Nft news

Professionals in the Web3 space discussed about different tools and best practices to keep hackers and scammers away from NFTs. As nonfungible tokens (NFTs) attract a growing number of users, they also attract the attention of scammers. Bad actors on Web3 have focused their sights on digital collectibles, leading to the loss of millions of dollars through various schemes and attacks. Avoid becoming an NFT theft victim According to Web3 professionals, there are a variety of methods and instruments available to avoid being a victim of NFT theft. In addition, customers who have lost their digital valuables due to hacking can take a variety of steps. Ronghui Gu, the co-founder and CEO of blockchain security firm CertiK said that: “Avoid clicking on suspicious links and be very careful when signing token approvals.” The executive went a step further and talked about other best practices, such as checking permissions regularly and removing those that aren’t needed and putting NFTs in

Concordium blockchain has teamed up with licensed virtual currency provider Wert to make trading easier and give NFT marketplaces in the Concordium ecosystem more value. Wert is a payment solution for both non-custodial NFT marketplaces and DeFi apps that want a customer-friendly way to check out. The company is based in Tallinn, Estonia. It lets clients pay with debit and credit cards and interact with smart contracts. This is a great chance for web2 businesses that want to move easily into the web3 world. Wert makes it easy to buy cryptocurrencies, NFTs, and other DeFi products in a way that is completely customizable. It does this by offering a top-up module that can be added to any web or mobile app, as well as APIs that set up a custom purchase flow for each user. This will happen in the middle or end of the first quarter of 2023 through an easy-to-use interface that doesn’t require deposits or fees. Users will be able to spend on the Wert platform and immediately have those

The Dungeons & Dragons campaign against Web3 seems to be over now that the proposed license changes have been dropped. Wizards of the Coast, the publisher of Dungeons & Dragons (D&D), capitulated to fans and content creators on Friday, declaring that it will not move forward with proposed changes to a gaming license that would have limited derivative NFT projects. The Hasbro-owned firm drew significant ire from the tabletop gaming community earlier this month when it tried to modify a legal framework that has allowed anyone to produce D&D-compatible content for over two decades. This featured live play shows and podcasts inspired by Dungeons & Dragons, as well as graphic novels and other media. This month, Wizards of the Coast reversed certain changes to its Open Game License (OGL), including the requirement that content creators pay royalties. A revised proposal, however, made it clear that D&D content, such as game mechanics, could not be used in conjunc

Attorneys from Wilson Elser explore the ramifications of an NFT case between Bored Apes, a significant NFT collection, and Ryder Ripps, a BAYC holder. According to them, this case and others are influencing the results of future NFT challenges in the rapidly expanding digital world. Yuga Labs, the parent business of the Bored Ape Yacht Club non-fungible token collection, filed a federal lawsuit against artist Ryder Ripps, one of the BAYC NFT project’s most prominent critics, in June 2022. Ripps built his RR/BAYC NFT project in May 2022 using online digital images from the BAYC NFT collection by creating new NFTs with URLs contained in Bored Ape Yacht Club smart contracts. Yuga says that Ripps and co-founder Jeremy Cahen utilized some of the same digital art pictures as the BAYC collection and relied on Yuga’s trademarks for advertising as part of a plot to mislead consumers, annoy Yuga, and profit themselves. Yuga’s complaint against RR/BAYC founders included claims of false desig

Tomorrow, NFT lead artist Trevor Jones , who is based in Scotland, will release the next move of his innovative programmable art project. his innovative programmable art project: https://ift.tt/L1293GI Already a leader in the art world in terms of NFTs, he painted Ethereum Boy, a parody of Pablo Picasso’s Paul. As a tribute to Picasso’s creative genius, the picture depicts a Harlequin-clad woman. Trevor’s collaboration with Alotta Money  Trevor collaborated with crypto artist Alotta Money and digital artist, producer, and DJ Don Diablo to create the ETHEREAL Collection, which established a new benchmark for a programmable Async Art project. This was the first drop in a ten-part series, and the intention was for the painting to change daily based on factors such as the price of Ethereum, gas fees, and Vitalik Buterin’s birthday, who created the Ethereum network and whose baby face appears in the painting. Utilizing the programmable accessories layer, the experiment tracks Vitalik

The cryptocurrency community is split on whether the recent launch of a nonfungible token (NFT) protocol on the Bitcoin mainnet will benefit the Bitcoin ecosystem. The protocol, named “Ordinals,” was created by software engineer Casey Rodarmor, who announced it on the Bitcoin mainnet via a blog post on January 21. What does Ordinals do? The protocol allows for the Bitcoin equivalent of non-fungible tokens, which are referred to as “digital artifacts” on the Bitcoin network. These “digital artifacts” could be JPEG images, PDFs, or audio or video files. However, the protocol’s introduction has divided the Bitcoin community, with some claiming that it expands Bitcoin’s financial applications and others claiming that it departs from Satoshi Nakamoto’s vision of Bitcoin as a peer-to-peer cash system. Dan Held, a Bitcoin bull, was among those who supported the development, noting that it would increase demand for block space — and thus fees — as well as expand Bitcoin’s use cases.

