Autor Cointelegraph By Ornella Hernandez

This proof of concept NFT can swipe unsuspecting users' IP addresses

Both OpenSea and Metamask have logged cases of IP address leaks associated with transferring NFTs, according to researchers at Convex Labs and OMNIA protocol.Nick Bax, head of research at NFT organization Convex Labs tested out how NFT marketplaces like OpenSea allow vendors or attackers to harvest IP addresses. He created a listing for a Simpsons and South Park crossover image, entitling it “I just right click + saved your IP address” to prove that when the NFT listing is viewed, it loads custom code that logs the viewer’s IP address and shares it with the vendor.This NFT logs your IP address:https://t.co/hB34JuJLH9 — bax.eth (@bax1337) January 24, 2022In a Twitter thread, Bax admitted that he “does not consider my OpenSea IP logging NFT to be a vulnerability” because that is simply “the way it works.” It’s important to remember that NFTs are at their core a piece of software code or digital data that can be pushed or pulled. It is quite common for the actual image or asset to be stored on a remote server, while only the asset’s URL is on-chain. When an NFT is transferred to a blockchain address, the receiving crypto wallet fetches the remote image from the URL associated with the NFT.Bax further explained the technical details in a Convex Labs Medium post that OpenSea allows NFT creators to add additional metadata that enables file extensions for HTML pages. If the metadata is stored as a json file on a decentralized storage network such as IPFS or on remote centralized cloud servers, then OpenSea can download the image as well as an “invisible image” pixel logger and host it on its own server. Thus when a potential buyer views the NFT on OpenSea, it loads the HTML page and fetches the invisible pixel that reveals a user’s IP address and other data like geolocation, browser version and operating system.Analyst Alex Lupascu, co-founder of the privacy node service OMNIA Protocol, conducted his own research with the Metamask mobile app with similar effects. He discovered a liability that allows a vendor to send an NFT to a Metamask wallet and obtain a user’s IP address.  He minted his own NFT on OpenSea and transferred the ownership of the NFT via airdrop to his Metamask wallet, and concluded finding a “critical privacy vulnerability.” My team and I discovered a critical privacy #vulnerability in the most popular #crypto #wallet.Are you using MetaMask ?Well, I have bad news for you – your #privacy is at risk!@samczsun @gakonst @VitalikButerin @cz_binance @phildaian https://t.co/ar30UMzR1G— Alex Lupascu (@alxlpsc) January 20, 2022

Related: MetaMask’s new inbuilt multichain institutional custody featureIn a Medium post, Lupascu described the potential consequences of how a “malicious actor can mint an NFT with the remote image hosted on his server, then airdrop this collectible to a blockchain address (victim) and obtain his IP address.” His concern is that if an attacker gathers a collection of NFTs, points all of them to a single URL and airdrops them to millions of wallets, then it could result in a large scale distributed denial-of-service, or DDoS attack. Having personal data leaked can also lead to kidpnapping, according to Lupascu. He also suggested a potential solution could be requiring explicit user consent when it comes to fetching the remote image of the NFT: Metamask or any other wallet would prompt the user that someone on OpenSea or another exchange is fetching the remote image of the NFT, and informing the user that his or her IP address may be exposed.Dan Finlay, CEO of Metamask, responded to Lupascu on Twitter stating that even though “the issue has been known for a long time” they are now starting work to fix it and improve user safety and privacy.That same day, even Vitalik Buterin recognized the challenges of off-chain privacy within Web3. On a recent UpOnly podcast episode, Buterin said that “the fight for more privacy is an important one. People are underestimating the risks of no privacy,” adding that the “more crypto-y everything becomes,” the more exposed we are.

