Značka: OpenSea

OpenSea introduces new stolen item policy to combat NFT theft

As asset theft remains one of the biggest headaches in the nonfungible token (NFT) space, NFT marketplace OpenSea is making an effort to tailor its policy to incorporate additional measures against stolen items. In an announcement, the firm highlighted that its policies were made considering United States laws, where knowingly allowing the sale of stolen items is prohibited. However, the marketplace admitted that in some cases, buyers who unknowingly bought stolen items were penalized even though they were not at fault. Because of this and the NFT community’s feedback, the marketplace has adjusted its policy to expand the use of police reports. Previously, police reports were used within the platform in escalated disputes. With the new update, they will be used to confirm all stolen item reports within the NFT platform. Without a police report within seven days, the platform will enable the buying and selling of the reported item again to avoid fake reports. Following this, the company has also made efforts to ease the process of re-enabling the buying and selling features once the stolen items are recovered. The NFT platform also highlighted that it’s working to find other solutions to tackle the problem of NFT theft at its roots. According to the announcement, the company is working on automating threat and theft detection.A Twitter user praised the move, describing it as a good first step and encouraged other platforms to follow suit while suggesting the consideration of the nuances of laws from other countries as well. On the other hand, some community members are still disgruntled, taking to Twitter to report their issues. A user wrote: That’s funny because when my NFT was stolen, both Opensea and the NFT Company that created it, pretty much told me to go to hell. What a change in attitude. I guess it only matters when 1000s of people are complaining— CompassionateNFTkidz (@COMPASSIONTENFT) August 11, 2022Meanwhile, another user claimed that they had purchased a stolen NFT unknowingly, and the support staff at OpenSea recommended that the user sell it on another NFT marketplace. Related: Hacker tastes own medicine as community gets back stolen NFTsIn June, the NFT platform enabled additional security features to protect its users from NFT scams. The feature hides NFT transfers that are flagged as suspicious automatically. The goal of this is to ensure that only legitimate transactions are visible in the marketplace.

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Life after crypto biz: Retrenched staff ponder future in the job market

Bleak market prospects continue to afflict the cryptocurrency ecosystem as prominent firms face the tough reality of reducing their workforce to ensure their long-term viability. Nonfungible token (NFT) marketplace OpenSea has established itself as an industry leader in its category. Still, its own success has not been enough to weather the potential length of the so-called crypto-winter.The company announced that it would reduce its employee numbers by 20% in July to ensure the long-term viability of the business. OpenSea co-founder Devin Finzer shared a Slack message sent to the company outlining the reasoning for the retrenchment move on Twitter on July 14:Today is a hard day for OpenSea, as we’re letting go of ~20% of our team. Here’s the note I shared with our team earlier this morning: pic.twitter.com/E5k6gIegH7— Devin Finzer (dfinzer.eth) (@dfinzer) July 14, 2022Finzer promised to give outgoing staff a ‘generous’ severance package and healthcare coverage into 2023, as well as accelerate equity vesting periods for employees eligible. The co-founder noted that despite having built a strong balance sheet through fundraising and a proven ‘product-market fit,’ OpenSea had to reduce its workforce to ensure a financial runway for a five-year crypto winter scenario.Related: Crypto exchange Coinbase slashes staff by 18% amid bear marketA handful of OpenSea employees took to social media platforms with posts indicating their severance from the company. One employee was ‘shocked and still processing’ the news while taking a positive attitude:I was apart of the layoffs.I’m shocked and still processing tbh. Can’t take it personal. Must move forward and keep building.Thanks @opensea for the opportunity https://t.co/e4WseqeavR— Allen (@allencito) July 14, 2022

Kristyana Kern, a recruiter working for OpenSea, confirmed her departure from the company in a LinkedIn post that was also shared on Twitter:“In my short time there, I hired 10 people with 100% offer acceptance, helped build out recruiting operations and really dug into Web3. I worked with incredible people and am so grateful for my time there but am ready for my next adventure.”So sad to share that I was impacted by layoffs at OpenSea. I worked with incredible people and am so grateful for my time there.That being said – I don’t want this to end my time in Web3 so if anyone is hiring Recruiters please reach out ❤️— Kristyana (@kristyanakayy) July 14, 2022

