Autor Cointelegraph By Stephen Katte

Beeple's Discord URL 'hijacked,' directing users to wallet drainer

Beeple's Discord URL 'hijacked,' directing users to wallet drainer

Uverejnil používateľ | okt 4, 2022 |

Non fungible token (NFT) artist Mike “Beeple” Winkelmann has found himself the target of phishing scammers yet again, warning users that the URL link to his official Discord server was “hacked” — sending unaware new members to a wallet draining Discord channel if they follow the link. In an Oct. 3 post, the NFT artist warned users not to go into the “fraudulent” Discord channel and verify as it will “drain your wallet.” it appears our discord URLs were hacked to point to a fraudulent discord. DO NOT go into that discord and do not verify, it will drain your wallet!! once again massive thanks again to discord for being garbage. — beeple (@beeple) October 3, 2022However, Beeple wasn’t the first to notice the URL slight-of-hand, with Twitter user maxnaut.eth noting in a post hours earlier that the Discord link connected to the Beeple: Everydays – 2020 Collection on NFT marketplace OpenSea marketplace may have been “hijacked.”The screenshot shared by maxnaut.eth suggests that the URL points to a “CollabLand wallet drainer,” showing a Collab.Land Bot on Discord which directs members to verify account ownership — instead it works to drain their wallets, noting: “Your Discord URL probably got hijacked and your team didn’t update it on OS. You need to change that ASAP or people going to get rekd.”While Beeple claims the URLs were hacked and that Discord is to blame, other crypto Twitter community members are arguing that lax security measures are truly to blame. NFT analyst and blockchain detective “OKHotshot” replied to the artist’s announcement, stating the URLs were not hacked but instead alleging: “Mismanagement of discord URLs allows this happen, probably just like it happened to CryptoBatz.” While cybersecurity firm Black Alchemy Solutions Group commented their belief that it was not “a Discord problem.””This is a problem with a mismanagement of the Beeple Information Security apparatus. If you haven’t already, hire a vCISO (Security Officer), web3 doesn’t = Natively Secure.” It appears that the misdirecting Discord URLs have been fixed by the artist, according to maxnaut.eth, noting that it “Seems Beep Man picked it up and has fixed it now.”At the time of writing, the Discord link in the affected Opensea listing also appears to be gone. Related: 8 sneaky crypto scams on Twitter right nowBeeple’s social media and messaging platforms appear to be a popular target for scammers and hackers, having sold some of the most expensive NFTs on record, including the First 5,000 Days, a compilation of 5000 pieces of artwork that sold for $69.3 million. Elon Musk’s spacecraft manufacturer Space X, tech giant Apple, luxury brand Louis Vuitton and other high-profile companies and individuals are all listed as clients on Beeple’s website.In May, a phishing scam netted $438,000 in crypto and NFTs through a hijacking of his Twitter account, linking to a raffle purporting to be related to a Louis Vuitton NFT collaboration. In Nov. 2021, his Discord was part of another scam, where an admin account was compromised and a fake NFT drop was advertised, netting the scammers an estimated 38 Ether (ETH) worth roughly $176,378.14 at the time.Beeple did not disclose how many users may have been impacted by the current malicious Discord links. Cointelegraph has reached out to Beeple but has not received an immediate response at the time of publication.

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Illuvium co-founder shares plans for new ‘interoperable blockchain game’ model