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The Sandbox and Warner Music Group to create music-themed LAND

The Sandbox announced Thursday a partnership with Warner Music Group, or WMG, to create a musical theme park and concert venue within the gaming metaverse. The Warner Music Group LAND in The Sandbox will host concerts and live experiences featuring artists and talent represented by WMG.  This initiative marked Warner Music’s first entry into the NFT metaverse realm. According to a statement shared with Cointelegraph, their goal is to create immersive social experiences that can empower Warner Music artists. The Sandbox could provide artists with another outlet to engage with their fans, experiment with virtual entertainment and generate new revenue streams while reaching a global community.   Sebastien Borget, COO and Co-Founder of The Sandbox said that the partnership “brings the open metaverse one step forward in the direction of fan-owned and community-driven initiatives.”“We’re shaping The Sandbox as a fun entertainment destination where creators, fans, and players can enjoy first-of-a-kind immersive experiences and be more closely connected to their favorite musical artists through NFTs,” he added.Digital land remains in high demand, and consistent high trading volume on The Sandbox has deemed it one of the most competitive metaverses to rival Decentraland. According to the company, The Sandbox will hold a LAND sale in March 2022 to allow music fans to buy LANDS adjacent to the WMG property. Related: $106M worth of metaverse land sold last week: DappRadarWMG, comprising of record labels like Atlantic, Warner Records, Elektra and Parlophone, is the latest partner to purchase real estate within The Sandbox metaverse, joining The Walking Dead, Snoop Dogg, Adidas, Steve Aoki, The Smurfs and CryptoKitties.

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YouTube CEO hints that NFTs could be added to creator platform

YouTube’s CEO, Susan Wojcicki, addressed YouTube’s priorities for 2022 in a letter published Tuesday on the company blog. Among those priorities is the possibility of adding nonfungible token, or NFT, features for the platform’s video creators.there’s *so much* to in 2022: @SusanWojcicki shares the future of YouTube → https://t.co/uL2WIbLwXK pic.twitter.com/JEW8yzqh7e— YouTube (@YouTube) January 25, 2022What this could look like is yet to be determined, however. No additional details were provided in Wojcicki’s statement aside from the claim that the YouTube team will use developments in the Web3 space “as a source of inspiration.”“The past year in the world of crypto, nonfungible tokens (NFTs), and even decentralized autonomous organizations (DAOs) has highlighted a previously unimaginable opportunity to grow the connection between creators and their fans.”As YouTube looks to expand the number of ways that creators can earn money, one option is to “capitalize on emerging technologies.” Currently, there are 10 ways for creators to monetize their business according to Wojcicki, including ads and the newly introduced TikTok-like YouTube Shorts. Could NFTs be next? Related: Meta unveils metaverse AI supercomputer, claims it will be world’s fastestYouTube boasts one of the largest creator communities and is the second most visited site in the world, according to Similarweb. In light of the rise of the Metaverse and other Web3 initiatives by social media platforms like Meta and Twitter, which has recently allowed iOS users to use NFTs as their profile pictures, YouTube looks to compete to retain and attract talent.In her letter, Wojcicki also mentioned their intention to improve the live experience o gaming creators as a priority. Since NFT integration in video games has become the main use case for the adoption of NFTs, this could suggest that gaming creators may be more open to capitalizing on YouTube’s new initiative. 

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Nifty News: FLUF World and Snoop Dogg fundraise, Adidas and Prada NFTs, WAX gifts 10M NFTs

There was so much Nifty News this week that a second round-up was necessary to catch up on the latest nonfungible token (NFT)-related news.FLUF World and Snoop Dog partner for charity FLUF World, Beyond VR studio and Snoop Dogg teamed up to raised over $1 million via a one-day charity NFT auction on behalf of the Kiwi nonprofit organization Auckland City Mission.Seven FLUF World NFTs were paired with seven limited-edition Snoop Dogg-themed Burrows designed by Beyond and sold on OpenSea. The partnership with the rapper included a 500 Snoop Dogg studio drop announced this past week. What. The. Fluf. Over $1 Million NZD raised in just 12 hours in our @SnoopDogg Burrow & Fluf Auction for the @AKcitymission. We’re blown away Thanks to our partner @beyondvrgames, all who gave generously and everyone who tuned in to show their support. We love you all ❤️ pic.twitter.com/0C1aYM3Vg5— FLUF (@FLUF_World) January 20, 2022Non-Fungible Labs, who own FLUF World first made a Christmas donation of $100,000 to Auckland City Mission last month. Just as Fluf avatars can find a home in Burrows in the metaverse, Aukland City Mission helps locals in need of housing.Adidas OriginalsAdidas Originals launches the ‘adidas for Prada re-source’ project in collaboration with digital artist Zach Lieberman on SuperRare. A majority of the proceeds from the NFT sales will be donated to Slow Factory, a non-profit organization and institute dedicated to improving sustainability and environmental literacy.Adidas and Prada invite their communities to share anonymized photographs to the open-Metaverse NFT project. 3,000 community-sourced artworks will be chosen and minted as NFTs. Digital artist Zach Lieberman will then compile the images as tiles in a single mass-patchwork NFT design. Contributors will maintain full ownership rights over their individual NFT tiles.Introducing adidas for @Prada re-source —an ambitious first-of-its-kind NFT project featuring user-generated and creator-owned art, in collaboration with digital artist @zachlieberman.3,000 tiles, 1 canvas. Play.Learn more at https://t.co/biHgWL4rQq#adidasforPradaNFT pic.twitter.com/bKBnmkWDWI— adidas Originals (@adidasoriginals) January 20, 2022

