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“# NFT philanthropy demonstrates new ways of giving back ” NFTs, or nonfungible tokens, have created a wealth of opportunities over the last year. Data from market tracker DappRadar found that NFT sales reached $25 billion in 2021. Artwork NFTs in particular have seen impressive growth. Financial services firm FinancePR recently determined that 257 artists…
“# Clever NFT traders exploit crypto’s unregulated landscape by wash trading on LooksRare ” LooksRare made its debut on Jan.10 and the recently launched NFT marketplace has drawn a lot of attention, not only because its daily trade volumes were more than double Opensea’s on the second day of trading, but also because it has…
“# The Metaverse will change the live music experience, but will it be decentralized? ” As the two-year anniversary of the global COVID-19 pandemic begins to hurtle toward us, we are no closer to knowing when our social lives will return to normal or what will the new normal be. The effect this has had…
“# CertiK’s identification of Crypto Cars as ‘rug pull’ was a false alarm ” In a period of market downturns, rumors of crypto bans and decentralized finance, or DeFi scams, blockchain enthusiasts can be sensitive to the smallest abnormalities within projects they follow and sometimes erroneously fear for the worse. The day prior, CertiK, a…
“# Ubisoft executive responds to the backlash over new NFT platform ” Nicolas Pouard, VP at Ubisoft’s Strategic Innovations Lab, commented on the negative gamer feedback that Ubisoft received after introducing Quartz and Digits, in an interview with Finder. “It’s a reaction we are accustomed to. I think it’s great because it shows how engaged our players are…
“# OpenSea email over inactive NFT listings sparks Twitter debate ” Twitter users reacted negatively to an OpenSea email sent to users who still had inactive listings on their accounts. In the email, OpenSea explained that old NFTs listings are still fulfillable, and should be canceled by the user because OpenSea is unable to cancel…
“# OpenSea reverses limits on minting after community backlash ” NFT marketplace OpenSea has backflipped on a controversial decision to limit the number of NFTs and collections creators can mint using its smart contract. The platform previously allowed unlimited collections and items, but changed its policy to only allow five NFT collections with 50 items…
“# Vitalik Buterin suggests making NFTs ‘soulbound’ like World of Warcraft items ” In a blog post published Wednesday, Vitalik Buterin, co-founder of Ethereum (ETH), expressed his wishes to make nonfungible tokens, or NFTs, soulbound as with the namesake item class in popular MMORPG World of Warcraft, or WoW. In outlining his reasons, Buterin explained…
“# 3 interesting NFTs launching this week: Cool Pets, Ethaliens and KaraFuru ” With crypto prices down badly, NFTs appear to be on a discount which is making it hard for many collectors to resist a good sale. Notable projects like World of Women have recorded their largest sale at 260 Ether ($627,755 at current…
“# This proof of concept NFT can swipe unsuspecting users’ IP addresses ” Both OpenSea and Metamask have logged cases of IP address leaks associated with transferring nonfungible tokens (NFTs), according to researchers at Convex Labs and OMNIA protocol. Nick Bax, head of research at NFT organization Convex Labs tested out how NFT marketplaces like…