Illuvium co-founder shares plans for new ‘interoperable blockchain game’ model

Uverejnil používateľ | sep 29, 2022 |

Kieran Warwick, co-founder of the blockchain role-playing game Illuvium has lifted the curtain on a gaming concept he says has never been done before — the interoperable blockchain game (IBG). Speaking to Cointelegraph during Token2049 in Singapore, Warwick said Illuvium has three games currently being built which will be underpinned by the same economy, governed by a single token (ILV),  and connected by the blockchain — making it an interoperable experience.“We’re building something that has never been done before not in the mainstream and not in Web3.” IBG, a term coined by Illuvium, is a series of blockchain games connected to each other, forming an ecosystem of interconnected titles which share NFTs, a common in-game currency, or both.Aside from trying to blaze new territory in the industry, Warwick says Illuvium is a “fun game” first and foremost, with player enjoyment as a cornerstone, rather than play to earn (P2E) and non-fungible token (NFT) aspects that some titles in the GameFi space have tended to focus on. He hopes the shift in focus could be the key to attracting players from the mainstream market. “In our genres that we’re hitting, there might be roughly 500 million people that we can bring in that literally won’t know that they’re playing a crypto game.”The first game is a city builder, one that Warwick says is a “combination of Sim City and Clash of Clans” where players can build and mine resources for use in the second game, “Overworld.”Overworld focuses on exploring and capturing creatures called “Illuvials”, which Warwick compares to Pokemon, that can then be battled in the third game, which will be similar to online battle arena titles such as “Teamfight Tactics or DOTA.” Warwick says they might not stop at three games though, adding at some point they want to “build another six games on top.” “Imagine taking one of those assets and then going over to the racetrack and playing a Mario Kart Game, but you’re not buying a new Nintendo game, it’s just one asset that’s usable across an entire universe of games.”At this stage, Illuvium still doesn’t have a formal release date but Warwick hopes to have a working beta in the next two or three months, with plans to publish on mobile, PC, and Mac. “I reckon probably sometime really early next year is when we’ll have open Beta with yields and all the aspects that we need, but not fully polished.”Related: ‘Blockbuster’ titles could save GameFi — ABGA PresidentIlluvium is governed by the Illuvium DAO, a decentralized autonomous organization. Warwick said they originally were going to raise $350 million in funding during the bull market, but the ongoing crypto winter has seen them scale back to between $10 and $20 million.Warwick also revealed he made the Australian Financial Review’s Young Rich List again this year — but the market conditions mean the billion dollars he was worth last year are a distant memory.Warwick jokingly noted that this was not a concern as his main motivation is only to be richer than his brother, Kain Warwick, the founder of Synthetix, who also made the Australian Financial Review’s Young Rich List in 2022.

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Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead

Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead

Uverejnil používateľ | sep 28, 2022 |

U.S. think tank Bitcoin Policy Institute is calling for the United States to reject Central Bank Digital Currencies (CBDCs) and look to Bitcoin (BTC) and stablecoins as alternatives. In a whitepaper shared on Sept. 27, authors including Texas Bitcoin Foundation executive director Natalie Smolenski PhD, and former Kraken growth lead Dan Held argue CBDCs would strip the public of financial control, privacy and freedom. #CBDCs don’t solve any problem. They do extend state control to the last remaining free areas of individual economic life.My latest white paper for the #Bitcoin Policy Institute. ⬇️ https://t.co/PS4rOlvcOw— Natalie Smolenski (@NSmolenski) September 27, 2022Smolenski and Held argued that CBDCs would essentially “provide governments with direct access to every transaction […] conducted by any individual anywhere in the world,” adding this could then become available for “global perusal” as government infrastructure is a “target of constant and escalating cyberattacks.” The pair also argued that CBDCs would enable governments to “prohibit, require, disincentivize, incentivize, or reverse transactions, making them tools of financial censorship and control.””As a direct liability of central banks, CBDCs become a new vanguard for the imposition of monetary policy directly on consumers: such policies include, but are not limited to, negative interest rates, penalties for saving, tax increases, and currency confiscation.”Smolenski and Held suggest this greater focus on surveillance will mimic “the Chinese government’s surveillance efforts” in bringing state visibility to all financial transactions not already observed through the digital banking system. “As the world goes the way of China in the 21st century, the United States should stand for something different,” they argued.The authors said many of the functions CBDCs provide can already be solved with a combination of Bitcoin, privately-issued stablecoins, and even the U.S. dollar, noting: “For most people, a combination of physical cash, bitcoin, digital dollars and well collateralized stablecoins will cover virtually all monetary use cases.”Smolenski argued that Bitcoin and private stablecoins will allow instant, low-cost digital transactions both domestically and across borders, while digital dollars and stablecoins will continue to be subject to anti-money laundering and know-your-customer compliance by “the platforms that facilitate transacting with them,” adding: “The creation of CBDCs is, quite simply, unnecessary.”The whitepaper also argued that governments are often out of depth with new technology, pointing to an incident earlier this year when the Eastern Caribbean Central Bank’s CBDC, DCash went offline.”In effect, where governments lead the implementation of CBDCs, serious stability and reliability issues will arise,” they wrote. CBDCs are already well on their way to development in some countries such as China, but earlier this month, President Joe Biden signaled the U.S. is considering following suit after directing the Office of Science and Technology Policy (OSTP) to submit a report analyzing 18 CBDC systems.Previous discussions around CBDCs in the U.S. have been marked with division and confusion, which is one of the authors’ key issues with CBDCs — a lack of expertise by governments, along with potential privacy breaches and control. CBDC’s are a threat to human freedom.— Dan Held (@danheld) September 27, 2022

