NFT Review 96 - Crypto's white knight under attack
NFT Review 96 - Crypto's white knight under attack
NFT game on Epic Games store, Nike teases NFT sneaker in Fortnite, Ordinals meet Ethscriptions, 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,
Today’s introduction is slightly different, consider it a call to action. ZachXBT, popularly known for his in-depth and fact-laden exposure of crypto and NFT scams, has been sued by MachiBigBrother (Jeff Huang) for an article Zach published in June 2022. The article titled ‘22,000 ETH Embezzled and Over Ten Projects Failed: The Story of Machi Big Brother (Jeff Huang)’ featured an extensive overview of Machi’s history in the crypto space including the embezzlement of 22,000 ETH from Formosa Financial and the launch of over ten failed pump and dump tokens and NFT projects.
In a tweet thread, ZachXBT asked the crypto community to help him with the legal cost of this suit using NFTs. He wrote:
“Today Machi filed the defamation lawsuit. The lawsuit is baseless and an attempt to chill free speech. I intend to fight back & defend free speech…My understanding is that Machi is very wealthy. I am not. He is using his money to try silence me. I’m asking for your help so this doesn’t happen & the truth survives…I am creating a donation address to assist with legal costs associated with the defense of this matter, which could easily exceed $1m USD. All leftover funds will be returned on a pro rata basis to contributors…Donation wallet address ETH: 0x6eA158145907a1fAc74016087611913A96d96624”
Silencing voices like ZachXBT threatens the transparency and accountability in the crypto and NFT space, potentially enabling unchecked malpractices, scams, and lack of information that could harm investors and overall community trust. This undermines the potential for a self-regulated, fair, and sustainable ecosystem in the decentralized world. If you care about the healthy self-regulation of the crypto and NFT space, then you should consider helping out Zach.
Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Polkadot & Moonbeam
Singular hosted a Twitter Space dubbed Artists, Art, & NFTs 2.0.
Evrloot is auctioning off houses in Trakan (the city where the RPG game takes place) using GBM auctions on Singular. Bidders get rewarded when they are outbid.
Web3 charity Teddy DAO is raising money through daily NFT auctions on Moonbeam.
Season 5 of Zoo DAO's epic NFT Battles is live.
Moonbeam hosted a Twitter Space featuring conversations with various NFT builders in its ecosystem including Evrloot, Zoo DAO, and GLMR Apes.
Moonbeam also hosted a webinar on Navigating the Web3 Era of Gaming.
🗞 NFT News from Ethereum and Beyond
German intelligence service launches dog-themed NFTs to fetch cyber talent.
Immutable’s Gods Unchained launches on Epic Games Store.
Polygon co-founder proposes zkEVM ‘validium’ upgrade to improve security.
Czech automobile conglomerate Škoda Auto launches NFT platform.
Nike teases upcoming ‘Airphoria’ NFT sneaker hunt on Fortnite.
Sotheby’s auctions off Dmitri Cherniak’s ‘The Goose’ NFT from 3AC collection for $6.2M. Buyer 6529 posted a thread on his reasoning.
Zora launches layer-2 NFT network to battle Ethereum gas fees.
Slim Jim gives away free 'GigaJims' NFTs.
$95K CryptoPunk NFT burned by Bitcoin Bandits, revived as Ordinals inscription.
Beeple says it's time to delete your JPEGs—here's why.
Twitch's new favorite game 'Only Up' is loaded with Goblintown NFT art.
Yuga Labs teases HV-MTL Forge NFT game.
UK rockband Queen eyes metaverse trademarks.
British banking institution HSBC files metaverse and NFT patents.
Watch out, Ordinals — 30,000 ‘Ethscriptions’ land on Ethereum.
DeFiLlama added an NFT Earnings dashboard.
Limit Break introduced Payment Processor, the first NFT marketplace protocol compatible with its ERC-721C royalties system.
Manifold now supports minting L2 NFTs on Optimism.
Nouns Governance Pools, an incentivized delegation system for Nouns DAO, launched.
Bueno Grants is accepting applications for a one-month, fully-funded arts residency program.
Sound added support for minting L2 NFTs via Optimism.
Axie Infinity published its June Development Update and introduced Axie Land Delegation.
Pirate Nation rolled out Islands.
XAI, a new gaming-centric “L3” built on the Arbitrum tech stack, was announced.
Decentraland is hosting the Polygon Music Festival tomorrow, June 17th.
Arcade has started accepting real-world assets (RWAs) as NFT collateral, like ROLEX watches, via 4k Protocol.
Abacus, an NFT borrowing protocol, is closing up shop.
Backed, the team behind the Papr borrowing protocol is also winding down.
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!