Court-ordered NFTs and the importance of Web3 randomness: Nifty Newsletter

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Court-ordered NFTs and the importance of Web3 randomness: Nifty Newsletter
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Random numbers are of great importance in a number of applications, including games, security systems and NFT generation.

A Singapore court permitted the use of NFTs to attach legal court orders tokenized as an NFT to issue a freeze order.​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.

A court-issued worldwide freeze order was tokenized as soulbound NFTs and attached to the wallets in question. The NFTs will not prevent transactions with the wallets but will serve as a warning to counterparties and exchanges that the wallets were involved in a hack. In addition, iSanctuary claimed it had devised a means of tracking funds leaving the wallets, thanks to the NFTs. The NFTs will be permanently attached to the wallets.

For many applications, this is effective. True randomness is not required in every application. In a video game with random encounters, for example, there may only be a limited number of actions the game can take at any given time. A pseudorandom number generator that provides values outside a given scope isn’t going to be of much use. When the stakes are low, technical requirements often match. However, the quality of a PRNG can vary dramatically.

The lawsuit was filed on Oct. 18 and claims that Anthropic “unlawfully” copied and disseminated “vast amounts of copyrighted works - including the lyrics to myriad musical compositions” that are under the ownership or control of the publishers.Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.

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