To combat what they see as concerns with CBDCs, Smolenski and Held propose cryptographic stablecoins pegged to fiat currencies and backed 1:1 with hard collateral that can be issued by private banks worldwide.Related: It’s now or never — The US has to prepare itself for digital currency”This would provide all of the purported benefits of CBDCs for end users while precluding the levels of surveillance and control that CBDCs offer the state,” they said.”The United States should stand for something different: it should stand for freedom. For this reason, the United States should reject central bank digital currencies.” The Bitcoin Policy Institute describes itself as a nonpartisan, nonprofit organization researching the policy and societal implications of Bitcoin and emerging monetary networks.

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3 'blockbuster' titles that could save GameFi — ABGA President

3 'blockbuster' titles that could save GameFi — ABGA President

Uverejnil používateľ | sep 28, 2022 |

Kevin Shao, Executive President of the Asia Blockchain Gaming Alliance (ABGA) says he’s holding out hope for three “triple-A” blockchain gaming titles that could help propel GameFi into the mainstream and rescue it from the bear market.Speaking to Cointelegraph during Asia Crypto Week, the Executive President said one obstacle preventing mainstream adoption is current GameFi titles often have a focus on non-fungible tokens (NFTs) and play-to-earn (P2E) features without caring about “game performance,” and users’ enjoyment. In a P2E model, gamers typically buy an NFT in order to play the game and can win gaming tokens which can then beconverted into Bitcoin (BTC), Ethereum (ETH), fiat currency, or stablecoins.While he acknowledges these current GameFi titles are enjoyable for a lot of people, Shao says future titles should find a “balance” to accommodate different users’ tastes if it wants to go mainstream.Executive President of the Asia Blockchain Gaming Alliance Kevin Shao in SingaporeIn his opinion by moving away from the “existing project lineage,” developers could start taking cues from the mainstream gaming industry and incorporate features for people who want to play “for fun,” rather than for profit. During a presentation at a conference in Singapore, Shao highlighted three upcoming AAA titles he believes are shaping up to have the changes the GameFi industry needs — Illuvium, Phantom Galaxies, and Big Time.Illuvium is an open-world exploration, NFT creature collector and auto battler game, Phantom Galaxies is an online third-person RPG using NFTs to customize mechs, and Big Time is an RPG monster hunting action game with NFTs used to personalize weapons and clothing. Related: Crypto gaming sucks — But devs can fix itShao said they have “very good teams” behind them and a large bankroll from investors which could allow them to do “something different,” at least “compared to other projects recently,” and could be game-changing for GameFi if they can build a strong user base before the next bull market. According to Shao, we will most likely see the result “maybe this year or next year.” The Asia Blockchain Gaming Alliance (ABGA) launched on Nov. 25, 2021, in Singapore and is a non-profit co-sponsored by institutions in the gaming industry.

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Nifty News: Walmart steps into the Metaverse, @NFT founder hacked and more

