The phishing scam required interested users to click on a link to generate an animation. But instead of animated apes, the users found the service stole their NFTs, digital assets on a blockchain that represent ownership of virtual or physical items, with the scammers managing to steal over $2.5 million in total. Source
Federal regulators are reportedly investigating the creator of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection for potential violations of federal laws during the sale of digital assets. Citing an unnamed source familiar with the matter, Bloomberg reports that the U.S. Securities and Exchange Commission (SEC) is investigating Yuga Labs to determine if some of its NFTs are comparable to stocks, which would require compliance with disclosure rules. In a statement, the Miami-based company says it will cooperate with any investigation. “It’s well-known that policymakers and regulators have…
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NFT Hub provides a customizable community hub and marketplace to NFT projects, allowing startup collections to more easily build an online space for their holders. “NFT communities can create custom marketplaces and token-gated communities in minutes, all without having any prior experience with blockchain technology,” said Gomu in a statement. Source ClosesCompanyGomuInfrastructureNFTSeed CryptoX Portal
The Currency is the name given to Hirst’s NFT project which examines the value of digital art vs physical art. Britain’s wealthiest living artist, Damien Hirst, has started setting fire to millions of dollars worth of his own artworks as part of his nonfungible token (NFT) project called “The Currency.” During an Oct. 11 livestream of his London gallery at 12:30 pm local time, Hirst burned hundreds of his own The Currency artworks, ensuring that they exist only in the form of an NFT moving forward. The Currency is the…
A source familiar with the matter said the SEC is looking into whether certain NFTs from Yuga Labs could be “more akin to stocks.” Sources say that the U.S. Securities and Exchange Commission (SEC) probe into Yuga Labs is actually part of a wider investigation into the nonfungible token (NFT) market, which already came to light in March. On Oct. 11, a report from Bloomberg citing a source “familiar with the matter” said the SEC is investigating Yuga Labs over whether certain NFTs are “more akin to stocks” and whether…
The nonfungible token venture, originally scheduled with a half-year road map, lasted a little under four months. United States-based multimedia outlet CNN announced in a tweet on Oct. 10 that it would shut down its nonfungible token (NFT) project less than four months after its launch. Dubbed “Vault by CNN: Moments That Changed Us,” the collection included a series of tokenized iconic news moments from CNN’s 41-year history, along with a vault to purchase, store and display the NFTs. In explaining the decision, CNN said Vault was a “6-week experiment”…
“We learned a lot from our first foray into Web3, and we are excited to carry Vault’s concepts around community storytelling into future projects,” said Vault. “While we will no longer be developing or maintaining this community, the Vault NFT collections will live on.” Source
A spokesperson for Ava Labs, the firm behind Avalanche, told CoinDesk the chain’s bridge released in June revealed “surprising” insights about the chain’s amount of DeFi activity, and that “a lot of people will discover the same [surprise] about Avalanche NFTs with OpenSea joining the community.” Source
The much-anticipated major update to Quik.com has now been made available to users, bringing them brand-new capabilities like the edit feature and the Quik API, along with more that are scheduled for the upcoming weeks and months. Quik.com is a P2P NFT domain marketplace offering NFT top-level domains running on the blockchain-based protocols ERC-721, ERC-1155, and BEP-721, BEP-1155. The fundamental specifics regarding the October 2022 upgrade, as well as the ones coming next week and next month, were included in a recent press release published by Quik.com’s official support team.…