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“# OpenSea disables features temporarily as contract migration completes ” The week-long period that OpenSea gave users to migrate their nonfungible token (NFT) listings ends today. Following the deadline, the platform announced that some features on the site may not be available temporarily due to the migration. On Feb. 19, OpenSea pushed a new smart…
“# Record label CEO explains how music NFTs are set to revolutionize the industry ” Music-based nonfungible tokens are an emerging frontier in the crypto and NFT space, but the first questions that come to mind are: What are they? And what are their utility? Music NFTs are relatively new to the scene and cannot…
“# OpenSea planned upgrade stalls as phishing attack targets NFT migration ” Just yesterday, OpenSea announced a smart contract upgrade, which requires users to migrate their listed NFTs from Ethereum (ETH) blockchain to a new smart contract. As a direct result of the upgrade, users that don’t migrate over from Ethereum risk losing their old,…
“# OpenSea smart contract upgrade to delist inactive NFTs on Ethereum ” OpenSea, one of the most popular nonfungible token (NFT) marketplace, has rolled out an upgrade to its smart contract, a proactive measure to weed out inactive listings on the platform. As a part of the planned upgrade, all OpenSea users will need to…
“# ‘The industry will need to have dynamic NFTs,’ says Vivid Labs CEO Halsey Minor ” Cointelegraph spoke about the nonfungible token, or NFT, market with Halsey Minor, CEO of NFT publishing platform provider Vivid Labs (VID), which is the parent company of the Live Planet production company founded by actors Ben Affleck and Matt…
“# LooksRare team cashes out $30M in WETH, faces community backlash ” LooksRare, a nonfungible token (NFT) marketplace touted to be the OpenSea killer, became the talk of the NFT world after the team behind the project cashed out millions in Ether (ETH). The NFT marketplace confirmed that the core team has cashed out 10,500…
“# Counterfeit NFTs result in marketplace shutdown: Experts weigh in ” “Rampant” issues relating to minting counterfeit nonfungible tokens, or NFTs, have forced popular platform Cent to halt some operations. Founded in 2017, Cent kicked off as a “social network and informal platform for creative experimentation.” In 2020, the team also launched an NFT platform…
“# The Metaverse calls: NFTs construct virtual economies to stay relevant in 2022 ” As NFT projects prepare to embark into the Metaverse, it seems they are pivoting from their static imagery to integrating mechanics that provide utility. Notably, Bored Ape Yacht Club has amassed over $1 billion in total volume and announced a mobile…
“# Nifty News: Olympic Games Beijing 2022 edition ” Today’s Nifty News rounds up nonfungible token (NFT) projects centered around the Winter Olympics, which began Friday in Beijing, China. The following are initiatives taken by the International Olympic Committee, or IOC, The British Olympic Association, and an independent artist leading up the 2022 games. IOC celebrates…
“# Nifty News: The Lennon Collection, Gucci and Lamborghini NFTs, Atari’s 50th anniversary ” Let’s start off the week with the latest nonfungible token (NFT)-related news in today’s Nifty News. The following collections are either ongoing or launching the first week of February. The Beatles memorabilia up for auction Julian Lennon, the son of The…