Nifty News: Walmart steps into the Metaverse, @NFT founder hacked and more

Uverejnil používateľ | sep 27, 2022 |

American retail giant Walmart has taken its first steps into the Metaverse with the launch of Walmart Land and Walmart’s Universe of Play on Roblox.According to the company’s Monday announcement, Walmart Land focuses on “immersive experiences” with key features including a physics-defying Ferris wheel, unlockable tokens and badges, an interactive piano walkway and a D.J. booth for users.See Walmart like never before Walmart Land is our new world on #ROBLOX with fun & games for all. From film to fashion — whatever you’re into, let’s have some fun with it. Come for the inspo, stay for the verch & live performances.Let’s go! https://t.co/leZ4CITCjN pic.twitter.com/4r26MHHk5i— Walmart (@Walmart) September 26, 2022Products from Lottie London, Bubble, UOMA by Sharon C and other brands will also feature in the virtual world, along with a store of virtual merchandise, or “verch,” for user’s avatars. In October Walmart Land will add a motion-capture concert known as “Electric Fest” featuring performances from music artists YUNGBLUD, Madison Beer and Kane Brown.Meanwhile, Walmart’s Universe of Play offers games with products and characters from Jurassic World, Paw Patrol, Magic Mixies, Razor Scooters and the chance to explore toy worlds, earn coins and redeem them for virtual goods. The retail corporation first signaled intentions to enter the Metaverse after filing a patent with the United States Patent and Trademark Office on Dec. 30 covering its own “digital currency” and “digital token,” while a separate application covered a trademark for the Walmart brand in virtual reality and augmented reality. Founder of now-banned @NFT account gets hackedCo-founder of Leverage Game Media Jason Falovitch became the victim of a hack over the weekend with his account on NFT marketplace OpenSea cleaned out of a Mutant and Bored Ape and two Doodles.Falovitch has claimed the hack has cost him over $1 million in Ether (ETH) and NFTs. Falovitch is also the founder of the since-banned @NFT Instagram and Twitter handles which have both been suspended after repeated violations of platform community guidelines, and comes after allegations it promoted NFT projects without proper disclosures. In a post to his more than 170,000 Twitter followers on Sunday, Falovitch, known as @jfx on Twitter, said he was hacked the night before, urging the public not to buy any of the items or anything else from his wallets. I got hacked last night on @opensea. Apes, doodles, eth. It’s not pretty.Please do not buy any of these items or anything else from my wallets. Thanks pic.twitter.com/ynSTypo7EC— jf❌ (@jfx) September 25, 2022

Falovitch is known amongst the community as the founder of the @NFT account on Twitter and Instagram. He is also the co-founder of Leverage Game Media, a company he co-founded with American billionaire entrepreneur Mark Cuban which owns NFT assets and claims to help promote NFT projects through major sports social media pages.However his prior involvement with the banned social media accounts has not escaped some of the grudge-holding community members, with some calling the recent hack “karma.” Karma for all of the people you rekt with the scams promoted on your Instagram page. Definitely won’t be tracking this one.— ZachXBT (@zachxbt) September 25, 2022

Pixelmon rises from the ashesAfter a less-than-stellar response to the launch of its NFT collection back in February, Pixelmon has come back with a new plan and fresh leadership under LiquidX, a web3 venture capital studio.According to the company statement, LiquidX acquired a 60% stake in the project, and LiquidX co-founder Giulio Xiloyannis will serve as CEO of Pixelmon.It’s been 213 days since the creator of Pixelmon (Syberer) tweeted he will not go anywhere pic.twitter.com/3LjEfUa8Mr— OKHotshot (@NFTherder) September 26, 2022

Earlier this year, many early minters of the Pixelmon NFT collection were left disappointed after the project revealed the finalized art in February, which ended up being well below expectation. However, under new leadership, the updated Pixelmon roadmap now turns the underwhelming monsters from the original NFT collection into 3D characters that can be used within the forthcoming Pixelmon Massively Multiplayer Online Role-Playing Game (MMORPG). Pixelmon was originally slated to launch a playable alpha of its MMORPG before the end of 2022, but now alpha testing for the game will begin in Q1 2023, with the game now set for release in late 2023.The new roadmap under LiquidX also includes the future launch of virtual land NFTs and separate utility and governance tokens to fuel Pixelmon’s economy.AC Milan partners with Solana-based MonkeyLeagueProfessional football club AC Milan (Rossoneri) has inked a new deal with MonkeyLeague, a Web3 football game built on the Solana blockchain — becoming yet another sporting brand to leverage the technology for fan engagement. The partnership will see the creation of exclusive AC Milan branded NFT game assets, including new players for the game, skins, in-game clothing and stadiums. Casper Stylsvig, Chief Revenue Officer of AC Milan said the club is “thrilled” and called the collaboration one “that allows us to strengthen our positioning in the field of digital innovation.” According to the MonkeyLeague website, the game is a web3 based Esports game that will allow users to build and manage a dream team of at least six MonkeyPlayer NFTs, compete against other players and climb the league ranks. AC Milan was founded back in 1899 and are currently the reigning champions of Serie A, the country’s top league football division.Related: Disney seeks corporate lawyer for ‘emerging technologies’ and NFTsMore Nifty News:Reddit Avatar nonfungible tokens (NFTs) have seen erratic price performance over the past few months, with Reddit user u/Warfared posting an analysis tracking the exchange of NFTs on trading platform OpenSea.io. The co-founder of NFTGo, Tony Ling, believes the mainstream presence in the NFT space isn’t a game changer, but innovation will be a key factor in adoption.

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