NFTs

In a move that may help drive adoption of its browser extension crypto wallet, Coinbase (the U.S.-based crypto exchange) announced that Coinbase Wallet has been upgraded to include support for NFTs (non-fungible tokens). Binance, the world’s largest crypto exchange, already supports an NFT marketplace and, in October, announced support for multi-chain NFT deposits and withdrawals. Continue Reading →

A hacker exploited the Polygon-based Vulcan Forged NFT Marketplace and got hold of the private keys from 96 crypto wallets, which enabled the hacker to steal 4.5 million PYR tokens (worth about $140 million). According to crypto.com, Vulcan Forged's PYR token is down 12% this morning. Continue Reading →

My MetaMask Chrome Extension Wallet was hacked. The ETH is gone forever. Even though I can clearly see that address of the wallet that stole it, there's nothing I can do to get it back. I'm just writing this blog post as a warning for anyone who thinks keeping more than a few hundred dollars in a "hot wallet" is a good idea. I always keep a small amount of ETH in my MetaMask wallet to buy virtual goods and NFTs and game tokens, etc. I have been aware that the wallet was vulnerable to attack, but this hack is remarkable. They must have figured out my password – which is hard to do. Here's a chronicle of the events. I'll keep it updated. Continue Reading →

You know how to amass a $1 million fortune investing in NFTs? Start with $5 million. If you are trying to “get rich quick,” stop reading now. There’s nothing here for you. If, on the other hand, you want to dig a little deeper into the most popular use cases for NFTs and the transitional technologies empowering web 3, read on. Continue Reading →

In the spirit of The Pirate Bay, a popular piracy site from the past, Geoffrey Huntley has created The NFT Bay: a repository containing 15 terabytes of JPEGs (NFT images). Continue Reading →

Regarding NFTs, Phil Spencer, Microsoft’s head of gaming, told Axios, "I think there's a lot of speculation and experimentation that's happening, and that some of the creative that I see today feels more exploitive than about entertainment." Continue Reading →

This case is a metaphor for the entire decentralized movement. No matter how it ends, contracts for copyrighted works will never be the same. Continue Reading →

CoinTelegraph is reporting that Google searches for "NFTs" are at record highs. It’s a headline that should not surprise anyone. The question: Where are we in the hype cycle? Continue Reading →

While reading this story on vice.com about Universal Music Group (UMG) -- the powerhouse label that represents Lady Gaga, Ariana Grande, and Jay-Z -- forming an NFT band made up of cartoon ape JPEGs “owned” by some guy, it has become clear that the NFT hype bubble has inflated beyond anyone's wildest expectations. Continue Reading →

During an upgrade to the Compound platform, a bug caused the system to transfer close to $90 million in COMP (their cryptocurrency) to random users. In a desperate tweet, Compound’s CEO begged the users to give the money back. He threatened to dox the users. (That’s a slang term for making user identities public or, in this case, reporting them to the IRS.) Then offered a 10 percent reward for “doing the right thing.” Continue Reading →