Myanmar’s shadow government. To tackle this, the country’s ruling junta advocated a cryptocurrency prohibition. Despite the fact that crypto payments are difficult to track, the prohibition may have been less successful than it could have been.

According to a spokesperson of the State Administration Council, the military administration intends to create a digital currency to facilitate local payments and boost the country’s economy, which has been shaky since the 2013 coup.

However, as Deputy Information Minister Major General Zaw Min Tun has stated, it is unclear whether the military administration will collaborate with local businesses to launch its digital currency.

Myanmar Struggles Under the Junta

According to World Bank predictions, Myanmar’s economy will contract by about 20% in the fiscal year ending September 2021. According to the World Bank, Myanmar is expected to grow by 1% in the fiscal year ending September 2022.

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The country’s economy, financial system, and other critical socioeconomic infrastructure have been badly harmed as a result of the military takeover.

Myanmar’s junta took control early last year after a coup orchestrated by military generals and other authorities. Myanmar’s state councilor and de facto leader, Aung San Suu Kyi, was imprisoned by the militant group, sparking widespread protests and a harsh military crackdown that resulted in the deaths of over 1,500 people.

The exiled unity government of deposed leader Aung San Suu Kyi has endorsed stablecoins. The USDT was formally acknowledged as the country’s currency in December. Of course, that was mostly for the goal of raising funds and demonstrating unequivocally that it opposes the military administration, which banned cryptocurrency in May 2020.

Learning the Intricacies

Suu Kyi’s followers formed the National Unity Government in an attempt to destabilize the junta (NUG). The group began to raise funds in order to depose the military regime in control. Suu Kyi has been charged with a multitude of offenses and is currently imprisoned.

So, on the surface, a central bank’s digital currency appears to be a fantastic idea, particularly in a nation like Myanmar, which may benefit from a financial device that allows the unbanked to gain access to the financial system.

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The problem is that nearly no one in the Southeast Asian country wants to be identified. There’s a good explanation behind this.

“How many more civilians must Myanmar’s military imprison, torture, and kill before powerful states intervene to stop the junta’s flow of money and arms?” Brad Adams, Asia director at Human Rights Watch, questioned the coup’s anniversary last week, citing “everyday atrocities.”

Meanwhile, the report did not specify if the digital currency, known as a CBDC, would represent the nation’s fiat currency in digital form. Win Myint, director-general of the Central Bank of Myanmar’s currency-management department, and his colleagues are just getting started with digital currencies.

“We’re still figuring out digital money… “We must evaluate both the benefits and the drawbacks,” he stated.

Not only Myanmar is considering launching its own digital money. Several significant countries, like China and India, have begun to investigate digital assets in order to strengthen their financial systems and have developed a roadmap for developing digital currency infrastructure in their respective jurisdictions.

Japan is thinking about relaxing the country’s stringent $1 trillion coin listing laws

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The Japanese Virtual Currency Asset and Exchange Association (JVCEA) is exploring relaxing coin listing rules. Japan, which has a $1 trillion cryptocurrency trading market, is shifting its focus and innovating by making it easier to list digital tokens.

Prospective digital currencies need to go through a long coin listing screening process, which often takes more than a half year to complete.

JVCEA members have complained about the time-consuming process, which has reportedly stifled the growth of Japan’s $1 trillion crypto business.

Extensive Coin Listing Procedures

Because it caters to coins that are popular globally, the screening method has made it difficult for new crypto entrants to gain market share. Furthermore, members must compete if they want to have several tokens accepted.

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The Financial Services Agency (FSA), Japan’s watchdog, has now allowed the association to undertake the process on its own with the latest concessions.

Coinbase, for example, began as a local subsidiary selling only five currencies, compared to Coincheck Inc. and GMO Coin Inc., both of which provide 17 tokens.

The listing of somewhat popular tokens will be easier under the new guidelines. For example, eligible tokens will include currencies that have been traded in the country for at least six months and are listed on at least three local exchanges.

The organization is still working to develop a more efficient and improved method of listing coins that aren’t expressly traded in Japan.

The Crypto Market Is Extremely Overpriced

These new restrictions were developed in response to the arrival of Coinbase and FTX into the competitive Japanese crypto sector through subsidiaries that registered crypto exchanges.

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If authorized, it would make it easier for exchanges to list Bitcoin (BTC) and Ether (ETH) (ETH). (As of this writing, the current price of Bitcoin is $38643.39.) BTC is 43.82 percent of the way down from its all-time high of $68789.63.)

For the longest time, Japan has lagged behind the rest of the world in terms of listing digital coins.

According to JVCEA data, the total value of cryptocurrency exchanges in Japan increased by half in the first 11 months of 2021, totaling 103 trillion yen ($900 billion).