Cointelegraph spoke to another former OpenSea employee that admitted being caught off-guard by the announcement. The individual, speaking on condition of anonymity, had been employed in the cryptocurrency industry for around a year and wanted to continue working in the Web3 space.These posts garnered plenty of interest, with colleagues and acquaintances offering assistance to help place the outgoing OpenSea employees. Some projects like DAO payroll and finance platform Utopia Labs called for engineers to explore new openings at the firm:If you were affected by the @opensea layoffs we’re hiring @utopialabs_ and would love to chatWe’re working on some deep technical problems at the intersection of compensation, compliance, and coordination for DAOs, and are expanding out our rockstar eng team https://t.co/0ONJM9M8QZ— imhiringengineers.eth (@pryceandstuff) July 14, 2022

OpenSea becomes the largest NFT-focused company to be forced to cut staff alongside significant firms in other corners of the blockchain and cryptocurrency ecosystem. June 2022 saw the likes of major exchanges Gemini, Coinbase and Crypto.com announcing retrenchments. Cryptocurrency, blockchain and Web3 job portal Crypto Jobs List estimates that 3500 jobs were cut by the three major exchanges. At the same time, the service noted a 20% drop in the total volume of companies and jobs being advertised since May.While other companies streamline their teams, the likes of Binance, Kraken and OKEx are hiring for over 2000 positions collectively. Crypto Jobs List also estimates that another 1000 jobs are set to be created by a plethora of cryptocurrency and nonfungible token (NFT) startups.Nonetheless the search volume for “remote crypto jobs” been the highest ever in the last 5 years pic.twitter.com/OyAVZVbkho— Crypto Jobs List — Solidity NFT DeFi Web3 Jobs (@CryptoJobsList) July 7, 2022

Cryptocurrency Jobs, another careers portal platform, also noted an increase in the number of companies requesting human resource assistance. Daniel Adler, the founder of Cryptocurrency Jobs, told Cointelegraph that he’d worked with 40 different companies across the cryptocurrency ecosystem since markets turned sour in 2022:Some teams have implemented hiring freezes, others are restructuring and looking into their hiring needs for the year, and for some, it’s business as usual. For many teams, the bear market is a great time to do meaningful and strategic hires.”Cointelegraph has reached out to a number of individuals affected by staff cuts in the cryptocurrency industry. If you have recently lost your job or have been affected by prevailing market conditions and would like to share your experience/views – send an email to gareth@cointelegraph.com.

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Nifty News: Yuga Labs breaks silence, X2Y2 outpaces OpenSea and more…

Yuga Labs has finally broken its silence over the conspiracy theory that alleges the team embedded alt-right and Nazi memes/imagery into the artwork and branding behind the Bored Ape Yacht Club (BAYC). As Cointelegraph previously reported, the BAYC conspiracy theory was once again brought into the limelight on June 20 after YouTuber Philion published a video exploring the supposed evidence that artist Ryder Ripps initially compiled at the start of this year.In a Medium blog post shared via Twitter on June 25, Yuga Labs co-founder Gordon Goner said that the team finally decided to clear the air after the theory had gotten so much attention that one of their favorite podcasters was talking about it. “We’ve not responded in further detail to these allegations because frankly they are insanely far-fetched.”“That said, we woke up this morning to a podca///ster we respect talking about this conspiracy theory, and that was pretty surreal. Made us feel like it was time to come out and put an end to all this,” he added. In particular, Ryder Ripps alleged the BAYC NFT artwork featured racist caricatures of Black and Asian people, and the project’s logo and branding have several nods to certain Nazi symbology and language. The artist also made a BAYC derivative NFT collection called RR/BAYC as a satire and protest against Yuga Labs. While the team didn’t address all of the points outlined against the BAYC, it flat out denied the allegations that its logo was derived from the Nazi Totenkopf (skull and crossbones) symbol. It also reiterated that using Apes in the BAYC is a nod to crypto degens and not a racist troll. However, not everyone was pleased with their response, as several points went unaddressed. dude’s like ‘we’re minorities’ and gets some sham cover from the ADL. Well I’m a jew and descendant of holocaust survivors and this imagery offends me but keep gaslighting pic.twitter.com/kbJlJaEYE4— jpəġ jəđ (@h0listicrypto) June 24, 2022In an update later that day, the Yuga Labs team also stated it had taken legal action and filed a lawsuit to “stop the continuous infringement, and other illegal attempts to bring harm” to the firm and community. Although It didn’t mention Ryder Ripps by name directly by name.(1/2) The outpouring of support from our community today has been overwhelming. We will continue to be transparent with our community as we fight these slanderous claims. In order to put a stop to the continuous infringement, and other illegal attempts to bring harm to…— Yuga Labs (@yugalabs) June 25, 2022

