Autor Cointelegraph By Ornella Hernandez

Nifty News: The Lennon Collection, Gucci and Lamborghini NFTs, Atari's 50th anniversary

Nifty News: The Lennon Collection, Gucci and Lamborghini NFTs, Atari's 50th anniversary

Uverejnil používateľ | feb 1, 2022 |

Let’s start off the week with the latest nonfungible token (NFT)-related news in today’s Nifty News. The following collections are either ongoing or launching the first week of February.The Beatles memorabilia up for auctionJulian Lennon, the son of The Beatles’ musician John Lennon’s, put up NFTs for auction of items from his personal collection of memorabilia on the YellowHeart marketplace, including the coat John Lennon wore in the Magical Mystery Tour film and three Gibson guitars. Lennon, however, has no intention of selling the physical items because he “would like to be able to pass these items on for generations to come,” he said in an interview with Yahoo Finance. Each NFT contains an audio component, narrated by the son, recounting his connection with the item.The item of the “Lennon Connection” auction with the highest offer at the moment is Paul McCartney’s hand-written notes for the song “Hey Jude.” McCartney originally wrote the song to comfort a 5-year-old Julian when his parents divorced, according to the auction site. “Hey Jude” Notes 1:1 for Lennon Connection : The NFT Collectionhttps://t.co/6l5nzO1CHJ pic.twitter.com/9RSXpyKwId— Julian Lennon (@JulianLennon) January 25, 2022Gucci becomes superFashion house Gucci and SUPERPLASTIC, the creator of animated celebrities and digital vinyl toys, have partnered up for a three-part NFT collaboration dubbed SUPERGUCCI. All SUPERGUCCI purchases will be in ETH.The first SUPERGUCCI drop will include ten exclusive NFTs and accompanying ceramic sculptures. The main character of the collection is called CryptoJanky, inspired by SUPERPLASTIC’s artists Janky & Guggimon. Both the CryptoJanky NFT and the handmade sculpture were co-designed and built in Italy.[embedded content]Additionally, Gucci’s Creative Director Alessandro Michele created an online concept store, the Gucci Vault. Prospective customers can browse the microsite for pre-owned vintage Gucci pieces hand-picked by Michele, and restored and reconditioned for sale.Lamborghini goes to spaceThe Italian car maker announced its first NFT project called “Space Time Memory:” a series of five photographs of a Lamborghini Ultimae going into space.Swiss artist Fabian Oefner created the images from real physical car parts and photographs taken from a weather balloon. According to the company, the NFTs are accessible via a QR code engraved in five units of a physical “Space Key,” whose carbon fiber elements were sent to the International Space Station as a part of a joint research project with Lamborghini.An Aventador LP 780-4 Ultimae rises above the Earth as a symbol of human space exploration: it’s called Space Time Memory, and it’s our first NFT set ever. The digital artworks, created by Fabian Oefner in collaboration with NFT PRO, will be soon auctioned.​#Lamborghini pic.twitter.com/NPomZsKdE8— Lamborghini (@Lamborghini) January 27, 2022

Atari celebrates 50 years with NFT GFTsAtari decided to commemorate its 50th anniversary of video game making by creating NFTs and gifting them to fans. Giftable NFTs, or GFTs, are surprise limited edition NFTs that will automatically unwrap on a specific date. According to the company, this collection honors the Atari 2600 console and games such as Combat, Swordquest, Asteroids, Centipede, and more.Atari partnered with Republic Realm, a metaverse real estate investment fun, to develop the GFTs, which can be compared to loot boxes, a video game feature that represents virtual treasure chests containing in-game items.Sign-up for the limited-edition Atari 50th Anniversary NFT Collection drop at https://t.co/0JS1xiL5DnSecure your spot and get a 10% discount #GFTshoppe #nft #atari pic.twitter.com/iZQ8NkRK5Z— Atari (@atari) January 27, 2022

Other Nifty NewsLooksRare, OpenSea’s up-and-coming rival, has sparked some concerns over the increased wash trading activity on the NFT marketplace. Despite the speculation, LooksRare was the chosen platform for the highest recorded sale of a Bored Ape Yacht Club, or BAYC, NFT in terms of ETH paid, and not dollar value due to the current price of ETH. On Sunday night, Bored Ape #283 sold for 1080.69 ETH, or $2.85 million on LooksRare. BAYC recently welcomed Justin Bieber to the club with his 500 ETH, or $1.29 million purchase of Bored Ape #3001.OpenSea, however, also faced heavy user critique last week after setting a minting limit of five NFT collections with 50 items per collection, when previously it was unlimited. Additionally, when the platform called on its users to cancel any inactive listings, many ended up losing their NFTs and their money due to confusing email instructions. 

