Tag: NFT

NFT marketplace OpenSea to disable royalty enforcement tool

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Nonfungible token (NFT) marketplace OpenSea is sunsetting its on-chain royalty enforcement tool — Operator Filter — that allows creators to blacklist NFT marketplaces that don’t enforce royalties. The change is set to take effect on Aug. 31, according to an Aug. 17 statement by OpenSea founder and CEO Devin Finzer. The Operator Filter feature was first introduced in November 2022 and was described as a “simple code snippet” that could restrict NFT sales to only marketplaces that enforced creator fees. Starting Aug 31, we’ll:– Sunset the OpenSea Operator Filter– Move…

Trump reveals crypto and NFT holdings

Freshly uncovered documents revealed that former President Donald Trump is capitalizing on the non-fungible token (NFT) surge, with Ethereum holdings potentially reaching up to $500,000. Unveiled financial data reveals a substantial involvement in cryptocurrencies, intertwined with a thriving NFT venture. Financial disclosures indicate Trump’s Ethereum wallet boasts a substantial balance ranging from $250,000 to $500,000. This venture into the realm of NFTs materialized post-presidency. Notably, Trump enjoyed success with his limited edition $99 trading cards, portraying him in many scenarios — from hunting attire to superhero guise — early on.…

FC Barcelona secures $132M investment for blockchain and NFT venture

Spanish football club FC Barcelona has secured a €120 million ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative Barça Vision. According to the Aug. 11 announcement, FC Barcelona sold a 29.5% stake in Bridgeburg Invest, the holding company for Barça Vision, in exchange for the capital. “Barça Vision is the Club’s initiative to integrate all digital content around Web3 and blockchain including nonfungible tokens (NFTs) and metaverse, which are part of the Club’s strategy to build the digital Espai Barça,” developers wrote.…

NFT Collector – Cointelegraph Magazine

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Grails by PROOF Season IV Collecting art is historically not just about the art itself but who the artist is and the story behind the piece. The emergence of NFTs as a way to attribute provenance to digital objects has seen an explosion of interest in the past few years, even if that’s currently seeing something of a lull. The work of artists like Alotta Money, Josie Bellini, Trevor Jones, Coldie, Snowfro, Beeple, and collections such as Fidenzas and Ringers, show that digital art is here to stay, even as…

Canada to develop repository for storing crypto and NFT seizures

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The Royal Canadian Mounted Police (RCMP) is seeking for a digital asset solution to facilitate the seizure and storage of cryptocurrency and nonfungible tokens (NFTs). A tender was opened for applications on August 10. As the tender announcement goes:  “The development of a centralized repository solution would allow police officers to seize these assets in a user friendly manner, while also offering significant security to prevent the theft of said assets during their storage.” There are seventeen points, demanded by the RCMP from the future repository. Among them are the…

NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum

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Non-fungible token project y00ts is again switching blockchain networks, only four months after bridging the majority of its NFTs from Solana to Polygon. DeLabs, the NFT firm behind y00ts, announced via its X (Twitter) account on Aug. 9 it will soon be migrating to Ethereum in line with its DeGods NFT collection. 1. y00ts will be migrating to Ethereum. — y00ts (@y00tsNFT) August 9, 2023 The NFT collection had mostly migrated from Solana to Polygon in April. The move was first initially announced in December, with the migration starting officially on March 28. By…

Trader nabs 800 ETH by baiting a bot, NFT thefts slow and more

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NFT trader’s $1.5M bot chess move YouTuber and nonfungible token (NFT) trader Hanwe Chang said he scored 800 Ether (ETH), around $1.5 million, by tricking a rival trader’s bot into buying his own inflated NFTs. In an Aug. 5 X (Twitter) post, Chang said he noticed a bot was copying his bids on the NFT marketplace Blur and decided to trick them. An NFT-focused account A Raving Ape speculated that from a separate, anonymous wallet Chang purchased multiple Azuki NFTs sharing the same background color. Context on how @HanweChang executed a…

FBI warns of fraudsters posing as NFT developers to steal crypto

The Federal Bureau of Investigation (FBI) recently issued a warning to potential NFT buyers to beware of bogus websites that use “drainer smart contracts” to steal from crypto wallets. The advisory informs the public about a new crypto scam where the culprits masquerade as legitimate developers to target crypto users looking to buy non-fungible tokens (NFTs). The scammers either hack social media accounts belonging to real NFT projects or create near-identical profiles capable of misleading casual observers, the FBI says. They then use these accounts to promote fake NFT releases. The…

NFT Trading Is Down But Developer Sentiment is High

What: CryptoPunks, one of the earliest NFT projects on Ethereum and also one of the most popular collections of all time, experienced a number of high-profile trades this week, including one from prolific NFT artist Beeple. His first profile-picture (PFP) NFT purchase, the clownish Punk #4953 set the stage for other high-value buys, including Punks #6634, which sold for 235 ETH (about $432,000) and Punk #3307, which sold for 500 ETH (about $915,000). Source