Volume on NFT marketplace X2Y2 surges past OpenSeaOver the past several weeks, the sales volume on Ethereum-based NFT marketplace X2Y2 has surged past the top platform in the sector OpenSea. According to data from DappRadar, X2Y2 generated $144.16 million worth of NFT sales from just 11,534 traders over the past week, compared to the $117.64 million generated from 155,734 traders on OpenSea.Seven day NFT marketplace sales volume: DappRadarThe X2YX platform launched in February earlier this year, and while it doesn’t appear to host the sale of any top-tier NFT projects, it does provide an OpenSea Sniper feature that enables users to bundle NFT purchases on both X2YX and OpenSea into one transaction. X2YX has seen its daily volumes surge to new highs in June, with its highest ever recorded day of volume coming on June 6 with $32.92 million. One of the reasons behind the platform’s bullish growth this month appears to be its zero trading fees promo from June 1 until June 30. Crawley Town to release soccer kits tied to NFTsProfessional English football (soccer) club Crawley Town F.C. are rolling out a soccer kit (playing uniform) that can only be obtained by fans that purchase the corresponding NFT. Crawley Town currently plies its trade in the fourth tier of the English professional league structure, and it was acquired by sports-focused crypto firm WAGMI late last year. Pro-teams generally have three different kits each season, one for home games, one for away and a third alternate kit. In this instance, the third kit will be offered to fans via the sale of NFTs. Speaking with U.K. news outfit the Mirror on June 25, Crowley Town co-owner Preston Johnson stressed that the club is not trying to launch NFTs for a quick profit and is instead looking for ways to integrate the tech with avenues such as shirts and ticketing: “Our NFTs are more like virtual season tickets. They’re not items we’re trying to sell to local fans.”Related: Can Metaverse technology enhance human-AI efficiency?BCware launches NFT app in Shopify App Store California-based Web3 tech firm BCware has launched a new multi-chain NFT app in the Shopify App Store that enables merchants to provide NFT buying and selling services from multiple blockchains in their stores.The app is currently integrated with Ethereum, Polygon, Flow and Solana, and also enables customers to pay via fiat or cryptocurrency. The firm also stated that the app will support “wallet onboarding for buyers who are new to crypto.”The move comes the same week that Shopify rolled out an NFT-gated storefronts feature that allows brands/merchants to make their online stores more exclusive. Sell Where You TweetYou know Twitter is where your people are, and now they can discover your products directly on your profile.So next time you have a tweet doing numbers, you can plug your own products instead of someone else’s. Right @trixiecosmetics? pic.twitter.com/teuIkQkzbL— Shopify (@Shopify) June 22, 2022

Other Nifty News: On June 24, Eminem tweeted that a new song called “From The D 2 The LBC” would be released. The post included the song’s art, which is in a comic book style with two cartoon monkeys representing both Snoop Dogg and Slim Shady and their connection to the Bored Ape Yacht Club.Football superstar Cristiano Ronaldo has signed an exclusive multi-year NFT partnership with crypto exchange Binance. The collaboration aims to introduce soccer fans to the Web3 ecosystem through global NFT campaigns.

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Nifty News: Christie’s NFT expert to lead CryptoPunks, fake heiress launches NFT collection

Noah Davis, the non-fungible token (NFT) specialist at auction house Christie’s, has said he’s leaving the position in July to take up a post as brand lead for the CryptoPunks NFT collection with Yuga Labs.Announcing the move on June 19 in a Twitter thread, Davis looked to quash any anxieties holders had regarding the future of one of the oldest NFT projects, saying he “will not f*ck with the punks.”What does that mean? It means no Punks on lunchboxes or cringe TV shows/shitty movies. It means no arbitrary rushed utility or thoughtless airdrops. It means if you love your Punk(s) because they are what they are (just Punks) then you and I see eye to eye…— Noah (@NonFungibleNoah) June 19, 2022He invited CryptoPunk owners to schedule a talk with him about the project’s future at the NFT NYC event and said the new position wouldn’t take away from his own NFT project.Davis is responsible for the record-breaking auction of Beeple’s “Everydays: The First 5000 Days” NFT, which sold for over $69 million in March 2021.Yuga Labs acquired the intellectual property of the CryptoPunks collection from Larva Labs in March, saying it would turn over full commercial rights to the owners, a promise yet to be realized.But, Yuga Labs co-founder Wylie Aronow aka “Gargamel” addressed the holdup in a series of tweets on June 19, writing it was “too significant to rush” and that new terms “will be rolling out in the next couple of weeks.”With the announcement of Davis’ move and the new terms set to take effect soon, some are alleging insiders had prior knowledge of the information citing the surging sales volume of the collection.Ok so no one’s going to address the obvious insider trading that happened in the last 48 hours?Chart: @punk9059 https://t.co/56s56D5Nw1 pic.twitter.com/beNkWbAc2Y— Chainleft (@ChainLeftist) June 19, 2022

