Caroline Ellison was reportedly seen in NYC. A Chinese court said NFTs were virtual property.

As the FTX fallout continues, former Alameda Research CEO Caroline Ellison reportedly was spotted in New York, causing some to speculate that she’s working with federal authorities. The coffee shop where the photographs were taken is near the city’s FBI office and a U.S. Attorney’s office.

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

Because the user of a technology platform sued an anonymous company for cancelling their NFT order because they entered a different name and phone number, the case was brought to court. 

While the blockchain can already be used to track physical items such as whisky’s basic ingredients, Mike Moldawsky (founder and creator of Diamond Dawn NFT art) is trying to use the blockchain to track diamonds. Moldawsky started the project to allow 333 GIA certified diamonds to be added to the Ethereum blockchain as NFTs. An exclusive list of people will be able to buy the diamonds, which vary from 0.4 to 0.8 carats, for 4.44 Ether (more than $5,600 at today’s prices).

In other news 

Budweiser Budverse Live Scoreboard NFTs have been launched. These NFTs are linked to the FIFA World Cup Qatar. NFT allows buyers to access merch, an interactive penalty-kicking video game, as well as a Discord server for community members. Starting Dec. 2 NFT holders also get a 20% discount on Budweiser’s limited edition football-themed merch line, which includes bucket hats, hoodies, sweatpants, and T-shirts.

Budweiser

Coca-Cola Team up with Crypto.com To produce 10,000 Piece of Magic Digital artist GMUNK created NFTs. The collection is inspired by the heat maps—data visualizations of players’ movements—created during World Cup matches. In a statement, the artist GMUNK wrote, “Coca-Cola ‘Piece of Magic’ uses football data as our paintbrush, defining densities, behaviors and applications of color to shape and create an immersive piece of art that embraces the spirit of football and depicts a visual story unique to each match.”

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