Almost 10,000 images of tennis balls plunge up to 90% in value as Australian Open appears to ditch NFTs

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Nearly 10,000 images of balls have plunged up to 90% in value after Tennis Australia appears to have walked away from its non-fungible token (NFT) program three years after it began selling the artworks to punters.Launched at the peak of hype around NFTs, the Australian Open’s Artball program allowed keen fanatics to buy 6,776 ball artworks sold as non-fungible tokens (NFTs) that are linked to 19cm x 19cm plots on the court at Melbourne Park.In 2023, the Open had an additional 2,454 NFTs on offer.The balls in 2022 were priced at 0.067 in the ethereum cryptocurrency – about $278 at the time of minting on 22 January 2022 – and all NFTs were sold.

In 2023, the balls were minted starting at 0.23ETH each – about $446 at the time.Due to the increased value of ethereum against the Australian dollar, today those NFTs would be worth $338 and $1,162, had they retained their value.However, customers left holding the NFT balls might have noticed a significant drop in the value of their NFT asset.The current floor price for the balls on OpenSea is 0.

005ETH, equating to roughly $25.Recent NFT sales of the balls have ranged from 0.003ETH (A$15) up to 0.0175ETH (A$89) – all significantly lower than the prices at which they were minted.Tennis Australia marketed the NFT program as similar to a frequent flyers program, offering a Discord channel for NFT holders, ground passes for finals weeks and behind-the-scenes access, as well as passes to matches the following year if the portion of the court held in the NFT was linked to the match point plot on the court.

In 2024, the Australian Open appeared not to mint any new NFTs but allowed existing owners to redeem ground passes to finals week,In 2025, there is no mention of the program from the Australian Open or any offer of redeeming passes, and sites for the Artball program remain dormant,The Discord server has been shut down,Tennis Australia did not respond to multiple requests for comment,In 2023, when the crypto market was volatile and the value of the NFTs had fallen by nearly $100, Ridley Plummer, then Tennis Australia’s senior manager of metaverse, NFTs, web3 and cryptocurrency defended the decision to remain in the NFT business.

“We shouldn’t just put down our tools and walk away because the market’s having its challenges,” he said.“There’s obviously a ton of external factors that come into play when you’re exploring a new technology like web3 and NFTs, and when you’re an innovative company like Tennis Australia and the AO there’s obviously challenges and rewards that come with that as well.”Plummer’s title, according to Tennis Australia, is now senior manager of digital sales and metaverse.The Australian Open has since turned its attention to other digital ventures, including launching a way for users to play tennis with simulated commentary in Roblox, and a challenge for young students to build the Australian Open in Minecraft.The Age reported on Monday the Australian Open was also using facial recognition technology at the tournament site to “enhance security and patron safety”.

It comes despite the Australian privacy commissioner ruling last year that Bunnings had breached customer privacy in using facial recognition technology in stores.Several sporting venues, including the MCG, the SCG and Qudos Bank Arena have all been reported to have used facial recognition technology in their venues, but none have responded to Guardian Australia requests on whether they continue to use such technology in light of the Bunnings ruling.
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UK politics: Starmer says ‘door remains open’ for Tulip Siddiq following her resignation as Treasury minister – as it happened

Tulip Siddiq, the Treasury minister, has resigned.She says Laurie Magnus, the PM’s ethics adviser, has said she has not broken the ministerial code. But she is going because if she were to stay she would be a “distraction” to the government.Here is the letter she has sent to the PM.Tulip Siddiq has resigned as a Treasury minister after repeated questions about her financial links to the ousted Bangladeshi government run by her aunt

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Tulip Siddiq resigns as Treasury minister over alleged Bangladeshi financial links

Tulip Siddiq has resigned as a Treasury minister after accepting the government was being harmed by the furore over her close ties to her aunt, the ousted prime minister of Bangladesh now accused of corruption.Siddiq, who was the City and anti-corruption minister, stepped aside after an investigation by Laurie Magnus, the adviser on ministerial standards, into her use of properties given to herself and family by allies of the regime of Sheikh Hasina.She was not deemed by Magnus to have broken any rules over her use of the homes and he found no evidence to suggest that any of Siddiq’s assets were derived from anything other than legitimate means.The inquiry also looked into her presence at the signing of a 2013 nuclear deal between her aunt and Vladimir Putin in Moscow. The adviser accepted her explanation that she had been there only socially and as a tourist

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Bangladesh files criminal case against UK minister Tulip Siddiq

Authorities in Bangladesh have filed a criminal case against the UK Treasury minister Tulip Siddiq, accusing her of misusing her position as an MP to gain influence and illegally acquire land with her aunt the ousted prime minister Sheikh Hasina.Siddiq has faced mounting calls to resign over her links to Hasina, who was toppled in August after mass protests across Bangladesh and is facing charges of corruption and crimes against humanity.On Monday, Bangladesh’s anti-corruption commission (ACC) said it had filed a case against Hasina and her wider family over an alleged large-scale land grab of lucrative plots in a suburb of the capital, Dhaka. The case named the former prime minister as well as Siddiq.“Sheikh Hasina, in collaboration with some officials, allocated plots for herself and her family members,” said the ACC director general, Akhter Hossain

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No 10 backs Rachel Reeves to remain in post for rest of parliament

Rachel Reeves will remain as chancellor until the next general election, Keir Starmer has insisted, as he warned the Treasury would be “ruthless” over public spending cuts to help meet the government’s fiscal rules.The Treasury is looking for billions of pounds of savings from departmental budgets to balance the books at this summer’s spending review, after another difficult day for the economy that saw the cost of government borrowing rise and the value of the pound fall.Starmer said that Reeves was “absolutely right” to take a tough approach to public spending after a bruising week in the markets and concern among some Labour MPs over her plan to get the economy back on track.“Yes, we will be ruthless, as we have been ruthless in the decisions that we’ve taken so far,” the prime minister said at the launch of the government’s artificial intelligence action plan in east London.“We have got clear fiscal rules, and we are going to keep to those fiscal rules, and that’s why the chancellor was absolutely right in the words that she chose to describe the approach that we will take

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Charities call for Tulip Siddiq’s resignation from anti-corruption role

Tulip Siddiq should give up her ministerial responsibility for UK anti-corruption policy, a group of charities has said, amid concerns about her links to the former Bangladeshi regime of her aunt, Sheikh Hasina.The UK Anti-Corruption Coalition – which includes international groups such as Oxfam, Transparency International and Spotlight on Corruption – released a statement on Monday night urging the Treasury minister to hand over her anti-corruption role.Siddiq, who is also the Treasury minister in charge of financial services policy, is under pressure after weeks of revelations about her links to her aunt’s former regime, including the fact she lived in or owned properties paid for by Hasina’s allies.Last week, Siddiq referred herself to Laurie Magnus, the prime minister’s adviser on ministerial interests, but the group said she should lose the anti-corruption portfolio regardless of Magnus’s findings.The group said in its statement: “[Siddiq] currently has a serious conflict of interests

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What does AI plan mean for NHS patient data and is there cause for concern?

UK ministers have committed to creating a National Data Library for building artificial intelligence models, as part of an AI action plan.The library will comprise state-controlled data with at least five “high-impact” public datasets being compiled. The prime minister, Keir Starmer, indicated on Monday that patient data from the National Health Service could be part of the library.Health data is a sensitive issue in an age of criminal hackers, cyber espionage by rogue states and general concerns about the robustness of AI tools. Here we answer some of the questions around the potential use of NHS data