NFT Mania

April 25, 2022

Almost $13 Million Worth of NFTs Stolen From BAYC

Today, the Instagram account and Discord channel of one of crypto’s biggest NFT projects, the Bored Ape Yacht Club ($BAYC.NFT), was hacked.

“There is no mint going on today. It looks like BAYC Instagram was hacked. Do not mint anything, click links, or link your wallet to anything,” it tweeted.

The Discord channel’s moderator warned users: “THERE IS A FAKE LAND MINT WEBSITE BEING SHARED BY THE BAYC IG. DO NOT MINT ANYTHING.”

It all started when a fraudulent “mint” link was sent to followers, saying that users could mint “land” in the upcoming metaverse project, OthersideMeta, which is due to launch this month. Hackers accessed the wallets of those who clicked the link, transferring a number of Bored Apes and Mutant Apes to new wallets. According to OpenSea transfers, 24 Bored Apes and 30 Mutant Apes, worth approximately $13.7 million, have been stolen so far. 

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NYSE’s Latest Trademarks Suggest a Future in Digital Assets

February 16, 2022

NFT and DeFi worlds have been plagued by hacking in the past few months. The biggest attack was on the Ronin network, in which hackers stole $650 million. Bored Ape Yacht Club is not new to hacking. Earlier this month, the official Discord channel of Bored Ape Yacht Club was hacked as part of a phishing scam. The attackers asked users to click on a link to “mint” a fake NFT by sending ETH. 

A number of people complained about being victimized by today’s scam, calling it fraud. It’s crucial to resolve the incident, as well as to find out how the Instagram account was compromised. The Yuga Labs team is reportedly working on it. 

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NFT Mania

May 4, 2022

Are NFTs in Decline? Here’s Two Takes.

Two recently-published articles offer a glimpse at two sides of a debate about the health of non-fungible tokens (NFTs) as an asset class.

The first of these pieces, “NFT Sales Are Flatlining”, was published in the Wall Street Journal yesterday. It represents an alarmist take on the health of the marketplace. A response piece published hours later in Cointelegraph offers a more optimistic take with different data.

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NFT Mania

July 1, 2021

FREE NFTs!!!

Social media is no stranger to NFTs. Twitter and Reddit are riding the wave at the moment. 🌊

Recently, Twitter gave away 140 free NFTs through Rarible, a marketplace. Twitter posted seven tweets yesterday showing off the digital art— 20 copies of each going for $0. The pieces were titled “Furry Twitter,” “Vitamin T,” and “Reply Guy,” to name a few.

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NFT Mania

March 14, 2022

Now You Can Buy Lazy Apes and Strange-Looking Humans On One Platform

Two monoliths of the NFT ecosystem – CryptoPunks ($PUNKS.NFT) and the Bored Ape Yacht Club ($BAYC.NFT) – will now be owned and operated by the same company. 

Yuga Labs, the company behind the Bored Ape Yacht Club, has acquired the CryptoPunks and Meebits from developer Larva Labs. While the merger is historically significant, it will create a small “cultural monopoly” in Yuga Labs, which will now own two of the world’s largest, and most important, NFT collections.

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NFT Mania

February 28, 2022

After Raising $70 Million Pixelmon’s First Look Disappoints Buyers

Pixelmon, a highly anticipated NFT-based gaming project raised $71.4 million through an NFT sale. The founder of the project, Syber, called it “the next blue-chip” and encouraged people not to do their own research. 

Unfortunately, if they took Syber’s word for it, they’re probably very upset now. One of the first previews of the Pokemon plagiarism has angered investors. In fact, it’s considered a resounding failure – and might soon be the subject of class-action lawsuits. 

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NFT Mania

February 23, 2022

Theft of $1.7 Million in NFTs On OpenSea Leads to a Lawsuit

A lawsuit has been filed against OpenSea, one of the leading Ethereum-based NFT marketplaces, after the company reportedly was the subject of an attack that resulted in millions of dollars worth of non-fungible tokens being stolen over the weekend. At least 17 OpenSea users noticed that their NFTs were missing, prompting panic to erupt on the platform.

According to blockchain security service PeckShield, 254 tokens were stolen over the course of the attack, including tokens from Decentraland and Bored Ape Yacht Club ($BAYC.NFT).  

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NFT Mania

June 6, 2022

Kanye West Applies For Yeezus Brand Blockchain Trademarks

Kanye West once famously told his fans that his focus was on building “real projects in the real world.” A post made on his Instagram some months ago indicated he had no interest in doing a “f***ing NFT”, pouring water on hopes that the hip-hop and rap icon would make a move in the world of web3.

However, one of the scene’s most innovative faces might be changing tune. A new trademark application for his Yeezus brand, filed May 27, was done so in a peculiar category: “blockchain-based non-fungible collectibles, assets, currencies and tokens” and “online retail store services featuring downloadable movies, videos, television, music, entertainment, digital art.”

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NFT Mania

April 11, 2022

Pudgy Penguins Dive Into the NFT Sea With New Hope

The Pudgy Penguins ($PUDGYPENGS.NFT) project is now under new leadership after closing its successful 750 ETH ($2.5 million) sale. A group led by Pudgy Penguins holder and Los Angeles-based entrepreneur Luca Netz will helm the new leadership by purchasing the whole project, as well as the royalty rights from its four co-founders. By controlling the project, the buyers’ group will be able to launch a token and send airdrops to other NFT holders, among other rights.

The new sale might breathe some life into Pudgy Penguins NFT, whose story is full of drama and tragedy. It made headlines last summer due to its unique collection of 8,888 chubby Antarctic creatures with different types of crowns, hats, and bow ties. Soon the project became one of the most successful NFT collections, raking in over 45,400 ETH in sales on OpenSea, which is approximately equal to about $136 million at today’s $ETH.X prices. 

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