According to OpenSea, 39 sales of the CryptoPunks collection have taken place since the announcement, with 101 sales in total on June 19, up from the only 19 sold the day prior, on June 18.Convicted scammer “reinvents” herself with NFTsConvicted con-artist and fraudster Anna Sorokin, who from 2013 to 2017 pretended to be the wealthy German heiress “Anna Delvey” to defraud acquaintances and business of over $275,000, has started an NFT collection.Titled “Reinventing Anna,” the collection features 2,000 NFTs for 0.1 Ethereum (ETH) each, or about $110. It is marketed as a way for “fans to interact with Anna” and access private “ask-me-anything’s” with Sorokin.Related: NFT trading volume surges amid market and floor price crashThe collection will feature 20 “gold edition cards,” which grant owners the possibility of a one-on-one phone call or in-person visit with the so-called “renowned socialite.”The collection’s name is a play on the “Inventing Anna” Netflix drama miniseries released earlier this year, the subject of which is inspired by Sorokin’s story.“I see this first drop as an opportunity to directly connect with my audience and take charge of the narrative that’s been largely outside of my control,” Sorokin wrote in an Instagram post regarding the collection.It’s unknown how NFT holders will be able to visit her in person, however. Since March 2021, Sorokin has been held by United States Immigration and Customs Enforcement for overstaying her visa and faces deportation to Germany.Duppies followers targeted in phishing scamDuppies, an upcoming Solana NFT project from the same team as the popular “DeGods” collection, had its Twitter account hacked on June 18, with attackers tweeting a link to a “stealth mint” of the NFTs.The link was a phishing website, and users who connected their wallets and attempted to mint had their wallets drained of all funds. One Twitter user wrote they lost 650 Solana (SOL) worth around $18,850 from the attack.In Twitter Spaces after the attack, the creator of the upcoming collection known as “Frank” joined security auditor “Code Monkey” to explain how the attack happened.The auditor said the attacker likely accessed the Duppies Twitter account in a targeted SIM swap attack.The attack works by scammers contacting the phone provider of the mobile number holder and trick the carrier into swapping the mobile number to a SIM card in their control. From there, the attacker can bypass any two-factor authentication on the account and gain access.More Nifty News:Watchmaker TAG Heuer has released a watch that can pair with a smartphone to show NFTs on the watch face and also connect to the blockchain to verify the NFT is owned by the wearer.Despite warnings from the nation’s authorities, the number of NFT and digital collectible platforms in China has seen a five times increase since February 2022, going from just over 100 to over 500, according to local state-owned media.

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OpenSea announces migration to Seaport protocol

On Tuesday, OpenSea, the most popular nonfungible tokens, or NFTs, marketplace by trading volume, announced that it was migrating to Seaport. Among many perks, the protocol says it will feature lower gas fees, the ability to make offers on entire collections, removal of new account initialization fees, and more user-friendly signature options.As told by OpenSea, users would pay 35% less for gas fees when transacting on Seaport. Based on data from 2021, it would amount to an estimated $460 million (138,000 ETH) in total savings. In addition, the removal of the setup fee would potentially result in $120 million (35,000 ETH) per year in additive savings.The year prior, the Ethereum network became periodically congested due to celebrity NFT drops on OpenSea, with users reporting losses due to failed transactions. However, gas prices on the network have stabilized as of late. Average Ether gas prices tracked by YCharts have fallen to $95.86 compared to spikes of hundreds of dollars in 2021. OpenSea also teased features such as the ability to purchase many NFTs in a single transaction, making real-time creator fees available to multiple recipients, and defining fees on-chain on a per-item basis. Seaport listings have the same basic structure as previous ones while its developers worked in Assembly to optimize transaction efficiency.OpenSea does not control or operate the Seaport protocol and merely builds on top of it. Interestingly, the firm says it’s still “hiring across the board” in concluding comments. This is in contrast with steep rounds of layoffs announced by multiple cryptocurrency firms, including most recently BlockFi and Coinbase. OpenSea said that it does not control or operate the Seaport protocol and merely builds on top of it. The firm also stated that it’s still “hiring across the board” in concluding comments. This is in contrast with steep rounds of layoffs announced by multiple cryptocurrency firms, including most recently BlockFi and Coinbase. 