Digital artist Mason Rothschild was sued by luxury brand Hermès for publishing his Metabirkins NFT collection without authorization, which featured the company’s Birkin bag product. On Jan. 30, a federal court in Manhattan will hold the trademark infringement trial between digital artist Mason Rothschild and French luxury brand Hermès. The nonfungible token (NFT) artist was accused of violating trademark laws by selling and promoting MetaBirkins, an NFT line allegedly modeled after the group’s Birkin bags. The trial and associated lawsuit were initially filed on January 14, 2022, in the United States District Court for the Southern District of New York by Hermès against Mason Rothschild after the artist allegedly refused to stop selling his NFT collection. Hermès contends in court documents submitted on January 23 that the collection improperly used the Birkin trademark and possibly misled consumers into thinking the upscale brand supports the endeavor. The court documents also

Wylie Aronow, one of the co-founders of Yuga Labs, has just declared that he will be taking a medical leave of absence from the company. Aronow stated in a tweet that he was recently diagnosed with congestive heart failure. “Symptoms started last year out of the blue and I put off seeking help (like an idiot) so I could keep working. But after testing, my doctor called and asked me to radically change my life,” he wrote. Aronow announced that he would be leaving his position at Yuga in order to focus on his health. Some heavy news: a few days ago I was told by my doctor I have congestive heart failure. Symptoms started last year out of the blue and I put off seeking help (like an idiot) so I could keep working. But after testing, my doctor called and asked me to radically change my life. — GordonGoner.eth (Wylie Aronow) (@GordonGoner) January 28, 2023 The post Founder of Yuga Labs is taking a leave of absence for health reasons appeared first on NFT News Pro . from NFT N

Yuga Labs is the company behind the popular NFT collections Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club, and Otherside metaverse. Dookey Dash is their first Web3 game. People who had Bored Apes and Mutant Apes could make free “sewer passes,” which are non-game items that are needed to play the game. There were a total of 23,390 passes, which were split into four tiers. Higher tiers gave players access to exclusive content and in-game bonuses. The passes for the top tier were sent to wallets with both Bored Ape and Kennel NFTs. The passes for the bottom tier were sent to wallets with Mutant Ape NFTs. Dookey Dash came out on January 19, and you can only play it for three weeks, until February 8. Like the popular mobile game Temple Run, the goal of the game is to avoid obstacles and collect unique items. The more points a player gets, the more items they can collect and the longer they can stay alive in the sewer system. The goal of the game is to get the high

Open edition (OE) is now officially available. Millions of artists and Web3 developers built claim pages for open-edition mints in 2022. As it shakes off the icicles of 2022, the NFT community has flocked to them, generating millions in revenue and reviving the crypto art space. OEs boost participation in the NFT ecosystem, increasing the opportunities for fans to purchase an artist’s work and expanding their community. Open NFT drops have no supply cap Depending on who you ask, this sounds like good news. Open editions, especially 1-of-1s, diminish the value of an artist’s work and are feared by some collectors while being praised by others. Workplace outcomes in the long run are unknown. To comprehend these worries and the reasons behind the open editions’ startling rise, we analyzed the data and spoke with artists and collectors who are most familiar with the OE trend. First, comprehend the background to this upswing. How did open editions grow in popularity? Open editions ar

NFTs were initially used as PFPs (profile pictures), but since their rise to fame in 2021, people have found other uses for them. Regardless of what an NFT is made to do, the primary goal of the creators is to make money. In an NFT market saturated with several projects and collections, reaching the right customers doesn’t come easy.  As seen in traditional companies, there are NFT marketing agencies that help creators market their NFTs. In return, they save the creators stress, time, and money that would have been wasted marketing the NFTs. If you are a creator or NFT company wondering what the best NFT marketing agencies are or where to find the best marketing agencies, then read this article. First, let’s break it down.  What are NFT marketing agencies? NFTs or non-fungible tokens are digital assets stored and recorded permanently on the blockchain. They are unique and cannot be replaced by another item or asset. NFTs can be a song, a video, or even a tweet. The critical elemen

Animoca Brands’ game studio Darewise Entertainment is looking for a head of degen relationships. This week, the firm posted an ad for people to join the team working on its play-and-earn sci-fi civilization-building game, Life Beyond. The job ad says that the head of degen relationships should promote the game in the crypto space by connecting with key opinion leaders, communities, and events. A degen is a slang word for “degenerate.” According to CoinGecko, a degen is someone who buys an asset not because they think it has value but because they think others will buy it after them and speculate on the price swings. Web3 community development The move fits in with the growing trend of building communities and promoting projects in the web3 space, which has led to the creation of new roles in community engagement and influencer marketing. During the market downturn last year, some NFT projects, like Fractional, a startup that specializes in buying and selling fractionalized NFTs

