Five persons have been charged in France for allegedly swindling NFT owners to the tune of $2.5 million. According to the prosecution, the suspects targeted holders of popular NFT collections like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) through phishing operations. Unsuspecting victims were lured
Europe’s largest digital asset trading house CoinShares International Ltd. has launched an experimental Twitter bot to enable users to check the estimated fair market value of specific NFTs. According to the company, the CoinSharesNFTAI bot feeds various OpenSea data points to tested mathematical models to predict the fair price
Mike “Beeple” Winkelmann, one of the most successful NFT artists in the world, is looking to debut a real-world studio that will host NFT exhibitions. The famed NFT artist, who made headlines last year after his record-breaking $69.3 million NFT sale, shared a video on Twitter showing the construction
Uniswap Labs has raised $165 million in a Series B funding round led by Polychain Capital. Some of blockchain’s biggest venture firms participated in the round, including existing investors Andreessen Horowitz, Paradigm, Variant, and SV Angel. The decentralized exchange intends to channel the funds into the expansion of its
As part of a long-running NFT project, English artist Damien Hirst has burnt hundreds of his physical artwork, valued at around $10 million. Hirst, who is reportedly Britain's richest living artist, launched an experimental art project called "The Currency" last July. He created 10,000 paintings
Gaming veteran Konami Digital Entertainment has announced that it is expanding its plans for NFTs and other Web3 services, such as the metaverse. The Japanese video game developer stated in a press release that it would be recruiting a “wide range of talent for system construction and service development to
NFT News
On Tuesday, OpenSea announced that it had enabled support for NFTs on layer-1 proof-of-stake blockchain Avalanche. GM🔺! We’re excited to share that @avalancheavax #Avalanche is officially live on OpenSea!! pic.twitter.com/3nDP3zQGAx — OpenSea (@opensea) October 11, 2022 Following the latest addition, the leading NFT trading platform now supports
The U.S. Securities and Exchange Commission (SEC) has launched an investigation into Yuga Labs, the creators of the popular Bored Ape Yacht Club NFT collection, over the sales of its NFTs and the distribution of ApeCoin. Citing sources familiar with the matter, Bloomberg reported that the SEC was looking
After raising hundreds of thousands from NFT collectors, CNN is pulling the plug on its Web3 experiment. Vault by CNN appears to have gone sideways as the cable news network confirmed in a statement on Monday that it was saying “goodbye.” News of our own to share pic.twitter.com/
In the last two weeks, hackers have been airdropping NFTs to Solana users under the guise of a new Phantom wallet security update. However, the NFTs is malware designed to steal their assets. The hackers, who claim to be Phantom team members, use NFTS titled PHANTOMUPDATE.COM or UPDATEPHANTOM.COM.
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DeGods is the latest NFT project to jump on the 0% royalty train. Labeling the move as the best line of action for its business, the leading Solana-based collection made the shocking announcement via Twitter on October 9. Our next experiment. pic.twitter.com/VmoDfXvcyu — DeGods (@DeGodsNFT) October 9, 2022
Dubai-headquartered Commercial Bank International (CBI) has launched a new location in the metaverse, making it the first UAE bank to establish its presence in the metaverse. CBI’s virtual location can be accessed through Portals, cbi.dcl.eth, or coordinates (63, -127) on the Decentraland map. As per announcements, the
The Hong Kong Polytechnic University (PolyU), one of the top public universities in Hong Kong, has become the first university in the city to launch a metaverse-related postgraduate program. The one-year Master of Science in Metaverse Technology program is billed to kick off next September under the computing department. According
Less than a year after joining OpenSea, CFO Brain Roberts is leaving the NFT marketplace. The former Lyft executive has been with OpenSea for just ten months after joining the company in December 2021 as its first finance employee. According to his LinkedIn update posted on Friday, Roberts built the
News
Although the effects of rising interest rates and inflation are being felt in the crypto market amid an ongoing bear market, Ethereum has experienced a significant rise in the number of unique users. According to data from Dune Analytics, the Ethereum network gained over 4.5 million new active users