OpenSea hacked in massive phishing scam, losses reported at $1.7 million
What are NFTs
February 25, 2022Key Takeaways
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- Artist Shl0ms destroyed a Lamborghini Huracan as a protest against greed in cryptocurrencies. This sports car is worth roughly $250,000 and its charred parts are being minted as an NFT collection of 999. The Lamborghini Huracan was chosen because it represents the get-rich-quick scheme allegedly used by crypto investors.
- Jupiter Meta launched as India’s first fully curated NFT marketplace, growing in the Web 3.0 Space. Jupiter Meta has a focus on film, music, and gaming, co-founded by Sathyan Rajan and Charadkhar Reddy Kommera.
- NFT marketplace giant OpenSea has been attacked by hackers, who stole NFTs from BAYC and Decentraland. Over 254 tokens were stolen from 32 users without any kind of payment needed. This happened due to a loophole in the Wyvern Protocol, the foundation of most NFT smart contracts. Losses reportedly reached $1.7 million.
Highlights
- NYSE moving closer to NFT trading, developing their own app for it.
- MultiNFT launches $MNFT utility token and set up a nightclub in Decentraland.
- Robin Williams Honored with an NFT collection from a collaboration between son Zak Williams & Jesus Martinez.
- NFT Marketplace LTD.INC to collaborate with denim brand Wrangler on NFT collection.
- Snoop Dogg collaborates with Blockchain platform Gala Games for a music project.
- Andy Parker turned his daughter’s murder into NFT video.
- Congolese artists mint Colonial-era sculpture NFT, prompting backlash from the museum.
- Texas NFT owner sued OpenSea after stolen BAYC NFT from phishing scam, reports $1M in losses
- OpenSea’s trading volume decreases after cyber attacks.
- Experts believe India could become the next hub for NFTs.
Top Artists
The following table shows top artists (by primary sales volume on each platform) and their art samples.
Invisible Friends by RandomCharacterCollective. 7-day sales volume: ETH 11,317.34
Invisible Friends is a collection of 5000 animated invisible characters by Markus Magnusson.
Tubby cats by tubby collective. 7-day sales volume: ETH 12,551.41.
3Landers by 3L-Deployer. 7-day sales volume: ETH 15,255.67
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