Despite the fact that these data are rapidly increasing, it is evident that Japan’s presence in the global crypto industry is not as competent.

So yet, the choice in the proposed rules has not been completely sorted out. JVCEA has likewise been silent on the subject of foreign digital coin listings.

Nike Takes Legal Action Against StockX Over New NFT Releases

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We originally covered online sneakerhead and hypebeast cultural hub StockX and its first formal push into NFTs, the ‘StockX Vault,’ less than a month ago. StockX sought a new approach to recognize ownership in an apparent effort to tokenize their physical assets – but what does that genuinely imply, and how would StockX completely execute it? Those questions still require some much-needed clarification, which must be brought to the surface.

However, StockX will face more obstacles before that can happen, as leading apparel company Nike has filed a lawsuit against the site for improper trademark usage.

Given how early in the evolution of NFTs we are, there is little to no precedence for how courts would interpret trademark incorporation and usage in the context of NFTs. However, here’s what we know about the most recent case in this field:

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  • A federal lawsuit involving brand dilution: Nike filed the action in the Southern District of New York this week, claiming that the Vault program utilizes Nike trademarks without permission. According to the complaint, “Nike did not approve or sanction StockX’s Nike-branded Vault NFTs.” These unapproved products are likely to confuse consumers, create a false relationship between them and Nike, and dilute Nike’s famous trademarks.”
  • Nike’s complaints echo a typical critic’s point of view: StockX detractors in the early days of the Vault program were outraged by the degree of centralization within the ‘Vault.’ According to the platform’s terms of service, an NFT in the Vault program can be redeemed from the owner’s hands at any moment for an “experiential component” at the platform’s sole discretion. This does not appear to be consistent with the qualities of actual ownership that we generally identify with NFTs.

While the lawsuit is expected to result in a settlement, it’s worth emphasizing that there are still many unanswered problems around IP usage in the context of NFTs.

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In recent weeks, we’ve been keeping a close eye on the continuing struggle between fashion house Hermes and NFT designer and ‘MetaBirkins’ creator Mason Rothschild. Previously, the fashion label served Rothschild with a cease-and-desist letter on his successful NFT series, which Rothschild publicly declined. In the most recent development, Hermes has chosen to sue Rothschild. The case is widely seen as one that could establish the standard for NFT IP usage in the coming years.

Solana and Ethereum Recover Following Double-Digit Gains

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In the previous 24 hours, Ethereum and Solana have risen dramatically on their charts. At the time of writing, Bitcoin had also recaptured the $40k price threshold; thus, major altcoins followed a similar price rise.

The enormous attack on Wormhole, an important bridge protocol between Solana and Ethereum, led ETH to fall by about 8% while SOL fell by double digits. Solana was selling for $109.18 at the time of writing, having been parked below the $100 mark the day before.

With continuing market bullishness, Ethereum was observed changing hands for $2953.03 and could soon approach the $3000 price barrier. At press time, buyers for both assets emerged, bringing the currencies close to the overbought zone.

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After falling below $100, Solana regained the price mentioned above and experienced a sharp 12 percent comeback. SOL’s overhead resistance was $131.58, while a push below the current price level would see the currency trade at $102.27.

Solana’s technical prognosis was quite optimistic at the time of publication. A new price floor of $156.43 was awaited, while the support region was close to $96. The altcoin’s price was seen parked above the 20-SMA line. This reading showed that sellers were in charge of pushing the asset’s price movement in the market.

The Relative Strength Index (RSI) measures the coin’s buying power. On the four-hour chart, the RSI was at 60, which is regarded as quite bullish. With continued demand, SOL may be found in the overvalued zone as buying strength is restored from the negative zone.

The Awesome Oscillator displayed a positive reading, and the indicator displayed green signal bars. These signal bars were visible above the half-line, indicating that the market’s overall trend was bullish at the time of publication.

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At press time, Ethereum had broken through its support level of $2678.08 and was up 14%. At the time of writing, the currency was priced at $2953.03 and had bullishness on its charts. The broader market’s support would propel ETH back to the $3,000 price level in the following trading sessions.

If the currency reaches $3,000, it must continue trading between $2,953.03 and $2,678.08 in the coming trading sessions, ensuring a bullish week for the coin. A breach above $3,000 would boost prices to $3289.36; however, the altcoin’s buying strength must be persistent.

ETH could fall through $2,678.08 and trade towards the $2,501.49 price floor if purchasing strength collapses. At the time of publication, Ethereum was overpriced. Because the asset was expensive, the Relative Strength Index was nearing overbought territory.

The price of Ethereum was seen to be above the 20-SMA, indicating market purchasing strength. Buyers were in command of the market’s price momentum. At the time of writing, MACD had completed a bullish crossover and was flashing rising green signal bars.

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