Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account

targeted-phishing-scam-nets-$438k-in-crypto-and-nfts-from-hacked-beeple-account

Links posted to a fake Louis Vuitton non-fungible token (NFT) raffle were made to capitalize on a recent real collaboration between Beeple and the luxury fashion brand. Digital artist and popular non-fungible token (NFT) creator Mike Winkelmann, more commonly known as Beeple, had his Twitter account hacked on Sunday, May 22 as part of a … Read more

Why is Ethereum used for NFTs?

why-is-ethereum-used-for-nfts?

Read this guide to understand the relationship between Ethereum and NFTs, and explore why Ethereum is used for NFTs. Which blockchain is best for NFTs? When choosing any blockchain for minting NFTs, such as Ethereum for NFT development, ensure the robustness of its smart contracts, check the blockchain’s fee structure, security measures and transaction speed, … Read more

OpenSea launches ‘Seaport’ ​​marketplace protocol allowing NFT bartering

opensea-launches-‘seaport’-​​marketplace-protocol-allowing-nft-bartering

“OpenSea does not control or operate the Seaport protocol — we will be just one, among many, building on top of this shared protocol,” said the platform. Nonfungible token marketplace OpenSea has announced the launch of a Web3 marketplace protocol for “safely and efficiently buying and selling NFTs.” In a Friday blog post, OpenSea said … Read more

How NFTs are making real estate investments more attainable

how-nfts-are-making-real-estate-investments-more-attainable

Although real estate is often considered a safer investment over stocks, it isn’t for everyone, a reality leading many to look to the digital realm as an alternative. Analysts continue to view real estate as a secure and lucrative investment based on its history of higher returns, especially when compared to traditional stocks.  In many … Read more

NFT visionaries are doubling down on community ethos amid a bearish cycle

nft-visionaries-are-doubling-down-on-community-ethos-amid-a-bearish-cycle

Time Magazine, Rarible and Aleksandra Artamonovskaja share insights into the values and visions that leading NFT projects and figureheads seek to uphold as the market enters a financial downturn. The fever-pitch euphoria of nonfungible tokens (NFT) reached its proverbial all-time highs in the hours preceding the calamitous gas wars of the Otherside metaverse land sale.  … Read more

UK Court recognizes NFTs as ‘private property’ — What now?

uk-court-recognizes-nfts-as-‘private-property’-—-what-now?

Not all the experts are rushing to call the development “groundbreaking,” but it will certainly help the industry combat fraud. At the beginning of May, the British Web3 community celebrated an important legal precedent — the High Court of Justice in London, the closest analog to the United States Supreme Court, has ruled that nonfungible … Read more

NFT Prices Take A Beating After Crypto Market Chaos

nft-prices-take-a-beating-after-crypto-market-chaos

Crypto has been on a downward slope the past couple of weeks – and NFT is going the same direction with the decline in dollar value. TerraUSD and LUNA both dipped in value registering a tremendous loss of 99%. With UST (pegged with US dollar) now trading at $0.13, LUNA has managed to move to … Read more