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NFT trading volume surges amid market and floor price crash

NFT trading volume has surged over the past 24 hours as crypto markets tank taking floor prices of many top NFT collections along with it.A long list of top NFT projects such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Crypto Punks, and Sorare have all seen more than 100% increases in 24-hour trading volumes as investors look to snap up cheaper NFTs as floor prices tumble.According to data from CryptoSlam, eight of the top 10 NFT projects in terms of 24-hour sales volume have posted at least a 115% increase in trading volume, with the only projects falling under that mark being Goblintown at 35.54% and Moonbirds at 64.11%. Leading the pack is Yuga Labs’ BAYC NFTs, with a 262.79% surge over the past 24 hours to account for $7.1 million worth of sales. Notably, the following three highest-ranked projects are also owned by Yuga Labs, with MAYC, Otherdeed, and CryptoPunks posting 173.49%, 157.88%, and 122.69% surges in 24-hour trade volume to represent $3.4 million, $2.6 million and $2.5 million worth of sales respectively. 24 hour trade volume: CryptoSlamData from DappRadar also shows that OpenSea marketplace has been the biggest beneficiary of the increased trading volume over the past 24 hours, with the platform posting a 173.43% gain in trading volume for a total of $23.88 million worth of sales. However, the number of traders on the platform also decreased by 15.39% to 29,300 within that same time frame, suggesting that only a small number of investors with relatively deep pockets are making moves. Related: Crypto winter survival guide: Community shares game plan for the bear marketIt is also worth noting that even as projects such as the BAYC and CryptoPunks have seen their floor prices drop to 82.5 ETH ($96,700) and 47 ETH ($54,800) — down from their all-time highs of 153.70 ETH and 123 ETH — investors are still snapping up assets above the floors. In the past 24 hours, CryptoPunks #8620 and #5690 went for 275 ETH apiece ($327,000 at current prices) while BAYC NFTs #393 and #3441 sold for 118 ETH ($140,000) and 105 ETH ($124,000).

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Floor price of popular NFT collections collapse due to bear market

It appears there is no respite anywhere in the crypto realm in the face of Monday’s extraordinary market sell-off. Based on data from NFT Price Floor, the floor prices for Bored Ape Yacht Club (BAYC) and CryptoPunks, two of the most popular nonfungible token, or NFT, collections on the market, have fallen to 74 ETH ($92,223) and 48 ETH ($69,473), respectively. In comparison, pieces in the BAYC collection had an all-time high floor price of 153.70 ETH, while the same metric amounted to 123 ETH for CryptoPunks. The data aggregator tracks 380 collections with a total market cap of $5.58 billion at the time of publication.The sell-off among NFTs was partly exacerbated by a warning just a day prior, where Gordon Goner, co-founder of Yuga Labs — the firm owning both BAYC and CryptoPunks collections — issued a warning regarding an “imminent” attack on social media accounts operating under the firm’s umbrella.The incoming attack allegedly has the support of an insider from Twitter who would help bypass the security of the accounts. Yuga Labs’ social accounts had been compromised three times already this year, some of which involved sophisticated phishing attacks that drained millions of dollars worth of users’ NFTs. Meanwhile, according to DappRadar, the number of users on OpenSea.io, the largest NFT marketplace by volume, has fallen 14% in the past month. Simultaneously, monthly trading volume fell 65% to $500 million. Interestingly, the number of transactions increased month over month by 6.4%, possibly due to the sheer number of users seeking to sell their NFT collections at a better price. 

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Nifty News: Kraft Foods files for NFT and Metaverse patents, Seth Green gets his ape back, and more…