UNICEF celebrates 75 years with NFT collection On the eve of UNICEF’s 75th anniversary, the UN children’s agency launched its largest 1,000 data-driven NFT collection in support of internet connectivity at schools. So far $740,000 has been raised. The first 1,000 NFT pieces raised $550,000, and the pre-sale for a limited-edition piece and four others last week at a St. Moritz auction raised $140,000. UNICEF also secured an arrangement with secondary auction platforms to receive 20% royalty of all future sales, which brought in the additional $50,000 in one week, according to the organization. This royalty structure may allow UNICEF to continue raising funds for its Giga school-connectivity initiative via re-sales for years to come. Source: Patchwork KingdomsWAX to airdrop 10M NFTsWAX recently reached 11 million total wallets accounts on the WAX platform and decided to celebrate by airdropping a total of 10 million free NFT collectibles to the first 10 million wallet holders. This is the largest single NFT drop to date, according to the company, and will allegedly emit zero carbon emissions.The free NFTs span 10 different digital pins, each marking a different moment in WAX’s history. From its launch on Mainnet in 2019 to its WAX Cloud Wallet launches and its collaboration with AMC and Spiderman.Source: WAXOther Nifty NewsSocial media networks made NFT headlines this week as well. Meta reportedly plans to integrate NFTs on Facebook and Instagram profiles to allow their users to display their NFTs. Meta may also be in discussion about launching an NFT marketplace.Twitter, on the other hand, announced its rollout for NFT, hexagonal avatars. For now, only paid subscribers of Twitter Blue using iOS, which costs $2.99 per month, have access. Twitter users were quick to point out, however, that anybody can simply right-click-save any NFT from a Twitter profile, mint it, and then use it as their avatar.

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Crypto Stories: Vitalik Buterin talks creating Ethereum in previously unreleased 2014 interview

The latest episode of Cointelegraph’s Crypto Stories featured never-before-heard audio from an exclusive interview with Vitalik Buterin, recorded at a conference in Hong Kong in 2014. In this animated short, viewers can learn about the origin story of Ethereum (ETH), the world’d second-largest cryptocurrency by market capitalization, straight from the founder himself.[embedded content]Back in 2011, while Buterin was a student at the University of Waterloo, he first heard about Bitcoin from his tech entrepreneur father. However, he didn’t take the decentralized currency seriously until began participating in Bitcoin forums created by Satoshi Nakamoto. In Buterin’s own search to learn about Bitcoin, he became a writer for the now defunct Bitcoin Weekly website where he got paid 5 BTC per article, or $4 at the time, said Buterin.Related: Finance Redefined: Vitalik bearish on cross-chain, dYdX decentralizing, Jan. 7–14Next he took his newfound journalism skills to join Mihai Alisie in co-founding Bitcoin Magazine. Their first issue was published in May 2012, according to the publication’s website, and the magazine is now owned by BTC Media. Buterin decided to withdraw from his university studies in 2013 at 19 years old to pursue working on blockchain-related projects full-time while traveling around the world. Throughout this time, he realized that cryptocurrency could be used for “more than just money” and should allow for more “freedom.” Buterin’s dream was to develop a blockchain with a built-in programming language and thus Ethereum was born, with the help of Mihai Alisie and others. The project was officially announced in January 2014.Related: How a young rebel started Thailand’s leading crypto exchange | Crypto Stories Ep. 1To read more about Ethereum, check out Cointelegraph’s Ethereum 101 guides and an in-depth profile on Buterin. 

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