\u00a0\u200b\u200bWelcome to the latest edition of Cointelegraph\u2019s 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.<\/p>\n
In this week\u2019s newsletter, read about how a parliamentary committee in the U.K. has urged officials to take action on nonfungible token (NFT) copyright infringement issues. Check out a Web3 executive\u2019s thoughts on how the NFT market slump is actually a sign of maturity, and in other news, learn more about an incident in which MetaMask was briefly removed from Apple\u2019s App Store.<\/p>\n
A bipartisan parliamentary committee recently urged officials in the United Kingdom to take action to protect creators from the possibilities of copyright violations stemming from NFTs. The committee also asked the government to address the potential harms of sporting groups issuing digital assets. <\/p>\n
According to the committee members, the \u201cmost pressing issue\u201d is the risk to the intellectual property rights of artists due to the ease and speed at which NFTs can be minted. <\/p>\n
Continue reading<\/strong><\/p>\n The executive director of the Decentraland Foundation, Yemel Jardis, told Cointelegraph he believes that with more community education on NFTs, the focus will shift from speculative trading to genuine utility.<\/p>\n According to the executive, a steep collapse in the price of NFTs shouldn\u2019t be seen as a sign of distress. Jardi said the NFT market has not \u201cregressed\u201d \u2014 rather, \u201cit\u2019s maturing.\u201d<\/p>\nNFT market slump shows it\u2019s maturing toward \u201cgenuine utility,\u201d execs argue<\/h3>\n