American food manufacturing and processing giant Kraft Foods Group has filed NFT and Metaverse patents for several of its popular brands. The firm joins a host of mainstream companies such as Gatorade, Nike, Adidas, and Coca-Cola that have moved to secure their products and branding in the crypto/virtual sphere. According to a June 13 Tweet from United States Patent and Trademark Office (USPTO) licensed trademark attorney Mike Kondoudis, Kraft Foods has locked in trademarks for Jell-O, Kool-Aid, Velveeta, Lunchables, Oscar Mayer, Philadelphia, and of course the Kraft brand. The firm’s NFT and Metaverse trademarks cover a long range of potential services and products including a virtual restaurant where users can earn rewards and virtual assets, virtual food and drinks, NFTs and NFT-backed media, and marketplaces for virtual goods and NFTs. Kraft Foods has filed trademark applications for ▶️ KRAFT▶️ JELL-O▶️ KOOL-AID▶️ VELVEETA▶️ LUNCHABLES▶️ OSCAR MEYER▶️ PHILADELPHIAcovering✅NFTs, NFT-backed media + Digital tokens ✅NFT Marketplaces ✅Virtual restaurants, foods + drinks #NFT #Metaverse #Web3 #Crypto pic.twitter.com/Nu42rkw04I— Mike Kondoudis (@KondoudisLaw) June 13, 2022At this stage, it is unclear if Kraft will look to roll out any virtual offerings or promos soon, or if it is just looking to lock trademarks ahead of time. One of its brands already made a small play last year, however, with the beloved hot dog manufacturer Oscar Mayer auctioning off a pack of Dogecoin-themed “Hot Doge Wieners” via eBay in August 2021 that came with 10,000 free Dogecoins (DOGE). Seth Green reunited with his apeSeth Green has finally been reunited with the Bored Ape Yacht Club (BAYC) NFT that was swiped from him via a phishing scam, with the Hollywood actor and Robot Chicken co-creator stating that Ape #8398 “is home.”After Green initially had his NFT stolen a month ago, the scammer sold it to user “DarkWing84” for 106.5 ETH or $144,000. Green immediately reached out to the buyer to sort out a deal online, with the NFT which he named “Fred Simian” having particular importance as its underlying IP is being utilized to create an animated cartoon show. It appears there must have been a lengthy negotiation process as the NFT didn’t get back to the actor until late last week. As the NFT was locked and unable to be purchased on OpenSea due to it being stolen, Green paid 165 Ether (ETH) worth roughly $224,300 at the time of writing via crypto escrow platform NFT trader to get his token back, suggesting he paid tip of nearly 60 ETH to Darkwing84 who returned the NFT in good faith. Jim Carrey tokenizes original artwork for charitable causesIconic actor and comedian Jim Carrey is auctioning off an original tokenized art piece dubbed “Sunshower” via SuperRare, with all proceeds going to a nonprofit that supports food banks across the U.S. called Feeding America. Apart from being known across the globe as a comedic actor, Carrey is also a respected artist who creates anything from physical paintings and illustrations to fully animated pieces. Related: Pennsylvania pharmacist feeds thousands of homeless using cryptoThe Sunshower NFT depicts an animated version of a vibrant acrylic canvas painting in which rain and bright color washes over a man’s face, with a spoken-word piece being played in the background. At the time of writing the auction has one and half days to go, with the highest bid so far totaling 42.35 ETH or roughly $57,500. I’ve been both blessed and cursed in this life with a vivid imagination and a burning desire to share my peculiarities and inspirations with you. This little mood enhancer is called Sunshower. I hope this NFT does for you what it did for me… weeeeeeeee! https://t.co/vdiwD9v0rd— Jim Carrey (@JimCarrey) June 9, 2022

NFT trading volume plungesAccording to NFT data aggregator CryptoSlam, four of the top five blockchains in terms of sales volume have seen double-digit drops over the past seven days. Within that time frame, trading volume on industry leader Ethereum is down 28.85% to $176.5 million, while second-placed Solana has also seen volume drop 13.71% to $24.9 million. The biggest losers over the past week are third-ranked Binance Smart Chain and fifth-ranked ImmutableX with a whopping 46.59% and 58.63% plunge to account for $4.1 million and $1.3 million worth of volume a piece. The only blockchain in the top five not to net yet hit a double-digit drop is the Flow network which has taken a 9% to account for $3.1 million worth of NFT sales volume. Other Nifty NewsGordon Goner, the pseudonymous co-founder of Yuga Labs, issued a warning on June 11 about a possible incoming attack on their social media accounts under the Yuga Labs umbrella after receiving “credible information” that an insider from Twitter would help bypass the security of the accounts.Global payments tech giant Mastercard has partnered with a number of leading NFT marketplaces to allow 2.9 billion cardholders to directly make NFT purchases without buying crypto first.

