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PayPal filed a patent application for a system that lets users transfer and purchase nonfungible tokens. In this week’s newsletter, read about how a nonfungible token (NFT) artist raised money to support a cancer charity and why payments platform PayPal has filed a patent application for an NFT marketplace . Check out Meta’s new photorealistic metaverse avatars and, in other news, learn why Neal Stephenson’s metaverse blockchain project remains optimistic despite waning interest. NFT artist raises $140,000 for cancer support charity NFT artist Trevor Jones donated almost $140,000 to Maggie’s Edinburgh — an organization dedicated to cancer treatments — after raising funds from a Web3 event in France. The amount raised from the event will help 4,000 patients affected by cancer and those who need critical support. According to Maggie’s Edinburgh, the funds raised by Jones will be the highest single donation from an art event in the organization’s history. The money collected will suppo...

A nonpartisan research and advocacy group says it is trying to invalidate efforts by a patent troll to sue crypto projects. The DeFi Education Fund (DEF), a Washington D.C.-based policy research group , said in a recent blog post it has taken action against True Return Systems LLC (TRS), calling the firm a “ patent troll .” According to the statement, DEF filed a petition last week with the US Patent and Trademark Office (USPTO), trying to initiate an inter partes review (IPR) and cancel all claims in a patent owned by TRS. The move comes after TRS filed a lawsuit against MakerDAO and Compound Protocol in October 2022 for alleged infringement of a US patent . DEF argues that the patent should have never been issued, citing a lack of unique solutions. “In our petition, we demonstrate to the USPTO that the technology described in the patent [owned by TRS] was not new or unique at the time the patent was granted, and, in fact, there was prior art in circulation ...