Protecting its users from malicious attacks is a top priority, according to the developers of the popular Solana wallet. After the most recent high-profile NFT hack, which this time took down tech entrepreneur Kevin Rose, the security benefits of self-custody wallets were again making the rounds on Crypto Twitter. The creator of Proof and the Moonbirds NFT project was phished on Wednesday. The scammer sent Rose a message that utilised permissions he had already given to his MetaMask wallet on the OpenSea marketplace. When that message was signed, the thief used his privileges to thieve more than 40 NFTs from his wallet, such as an Autoglyphs NFT that was worth nearly $500,000! In response to Rose’s tweet, the popular Solana-based crypto Phantom notified its users of a malicious website and blocked the site that had snared Rose. The developer of the wallet responded, “we got your back.” We got your back https://t.co/8ZGPj4o2r6 — Phantom (@phantom) January 25, 2023 “We’ve a

German luxury car manufacturer Porsche’s nonfungible token collection reached 2,839 Ether tickers down $1,606 ($4.5 million) in total sales volume, according to data from NFTScan at the time of writing on Jan. 26. The collection had a floor price of 2.74 ETH and a high price of 9.18 ETH, with over 1,705 total sales. Originally meant to have a total supply of 7,500 NFTs, Porsche abruptly halted the minting process on Jan. 25 after some users complained of high minting prices and lack of utility for NFT holders. The supply has since been reduced to 2,363. The NFTs originally had a minting price of 0.911 ETH — referencing the namesake “911” NFT collection — but many users complained that they wanted the price reduced to 0.0911 ETH instead. Tweets by eth_porsche After community feedback, Porsche announced that it would expand holder benefits to behind-the-scenes access to the world of Porsche, co-creation of ”Porsche’s future of Web3 ,” an exclusive physical capsule collection begin

Nike revealed on Wednesday that its new.SWOOSH platform, which uses non-fungible tokens (NFT), will let users create custom digital wearables. The #YourForce1 competition, which asks Instagram users to create a visual storyboard showcasing their footwear design, is open to SWOOSH community members. If chosen, the four winners will receive $5,000 each and the opportunity to work closely with Nike designers to produce their own unique digital sneakers. Nike added that the four patterns might be used in its upcoming debut of a signature line. The competition started today and runs through January 29. The Nike website contains the full brief and instructions. What is Nike’s goal? “At .SWOOSH, we’d like to expand the definition of what a creator can be. That’s why this .SWOOSH Studio contest prioritizes creative storytelling over creative skills,” Nike stated in a press release.  Nike has developed its Web3 strategy over a period of time. By purchasing digital fashion house RTFKT ,

The trade volume of Porsche NFTs has increased by 180% in the past 24 hours, as shown by data from Coingecko. After receiving criticism from the cryptocurrency community over the high mint price and supply of its non-fungible tokens, the luxury automaker decided on January 25 to stop issuing any more NFTs. Porche floor price surges The base price of the set has more than doubled in the past day on secondary markets like OpenSea. OpenSea data shows that the NFTs peaked at 3.33 ETH during that period, before declining to their current level of 2.465 ETH. Coingecko reports that the collection’s market cap increased 247% to $9.4 million on sales of 1,686 ETH ($2.7 million). Porsche has been offering new information to its customers. In a January 25 Twitter thread, Porsche elaborated on its web3 ethos. Porsche, a maker of high-end sports cars, promised that NFT holders would get VIP treatment at the company’s design studio, engineering headquarters, and other exclusive events. Furt

Art Blocks and Bright Moments have collaborated to connect the real and digital worlds with a series of NFT releases based on their popular minting experiences. In particular, the partnership will choose artists and give them access to Art Blocks’ minting technology and Bright Moments’ IRL minting experience in physical galleries. What is the Art Blocks latest partnership? Art Blocks and Bright Moments are starting to work together exclusively in an effort to make the NFT art community stronger. In addition to Bright Moment’s well-known minting experiences, they are starting a series of NFT releases on Art Blocks. Through the partnership, artists can use the Art Blocks minting technology and the Bright Moments minting experience at real shows. Each project made as part of the partnership will be shown at the same time on Art Blocks and will have a unique part that will be made in person at Bright Moments events around the world. In one of the first NFT gallery projects, artists an

The price of ETH hasn’t been able to break above a key trendline resistance for a long time, and now Ethereum risks losing a lot of technical support as well. Ether’s (ETH) rebound compared to Bitcoin’s (BTC) $22,743 drop shows signs of fatigue and risks breaking through a key technical support level. In the second half of January, ETH is worth less than BTC. On January 24, the ETH/BTC pair fell about 9.25% from its local high of 0.0779 BTC on January 11. Since the beginning of the year, Bitcoin has grown 38 percent while Ether has grown 35 percent. As shown below, Ether’s price has dropped to the bottom of its EMA ribbon range, which is an interesting thing to note. The EMA ribbon indicator shows several exponential moving averages of increasing timeframe all on the same price chart. If an asset falls below the ribbon range, it’s more likely that it will keep falling. The price of Ether is capped by a key trendline that shows prices going down. This week, ETH/BTC fell to