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Trezor removes controversial address verification protocol, other wallets follow suit

Trezor removes controversial address verification protocol, other wallets follow suit

Uverejnil používateľ | jan 28, 2022 |

Since 2019, Swiss financial crypto intermediaries have required proof of ownership of an external wallet’s address for Bitcoin withdrawals and deposits to their customers’ non-custodial wallets. One automated mechanism used for this is the Address Ownership Proof Protocol, or AOPP.  The Trezor hardware wallet introduced AOPP signing as part of its latest January update last week, allowing users to generate signatures that conform to the AOPP standard used in certain jurisdictions. On Jan. 28, Trezor announced that it will remove this protocol in the next Trezor Suite update “after careful consideration of recent feedback.”Recent feedback refers to Reddit and Twitter users who were concerned that the use of AOPP signaled Trezor’s support for greater regulation and a disregard for a potential loss of privacy.We will remove AOPP in our next Trezor Suite update in February.More on our decision: https://t.co/hMDenbdjcg— Trezor (@Trezor) January 28, 2022 In a blog post explaining the removal, Trezor admitted it “underestimated how this feature would be received,” but that the company “welcomes public scrutiny.” The fact that it listened to its users and reacted so quickly demonstrates the power of social media sentiment.The hardware wallet maker claimed it is against the regulations that concern AOPP, namely the data leak risks associated with using a stringent identification process like Know Your Customer, or KYC, to buy Bitcoin. The company clarified its intent:”Our sole aim was to make withdrawal to self-custody easier for users in countries with strict regulation, but we acknowledge that more harm than good could be done in the end if this were viewed as proactive compliance with regulations we do not agree with.”Other hardware wallets such as Sparrow Wallet, Samourai Wallet and BlueWallet have also decided to follow Trezor and remove the automated protocol.✅ @SparrowWallet – Removing AOPP next release✅ @bluewalletio – Removing AOPP next release✅ @Trezor – Removing AOPP next releaseCongrats to these projects for strength & resolve to listen to the community. Congrats to the community who successfully made their desires known https://t.co/RuqnxgbJfu— Samourai Wallet (@SamouraiWallet) January 28, 2022

Related: Engineer hacks Trezor wallet, recovers $2M in ‘lost’ cryptoWhile the AOPP protocol may not directly or negatively impact users of non-custodial wallets, decentralization and freedom are central tenets to the crypto community who values privacy. The main concern is that the implementation of AOPP may set a precedent for increased government influence and surveillance.

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Ubisoft executive responds to the backlash over new NFT platform

Ubisoft executive responds to the backlash over new NFT platform

Uverejnil používateľ | jan 28, 2022 |

Nicolas Pouard, VP at Ubisoft’s Strategic Innovations Lab, commented on the negative gamer feedback that Ubisoft received after introducing Quartz and Digits, in an interview with Finder.”It’s a reaction we are accustomed to. I think it’s great because it shows how engaged our players are and how passionate they are about their hobby and gaming in general. And looking at that, I think it’s reassuring.” In the interview Pouard goes on to clarify that Quartz and Digits are a “matter of personal choice” for players who “at no point” will be forced to use them.In Pouard’s explanation of Ubisoft’s motivations, however, some readers clung on to one phrase he said: “I think gamers don’t get what a digital secondary market can bring to them.” The idea that players may not “get it for now” was not taken very lightly by the Twittersphere. Below are some reactions from gamers to a Tweet by Kotaku, the popular video game blog:Well if users don’t get it, shouldn’t you avoid it. After all aren’t you doing this for consumers? I remember the time when ubisoft was one of the best places to play. Prince of Persia, AC Ethio trilogy Altair. Now ubisoft is less than a shell of its former self. It barely is— GOLdROGER1PIECE (@LdRoger1) January 28, 2022Some users were either simply “not interested” or believe that there is more gain for the company itself than for the gamers.Related: More evidence game devs hate NFTs and cryptoThere is also sentiment around gamers having true ownership of not just a skin or a weapon, but of characters and story lines. If players can become active contributors of a gaming ecosystem, then could it be possible for them to have ownership over the games themselves? Ubisoft recently partnered with startup Aleph.im who will provide a decentralized storage solution for Ubisoft Quartz. The gaming giant plans to continue integrating Digits into Quartz through 2022. 

