Over the weekend, popular NFT platform Premint became the latest victim of a security breach, leading to the loss of over 300 NFTs, including collectibles from Bored Ape Yacht Club, Otherside, and Goblintown. According to available information, the attacker was able to swindle unsuspecting users after adding a malicious JS
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With a whopping sum of $8 billion lent out, $12 billion in assets under management, and over 1.7 million users, Celsius, one of the leaders of the nascent crypto lending market, in an announcement dated June 13, 2022, paused all forms of withdrawals, transfers, and swaps on the platform.
While many crypto traders and NFT holders are cutting their losses and converting their assets into stablecoins and fiat, some big spenders appear not to move by the current crypto winter. Over the past week, two investors splashed a whopping $2.5 million on a bottle of champagne. Coming from
South Korean automaker Hyundai Motor has launched an NFT membership program for its new electric vehicle (EV) IONIQ 6. The “IONIQ Citizenship” NFT membership promises exclusive access to “digital spaces, special digital content, and physical items” tied to IONIQ 6. According to a Monday press release from the company, owners
Press Releases
On the surface, there is little evidence to link the worlds of blockchain and cannabis. The former is a distributed ledger that records transactions of all kinds, typically those related to cryptocurrency. The latter is a plant-based drug used for medicinal and recreational purposes. And yet, these seemingly unconnected planets
In a rather interesting legal precedent to serving lawsuits, a UK court has ruled that individuals and entities can now be served a legal proceeding via NFTs, meaning you can sue someone through the blockchain. Last month, a UK court granted Giambrone & Partners the permission to serve legal documents
The general NFT market may be experiencing some downtime, but this has not stopped collectors from accumulating highly-priced digital collectibles. In what has been described as the fifth largest CryptoPunk sale since the collection made its debut in 2017, a pseudonym collector has splashed 2,500 ETH on a rare
Metaverse
Earlier this week, SM Entertainment (SM) announced the launch of a new metaverse subsidiary. The entertainment powerhouse is establishing Studio Kwangya, a company that will focus on producing metaverse content and other works related to VR and VFX production. SM’s new metaverse arm has already teamed up with the
According to a Wednesday announcement, the National Football League (NFL) is looking to expand its NFT ticket stub initiative to as many as 100 live games in the 2022 season. In an experimental rollout last season, the NFT issued commemorative NFTs to attendees of select live games. Similar to last
On Tuesday, Animoca Brands announced the completion of a $75 million fundraising round at a valuation of $5.9 billion. The latest capital injection is a follow-up on January’s funding round, which secured nearly $360 million and valued the Hong Kong metaverse startup at $5.5 billion. The second
Electronic giant Samsung has announced the launch of Space Tycoon, a virtual experience built on the global metaverse platform Roblox. Space Tycoon was built to entertain Gen Z users. It hosts a virtual space where users can create and play games while sharing experiences via Samsung products. The metaverse experience
With several brands jumping on the NFT trend, Blockbar has introduced a creative way to auction its products as digital collectibles. The company is auctioning the world’s rarest 1970 Japanese whisky as an NFT in the first direct-to-consumer (DTC) NFT marketplace for luxury wines and spirits. According to information
Leading Solana NFT marketplace Magic Eden is expanding its presence in the Web3 space. The company has unveiled Magic Venture, a new investment arm that will focus primarily on Web3 gaming. The new venture arm comes weeks after Magic Eden raised $130 million in a Series B round that valued
Opinions
Many DeFi protocols have recently been hacked, most notably the Axie Ronin bridge worth over $600 million, and other bridges dispersed across various chains. Investor confidence in the DeFi market has declined due to this situation, which has been made worse by the severity of the bear market. Massive sell-offs
American video game retailer GameStop has launched the public beta version of its long-awaited non-fungible token (NFT) marketplace, allowing gamers, creators, and collectors to buy, sell, and trade NFTs. According to a press release published on July 11, the marketplace will be a non-custodial system built on the Ethereum layer
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So far, 2022 has not been the best year for the $2 trillion crypto economy, yet great fortunes are being amassed behind the scenes. Given this industry’s obscurity and volatility, we are presenting our first-ever list of the top 100 richest people in cryptocurrency in net-worth estimates. We based