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Nifty News: ‘Blue-chips’ halve in value, free-to-mint Goblintown NFT volume surges

“Blue-chip” nonfungible token (NFT) collections have seen their floor prices and market capitalization slide over the past 30 days, with some of the most well-recognized projects halving in value for these key metrics.Data collected on key Ethereum NFT projects by DappRadar shows the floor prices of established collections such as CryptoPunks, Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC) and Moonbirds are at most down around 55% over 30 days.The MAYC is the worst off of the four, with the floor price diving 55% to 16.7 Ether (ETH), or $31,300 at the time of writing. The more popular BAYC has fallen over 47% to 86.7 ETH, or $163,000, and CryptoPunks by almost 49% to 45 ETH, $85,000.The only collection to gain in the month was Moonbirds, up 22% with a 19.6 ETH floor price, roughly $37,000 at the time of writing.While the floor price for Moonbirds may be up, its market cap has fallen 55% to $368 million. The others have also tumbled, with the biggest losses being the MAYC, down over 71% to under $610 million, while BAYC and CryptoPunks were down 62% and 51%, respectively.Despite the falling metrics, the collections still continue to dominate the top NFT sales over the past 30 days, with the most expensive being a BAYC NFT sold for 410 ETH on May 5, worth about $1.2 million at the time.Free-to-mint collection tops chartsA free-to-mint NFT collection called Goblintown launched on May 22, now commands a nearly $50 million market cap and is in the top 30 NFT collections.Despite the website stating that the NFTs have “No roadmap. No Discord. No utility,” Goblintown is in second place for volume over the last seven days at nearly $23 million, according to DappRadar, beating out collections such as Otherdeeds and the Bored Ape Yacht Club.The collection features 9,999 goblins, which debuted without any real marketing, fanfare or the usual hype-building for an NFT project. The team behind Goblintown is not known and often post seemingly nonsensical and crude tweets from the official Twitter account.ₐₐₐᵤᵤᵤᵤgggg ₙᵤₘbᵤᵣ ₒₙₑ pic.twitter.com/eLGl6ASJXI— goblintown.wtf (@goblintownwtf) May 22, 2022Despite all of these factors, the floor price of the collection was 2.7 ETH, or around $5,000, on NFT marketplace OpenSea at the time of writing. The most expensive NFT sold from the collection has fetched a price of 69.4 ETH, or about $130,000.Imagine working on a NFT project for months, setting up collabs with the biggest projects/alpha groups, getting 200K followers engagement farming WL spot giveaways, then after mint everyone bricks the floor under mint pricegoblintown: free mint, no collabs, no WL, no discord pic.twitter.com/bMiJoWufyg— ashrobin (@ashrobinqt) May 22, 2022

Nike scoops ENS domainRTFKT, pronounced “artifact,” the Web3 arm of sportswear and sneaker giant Nike, has added an Ethereum Name Service (ENS) domain to the company’s repertoire, purchasing “dotswoosh.eth” for 19.72 ETH, about $37,000 at the time of writing.Related: NFT 2.0: The next generation of NFTs will be streamlined and trustworthyWhile it’s unclear what use Nike will put the domain to, the company has been investing in Web3 through the creation of multiple sneaker-based NFT collections with RTFKT, and has defended its claim to the space, taking a reseller of Nike NFT sneakers to court.The purchase of this latest ENS domain brings the total owned ENS domains by the company to ten.More Nifty NewsThe popular move-to-earn NFT game STEPN has banned users in China from its app to adhere to Chinese regulations. Mainland Chinese users make up 5% of the platform’s overall user base and STEPN’s founder has said the move will not have a significant impact on the firm’s finances.The community for a Solana-based NFT game has dished out payback to a scammer after the developer of the game raised royalties to 98% on a batch of NFTs stolen in a Discord hack phishing scam. Community members bought back the NFTs to return them to their original owners while the hacker made a measly 2% on each sale.

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OpenSea launches 'Seaport' ​​marketplace protocol allowing NFT bartering

Nonfungible token marketplace OpenSea has announced the launch of a Web3 marketplace protocol for “safely and efficiently buying and selling NFTs.”In a Friday blog post, OpenSea said the marketplace protocol, dubbed Seaport, will give users the option to obtain NFTs by offering assets other than just payment tokens like Ether (ETH). According to the platform, a user “can agree to supply a number of ETH / ERC20 / ERC721 / ERC1155 items” in exchange for an NFT, implying bartering a combination of tokens as a method of payment. In addition, SeaPort users can specify which criteria — e.g. certain traits on NFT artwork or pieces part of a collection — they want when making offers. The platform will also support tipping, as long as the amount does not exceed that of the original offer. “OpenSea does not control or operate the Seaport protocol — we will be just one, among many, building on top of this shared protocol,” said the NFT marketplace. “As adoption grows and developers create new evolving use-cases, we are all responsible for keeping each other safe.”Introducing Seaport, a brand new web3 marketplace protocol for safely and efficiently buying and selling NFTs.With an emphasis on flexibility and optimizations, Seaport has been built to support new and evolving use-cases for where NFTs are heading.https://t.co/3lUQIQm0km— OpenSea (@opensea) May 20, 2022Some on social media seemed to express confusion over concepts in the new marketplace protocol. Twitter user EffortCapital called for others to investigate how Seaport compared to 0x v4 NFT swaps, while user phuktep questioned how trading both NFTs and ETH for a single token would be declared on tax forms. So with seaport you can offer an NFT for an NFT… essentially bartering? If I’m understanding correct.Say I want to purchase a Bored Ape I could offer 30 ETH a Mutant and a Cool Cat instead of just purchasing it via opensea?— Cloud (@CloudNFT_) May 20, 2022

