NFT Review 58 - $100M stolen through NFTs
NFT Review 58 - $100M stolen through NFTs
Enjin's Unreal Enjine SDK, Uniswap eyes NFT financialization, new Yuga Labs licensing agreement, and more
NFT Review is a weekly newsletter covering NFTs in the Web3 ecosystem on Polkadot’s side of the woods. The newsletter is put together by Bruno Škvorc and gbaci.
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Looking for a primer on NFTs? This should be the last introduction you’ll ever need.
Dear NFT enthusiast,
Cryptocurrency risk management firm Elliptic released its NFTs and Financial Crime report stating that more than $100M worth of NFTs has been stolen in the 13 months from July 2021 to July 2022. The firm reported that although the market downturn had caused the value of NFTs to “slump,” scammers stole an estimated 4,647 of the tokens in July 2022.
It is sad to see so much value lost through theft. The best way to stay safe is to know all the ways you can be scammed and what to do to protect yourself. RMRK published a new security guide to help you better stay safe. Here are some tips from the guide on how to protect yourself:
Never share your private key or seed phrase with anyone.
Use strong and unique passwords along with multi-factor authentication whenever it’s available.
Always check that the DM you’ve received is legitimate.
Review the transaction history of NFTs. Be wary of NFTs with transactions in one day.
Never click a link that promises freebies or requires you to answer quickly. And if you’re tempted to do so, check first the origin of the link. This applies even more on Discord.
Watch the bids. Before accepting any bid, be sure to double-check the currency. Don't accept anything lower than expected.
Use reputable NFT exchange markets. Don't believe offers that sound too good to be true.
Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Kusama & Polkadot
RMRK released new videos explaining its Multi-Resource lego and Why NFT Adoption is Struggling.
Unique Network published a video on advanced NFT applications like sponsoring, nesting, bundling, and refungibility.
Following the recent Statemine runtime upgrade, you can now trade Statemine NFTs on Singular.
RMRK Roundtable returns next Monday with a conversation around its new partnership with Gear Technologies.
Check out this tweet thread to learn more about the type of landowners in Skybreach.
Unique announced the winner of its Punks for the People contest and the launch of a new contest.
Enjin’s Co-Founder & CTO was on Nasdaq’s Trade Talks to discuss unlocking the blockchain gaming market opportunity.
Enjin also announced its first Unreal Engine SDK.
Bit.country is gearing up for the release of Pioneer features in its metaverse-creation ecosystem.
🗞 NFT News from Ethereum and Beyond
M&M’s jump into BAYC mania.
Miley Cyrus files metaverse-related trademarks.
Telegram founder suggests “NFT-like smart contracts" to auction usernames.
Uniswap eyes NFT financialization, in talks with lending protocols.
Beijing announces two-year Metaverse innovation and development plan.
Iconic brands including Nike, Gucci have made $260M off NFT sales.
NFT lending protocol Bend DAO proposes emergency changes amid credit crisis.
Metaverse is a key factor in long-term NFT success, says new research.
Fractional rebranded to Tessera and announced a $20M Series A raise.
TreasureDAO hired Anonymice creator MouseDev to its Bridgeworld team.
Unlock Protocol unveiled new monetization options for its users.
Zora and Connext rolled out Lanyard, an open-source tool for creating universal NFT allowlists.
CrypToadz are now completely on-chain.
Rally is offering fractional ownership of Noun #160.
Yuga Labs published the new CryptoPunks and Meebits licensing agreements.
Art Blocks unveiled its newly structured Curation Board, whose luminaries include Anne Spalter, Casey REAS, Dmitri Cherniak, Micol Ap, and beyond.
Axie Infinity launched Origin Portal minting for Ronin Runes and Charms.
The Forgotten Runiverse fantasy MMO is slated to launch in the first half of 2023.
Coopahtroopa announced the first artists accepted to his Music NFT Launchpad program.
Aelin, a deal coordination protocol on Optimism, activated NFT-gated pools.
Arcade, an NFT borrowing and lending protocol, launched its V2 system.
Watch the latest episode of Overpriced JPEGs where IP Lawyers Answer Your Questions about NFTs.
That’s all for this week, see you in the next edition! Got some links to share with us, artists to feature, NFTs to sell, jobs to promote, or events to popularize? Get in touch with Bruno or gbaci!
Great Content!!
Great content !!!