The exhibition, titled “The Next 100 Years of Gucci,” is a series of collectible art pieces that consider Gucci’s heritage and future. “The vault is Gucci’s digital space,” SuperRare co-founder and chief product officer, Jonathan Perkins, said. “And they’re going to be working with artists and selling art through their space, which will be powered by SuperRare technology.” Source
The explosiveness and high dollar value of nonfungible tokens (NFTs) seem to either distract investors from upping their operational security to avoid exploits, or hackers are simply following the money and using very complex strategies to exploit collectors’ wallets. At least, this was the case for me way back when after I fell for a classic message sent to me over Discord that caused me to slowly but all too quickly lose my most valuable assets. Most of the scams on Discord occur in a very similar fashion where a…
This week’s newsletter highlights Yahoo’s plans to get involved in nonfungible tokens (NFTs) and metaverse-based projects. Also, watch manufacturer TAG Heuer is dipping its toes into NFTs, and digital collectible platforms in China have increased in number despite warnings from the government. On a positive note, a CryptoPunk that was donated to Aid For Ukraine sold for more than $100,000. And don’t forget about this week’s Nifty News roundup featuring the new brand lead for CryptoPunks and a phishing attack on a Solana-based project. Yahoo is launching metaverse events for Hong…
The pastel-colored hype train continued throughout the night, with Holguin later announcing the project had raised a funding round led by Alexis Ohanian’s VC firm, along with “Doodles 2,” a more accessible version of the collection that will be built on a non-Ethereum chain. Source
Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions on NFT Trading Wechat, the instant messaging, social media, and mobile payment app developed by the Chinese tech giant Tencent, is introducing a policy update that will prohibit the provision of certain services related to non-fungible tokens (NFTs) and cryptocurrencies on its platform. Quoted by the South China Morning…
The company’s NFT marketplace, Ledger Market, prioritizes security and transparency. According to Ledger CEO Pascal Gauthier, clear-signing, a process that helps NFT traders avoid scams, is something that has been lost “in the wave of Web3 innovation,” as proper security is “one of the industry’s biggest problems.” Source
E-commerce giant eBay has acquired British-based NFT marketplace KnownOrigin for an undisclosed fee. Source
The government of Ukraine has sold a Cryptopunk NFT donated in support of the war-torn country a few months ago. The token has been purchased by an unidentified buyer who spent more than $100,000 in ethereum for the collectible, the country’s digital transformation ministry said. Ukraine Government Sells Donated Cryptopunk Token for 90 ETH Ukrainian authorities have raised over $100,000 from the sale of a Cryptopunk non-fungible token (NFT), Minister of Digital Transformation Mykhailo Fedorov and his deputy, Alexander Bornyakov, announced on social media. The unique collectible was acquired by…
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Decentralized exchange Uniswap announced the acquisition of the NFT marketplace aggregator Genie on June 21st. Uniswap said this move is part of its mission to unlock universal ownership and exchange on its platform. Uniswap is now integrating NFTs into its product line beginning with the Uniswap web app and later integrations are said to include developer APIs and widgets. This isn’t the first time Uniswap has worked with NFTs. In the spring of 2019 it launched Unisocks which offered NFT liquidity pools backed by real-world assets. Uniswap said in the…