Related: 5 NFT marketplaces that could topple OpenSea in 2022The launch marketplace protocol followed OpenSea announcing in April it had acquired NFT marketplace aggregator Gem, aiming to improve the experience of seasoned users. The platform said at the time that Gem would operate as a stand-alone product, with OpenSea planning to integrate Gem features including a collection floor price sweeping tool and rarity-based rankings.

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Nifty News: Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal and more

Popular trading platform Robinhood is creating a noncustodial crypto wallet that will be compatible with multiple blockchains.The wallet will be a standalone application with the ability to store nonfungible tokens (NFTs) and connect to NFT marketplaces. A promo video released for the wallet shows a demonstration using Ethereum-based NFTs. Trade and swap crypto with no network fees. A web3 wallet from us. Get early access: https://t.co/qonXj80BEB pic.twitter.com/qLjByPA4ty— Robinhood (@RobinhoodApp) May 17, 2022The app is a significant step for the company in providing crypto services. Prior to January 2022, trading crypto on Robinhood was a closed system with users unable to withdraw cryptocurrency.On Jan. 21, Robinhood opened up crypto withdrawals to 1,000 users, allowing them to send crypto off the platform. That number was later expanded in April to the more than 2 million users on a waitlist.Currently, the wallet is limited by an identity verification process and only supports seven assets: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ether (ETH), Ethereum Classic (ETC) and Litecoin (LTC).LimeysLimeWire, a peer-to-peer (P2P) file-sharing website from the early 2000s whose brand is now owned by an NFT marketplace, has secured a deal with Universal Music Group (UMG) for artists to launch NFT projects.In a statement, UMG said the deal would allow its artists to offer NFTs featuring content such as audio recordings, bonus tracks, backstage footage, images and other exclusive material to sell to fans or collectors.As part of this new partnership, UMG artists can now offer audio recordings, audiovisual content, backstage footage as well as other artworks as NFTs on the @LimeWire marketplace and sell them directly to fans and collectors in a safe and trusted environment. https://t.co/oshxryaRAe— Universal Music Group (@UMG) May 17, 2022

Holger Christoph, UMGs senior vice president of digital business for Central Europe of UMGs, said that the company is “fully embracing the exciting Web3 space” and will work to create projects with “real utility.” The partnership sees the LimeWire brand come full circle, as during its P2P heyday, it was a target for music labels due to users illegally sharing copyrighted content. The original platform was eventually taken down in 2010 after losing a court battle against the Recording Industry Association of America.In March 2022, the brand made a comeback as an NFT marketplace focused on the music industry. Brothers Paul and Julian Zehetmayr bought the rights to the name so it would return “as a platform for artists, not against them.”Okay Bears knock-off tops OpenSea, gets delistedThe popular NFT project Okay Bears, the first Solana NFT collection to top the 24-hour rankings on OpenSea, has inspired a knock-off Ethereum-based collection dubbed Not Okay Bears.Not Okay Bears are flipped images of the 10,000 original versions and briefly surpassed the 24-hour volume of the original collection on OpenSea. DappRadar shows over $3.2 million in volume over the last 24 hours.The collection was delisted by OpenSea on Tuesday likely due to the platform’s updated policies on collections that imitate others.More Nifty News:Linktree, the popular app used across social media to showcase a link directory, has launched support for NFTs through a partnership with OpenSea so that users can showcase an NFT gallery and profile picture and allow for crypto wallets to connect to a user’s Linktree profile.The Sandbox metaverse has partnered with South Korean entertainment firm Studio Dragon to develop a Korean drama series within the Sandbox metaverse; Studio Dragon will mint new NFTs for the collaboration.

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