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OpenSea email over inactive NFT listings sparks Twitter debate

OpenSea email over inactive NFT listings sparks Twitter debate

Uverejnil používateľ | jan 28, 2022 |

Twitter users reacted negatively to an OpenSea email sent to users who still had inactive listings on their accounts. In the email, OpenSea explained that old NFTs listings are still fulfillable, and should be canceled by the user because OpenSea is unable to cancel them on their behalf. They claimed this would “prevent any of your items from being sold at the inactive listing price,” due to Ethereum’s (ETH) dropping price.According to the NFT collector @dingalingts and other users, this warning had the opposite effect and canceling the listing ended up recreating the order. @Dingalingts tweeted a thread urging users to “FIRST transfer your NFT to a different address and cancel the listing/s on the original address BEFORE” canceling them.1/ WARNING: DO NOT CANCEL YOUR OS LISTINGS AS STATED IN THE EMAIL THAT OPENSEA JUST SENT OUTPlease FIRST transfer your NFT to a different address and cancel the listing/s on the original address BEFORE sending it backOS just put everyone at even more risk than before— dingaling (@dingalingts) January 27, 2022He cites another user @swolfchan.eth who claimed that he lost at least 15 ETH. After canceling a Mutant Ape Yacht Club listing, it was relisted for 6 ETH but someone waiting in the ETH mempool ended up selling the NFT in the same block by front-running the cancellation.So i got two emails today from @opensea about listings, and lost 15 ETH+ from exactly what their trying to prevent… I was told to please act urgently to cancel any inactive listings… cancelled a 15 ETH MAYC @BoredApeYC and it triggered a 6 ETH listing… and sold?? pic.twitter.com/1wt21mt9mz— swolfchan.eth (@swolfchan) January 27, 2022

While some users like @roundcatcrypto commented to @swolfchan.eth “This one’s on you man. Don’t play with company because you were trying to save a couple bucks,” others rallied in support of him and @dingalingts. Alex Attalah, co-founder of OpenSea, responded to @swolfchan.eth’s thread, tweeting that they “have a team working on it and putting up a countermeasure now.” @swolfchan.eth followed up and asked if he could expect a reimbursement, but received no response.

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Bybit donates $134M to BitDAO and integrates Arbitrum

Bybit donates $134M to BitDAO and integrates Arbitrum

Uverejnil používateľ | jan 27, 2022 |

The news about crypto derivatives exchange Bybit was two-fold Thursday, as the company announced via Twitter its $134 million contribution to the BitDAO Treasury in the form of Ether (ETH), Tether (USDT) and USD Coin (USDC), as well as the completion of the integration of Ethereum layer-2 solution Arbitrum.BitDAO currently has one of the largest decentralized treasuries and it recently funded a $200M zkDAO to further build on zkSync and scale Ethereum. Bybit’s investment attests to its confidence in BitDAO to lead and support DeFi projects. Bybit joins other backers such as Peter Thiel, Founders Fund, Pantera, Dragonfly and Spartan.Bybit is proud to support https://t.co/GPkvYHJvAq. We have made a ~$134M contribution (in $ETH, $USDT and $USDC) to the @BitDAO_Official treasury, equivalent to 2.5bps of futures trading vol. between Nov. 1 and Dec. 31.We pledge recurring contributions.— BYBIT (@Bybit_Official) January 27, 2022Related: Arbitrum network suffers minor outage due to hardware failureBybit’s integration with Arbitrum will enable users to deposit and withdraw ETH, USDT and USDC on the Arbitrum network. Other benefits may include lower gas fees than those on Ethereum’s mainnet, rapid throughput and decreased latency due to Arbitrum’s optimistic rollups. Ben Zhou, Bybit co-founder and CEO, said that his firm is able to deliver “next-level products and services” thanks to Arbitrum’s “decentralized, developer-friendly, and broad ecosystem support.”The Ethereum layer-2 scaling solution was developed to decongest the Ethereum mainnet. Arbitrum’s current total value locked, or TVL, is $1.54 billion, according to DeFi Llama.Related: Crypto derivatives can foresee price action but need institutional buzz to truly shineBybit also recently launched it own NFT marketplace that will give customers the choice to use their Bybit accounts to trade NFTs instead of having to link their personal wallet addresses. 

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