Clever newsletter, from August 31 to September 6

In this week non-fungible token (NFT) newsletter, learn about OpenSea and its commitment to the Ethereum merger. Learn about a project ...



In this week non-fungible token (NFT) newsletter, learn about OpenSea and its commitment to the Ethereum merger. Learn about a project that aims to introduce Web3 to the opera scene and how ENS domains overtook Bored Apes in transaction volume. In other news, Find out how Rug Pull Finder’s NFT giveaway was exploited. And don’t forget this week’s Nifty News roundup of how American actor Bill Murray’s portfolio came under attack after his NFT crash.

OpenSea says market won’t support NFTs after merger

The NFT platform OpenSea has announced that it will not support NFTs on Ethereum forks until the next merger. The market noted that it will only focus on supporting NFTs on the updated Proof-of-Stake (PoS) blockchain.

The team pointed out that if there are forked NFTs, they will not be reflected in its market. Additionally, the team mentioned that they are preparing for any potential issues that may arise due to the merger.

Continue reading…

NFT micro-philanthropy gives a new voice to opera

Blockchain made its way to opera through a project called Living Opera, which focuses on combining Web3 technologies with classical music. The project aims to provide a new way for opera singers to skip traditional processes such as seeking grants and endowments.

In an interview, project CEO Soula Parassidis told Cointelegraph that they also released the Magic Mozart NFT collection to pay homage to a dice game to randomly generate music attributed to influential composer Wolfgang Amadeus Mozart.

Continue reading…

Ethereum Domain Names Dominate Bored Apes on OpenSea Weekly Chart

Ethereum Name Service (ENS) domains have surpassed the popular Bored Ape Yacht Club (BAYC) NFT Collection in seven-day trading volume on the OpenSea NFT Marketplace.

The daily trading volume of the project also increased by 120.7 Ether (ETH) at 1044.6 ETH and the price of ENS increased by 167% as the volume increased. Currently, there are more than 2 million ENS listings in the NFT market.

Continue reading…

NFT Rug Pull Finder Watchdog Gets His Own Exploited NFT Gift

The NFT watchdog that pledged to identify Web3 fraud had its NFT giveaway exploited, allowing two attackers to mint 450 NFTs instead of one per wallet. The team admitted that the exploit was due to a flaw in their smart contract which was reported by an anonymous source 30 minutes before the mint went live.

To remedy the situation, the Rug Pull Finder team offered one of the hackers a bounty of 2.5 ETH in exchange for 330 of the NFTs, and the attacker accepted the trade. Ironically, the free NFT mint was titled Bad Guys and depicted the works of scammers running amok on the blockchain.

Continue reading…

Nifty News: Bill Murray’s Wallet Hacked, Token FIFA Highlights, Muse Tops Charts and More…

US actor Bill Murray’s NFT drop was stolen by hackers, taking 110 ETH out of the total 119.2 ETH generated by the charity effort. Luckily for Murray, his wallet security team was able to prevent exploiters from taking his other NFTs. Meanwhile, FIFA has begun following in the footsteps of the NBA Top Shot NFT Collection by announcing a project that symbolizes in-game highlights as digital collectibles.

Continue reading…

Thanks for reading this roundup of the week’s most notable developments in the NFT space. Check back next Wednesday for more reports and information on this evolving space.