Hey Waivly Crew! 🌊 The PGA Tour has partnered with Autograph to create its own NFT platform. Coinbase will release a new fee structure on Tuesday, September 20th at 5 PM ET.
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PGA Tour partners with Autograph to create NFT platform
The PGA Tour has partnered with Tom Brady’s Web3 brand Autograph to create its own dedicated NFT platform.
The new platform will pull from the PGA’s archive of video, data, imagery, and other competition-related components. According to a report from Sportico, the platform is set to launch in early 2023 and distribute all revenue directly to its players.
Golf fans will have the opportunity to own and collect NFTs featuring the best PGA TOUR golfers in the world, as well as iconic moments from the archives and the current FedExCup Season.
Collectors will be granted rewards with a wide range of utility, including access to exclusive digital, in-person and onsite experiences, and other program benefits.
“The PGA TOUR is excited to work with Autograph to offer digital collectibles that highlight the most talented golfers in the world and their role in the sport’s history,” said Len Brown, PGA TOUR Chief Legal Officer, and EVP, Licensing. “The TOUR is continuously looking for innovative ways to engage fans to bring them closer to the game and their favorite players, so we’re thrilled to start building the future of golf fandom with the Autograph team.”
This isn’t the PGA Tour’s first time embracing NFTs. In April, the Tour chose Autograph to mint Tour-licensed highlights, photos, and data as NFTs, Golf.com reported at the time.
SEC orders Sparkster to return $35M to harmed investors of 2018 ICO
Crypto firm Sparkster and its CEO, Sajjad Daya, have agreed to a settlement with the U.S. Securities and Exchange Commission (SEC) over charges from its unregistered 2018 initial coin offering (ICO).
According to a press release, Sparkster and Daya raised $30 million from 4,000 investors “by offering and selling crypto asset securities called SPRK tokens” between April and July 2018. They told investors the money would help develop its “no-code” software platform, and promised that SPRK tokens would increase in value.
Sparkster and Daya received a cease-and-desist letter from the SEC on Monday and agreed to collectively pay more than $35 million into a fund for distribution to harmed investors.
Sparkster will pay $30 million in disgorgement, $4,624,754 in prejudgment interest, and a $500,000 civil penalty. Daya will also pay a $250,000 civil penalty.
Additionally, the firm has agreed to destroy its remaining tokens, remove its tokens from trading platforms, and publish the SEC’s order on its website and social media channels.
The SEC also announced that it has “charged crypto influencer Ian Balina for failing to disclose compensation he received from Sparkster for publicly promoting its tokens and failing to file a registration statement with the SEC for Sparkster tokens that he resold.”
Balina purchased $5 million SPRK tokens and promoted them on YouTube, Telegram, and other social media platforms. However, he failed to disclose that “Sparkster had agreed to provide him a 30 percent bonus on the tokens that he purchased, as consideration for his promotional efforts.”
The Waves
🖼️ Last proof-of-work Ethereum NFT minted for 31.5 ETH
💰 FTX still has $1 billion to deploy
👏 Tribe DAO votes to repay Rari Capital hack victims
💬 Network with others in Web3 on the Waivly platform
Creator Special
Gaming_Coastie, also known as Riley, is a prior coast guard now Twitch streamer who loves gaming and bringing his community along on the adventure of his failures and achievements.
Rachel specializes in creating handcrafted jewelry, wands, and other art and display pieces made with cruelty-free bones, skulls, and crystals, that she sells on her Etsy store, ArtByWolves. All the bones used are sourced from animals that died of natural causes as a way to bring new life to their bones and turn them into something beautiful.
Abbadeer37 is a Twitch streamer who likes to play games, craft things, and eat bread. You can find them live throughout the week playing Super Mario Maker 2, Super Mario Party, Mario Kart 8 Deluxe, and other fun Nintendo games!
Coinbase announces new fee structure
Coinbase announced on Monday that it plans to release a new fee structure on Tuesday, September 20th, at 5 PM ET.
The change in fee structure accounts “for changes in global crypto trading volumes and asset prices, lowering the monthly trading volume required to qualify for the mid and upper tiers of our fee schedule,” Coinbase said, adding that it would be implemented on Coinbase Exchange, Pro, and Advanced Trade.
As shown in the table below, the new fee schedule will adjust tiers and change the taker and maker fee structure for transaction tiers above $100,000-$1 million.
The calculation for volume tiers will continue to be based on trailing 30 day volume, according to the blog.
Own and secure your co with Ledger
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The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.
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