NFT Review 77 - Grand Theft Crypto
NFT Review 77 - Grand Theft Crypto
NFTs worth $1.1m stolen, Porsche NFTs flop, Doodles moving to Flow, 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,
According to a DappRadar report, NFT sales reached a staggering 101 million in 2022, proving that despite the bear, the NFT market is on an upward trajectory. However, with this growth comes new challenges. The recent loss of $1.1 million in NFTs by Moonbirds creator Kevin Rose, as well as the $758K theft from Azuki's Twitter account in just 30 minutes, highlight the need for increased caution and security in the NFT market.
Although it is easy to succumb to fear after reading news like these, we mustn’t let that stop us from continuing to drive innovation and push the boundaries of what is possible with NFTs. That said, we should allow that fear to drive us to take the necessary steps to protect our ‘investments’. To protect your NFTs, it is crucial to establish good wallet security habits. These include:
Using a secure, reliable NFT wallet service.
Keeping your private keys and seed phrases private and secure.
Regularly checking your transactions and balances to ensure there are no unauthorized activities.
Keeping your software and operating system up to date with the latest security patches.
Avoiding phishing scams by verifying the source of any requests for personal information.
By being proactive and responsible, we can safely (as can be reasonably managed) participate in this growing and exciting industry.
Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Kusama & Polkadot
Manta Network will host a Twitter Space with RMRK on 1st February to talk about building in Polkadot and the experience working together to deliver NFTs to Manta Trusted Setup participants.
Reminder: Ethereum developers can now build advanced NFT products with RMRK on EVM. Review the documentation to get started.
Curious about the Evrloot story (both in-game and in reality)? Check out this tweet thread.
Veil of Time launched an in-game shop where players can trade their VoT NFTs.
🗞 NFT News from Ethereum and Beyond
Can you get a refund on Porsche, yuga or other NFTS? It depends.
Firm taps NFTs to token gate bars and bathrooms at Mardi Gras.
How the Porsche NFT drop crashed and burned.
Steven Soderbergh presented a blockchain award to NFT-funded film Calladita.
Yuga Labs co-founder to take leave of absence due to health reasons.
Ordinals protocol sparks debate over the place for NFTs in the Bitcoin ecosystem.
NFT collector sues OpenSea for locking account after being scammed.
Nifty Gateway co-founders resign amid Gemini woes.
Floor, the NFT price tracker service, acquired NFT analytics platform WGMI.io.
owl.eth introduced the Guardian Contract, a way to lock NFTs from being stolen.
Doodles announced plans to 1) acquire animation studio Golden Wolf and 2) migrate its upcoming Doodles 2 collection to Flow.
Pudgy Penguins launched support for cross-chain bridging Lil Pudgys.
RARE SCRILLA and other Pepe artists are launching Fake The Memes of Production, a dank satirical spinoff of Punk 6529’s The Memes.
Folia hosted the mint for Joan Heemskerk’s CABLE, a collection of 545 on-chain SVGs representing the undersea fiber-optic cables that underpin much of the internet.
RAC released Sonhar, a limited-edition song.
Sound rolled out support for open edition (OE) mints.
Axie Infinity published its January Dev Update and introduced the Budget Axie Challenge.
Sorare rolled out a new Capped Mode competitions.
Decentraland is hosting a Film Club 2023 contest to field 30-second videos showcasing its virtual world.
underground on how to trade NFTs based on market momentum.
Ian Rogers on security tips for Ledger hardware wallet users.
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!