NFT News

$800K NFTs, Crypto From Rare Bears Holders Hacked
$800K NFTs, Crypto From Rare Bears Holders Hacked

A phishing attack caused members of the NFT community to lose approximately $800,000 of their assets. Rare Bears project head’s discord account has been compromised and banned other team members. Moving forward, Rare Bears team promised to take security matters seriously. Holders of the newly-launched NFT project, Rare Bears, have lost more than $800,000 worth of NFTs and other cryptocurrencies in a phishing attack. On Wednesday, the unknown perpetrator obtained illegal access to the project head’s Discord account. He then posed as an official moderator under the name “Zhodan”. Hence, the act allows them to post a phishing link that

NFT Image of Pepe the Frog’s Butt Cause $500K Lawsuit
NFT Image of Pepe the Frog’s Butt Cause $500K Lawsuit

A man paid more than $500K in an auction for an NFT image of Pepe the Frog showing its butt. Only one NFT image auctioned, 500 cards issued, 400 burned, and 99 to remain in the PegzDAO. Later on, PegzDAO distributed 46 of those 99 remaining NFT images for free. Matt Furie, the creator of Pepe the Frog, decided to hold an NFT auction last year. Specifically, he planned to sell an image of the delicate internet meme cartoon frog bathing in a pool, with its buttcrack peeping over. Furie established a Decentralized Autonomous Organisation (DAO) called PegzDAO.  On October

15-Year-Old Girl Sells $10K NFTs After Sports Injury
15-Year-Old Girl Sells $10K NFTs After Sports Injury

After an injury, Mya started creating NFTs and sold $10,000 to date. Her digital art is priced as much as $140,000 on NFT marketplace OpenSea. Trying different things at a young age made her realize her talent in creating these digital artworks. 15-year-old Zachary High freshman Mya Parker got her anterior cruciate ligament (ACL) torn in September, causing her to stop playing the sport she’s in. Her interest in art and investing gave her the idea to start creating non-fungible tokens (NFTs). Her digital art sold more than $10,000 online. According to an article by TheAdvocate, Parker said while sitting

Man Mistakenly Sells $1M Clipart Rock NFT for -1 Cent
Man Mistakenly Sells $1M Clipart Rock NFT for -1 Cent

A $1 million worth NFT, EtherRock, has been sold by Dino Dealer for less than a cent by mistake. The new owner relisted the NFT for 234 ETH. Dino Dealer begged for a return but only received suspicious replies. Recently, a clipart-based image of a rock that was evidently appraised for over $1 million has been mistakenly sold for less than a cent. EtherRock is an early Ethereum-based non-fungible token (NFT) project way back 2017 that portrays numerous-colored rocks. These collections of slightly unique 100 clipart rocks have been sold for millions of dollars. Less than a week ago, an

Mark Zuckerberg Confirms NFTs To Arrive on Instagram
Mark Zuckerberg Confirms NFTs To Arrive on Instagram

Mark Zuckerberg confirmed that NFTs are coming to Instagram soon. However, didn’t provide details on how and when. In the future, old NFTs could be displayed and users can possibly mint new ones. He said NFTs could one day play a significant role in the company’s metaverse. Meta Founder and CEO Mark Zuckerberg recently confirmed that NFTs are coming through Instagram in a video interview with Daymond John at 2022 South by Southwest (SXSW) festival. Zuckerberg said “We’re working on bringing NFTs to Instagram in the near term”. Although he didn’t clarify on how the feature is going to work

India’s MakeMyTrip Launches Immersive NFT Collection
India’s MakeMyTrip Launches Immersive NFT Collection

The NFT crazy has reached India’s online travel company — MakeMyTrip.  They are launching an immersive NFT collection to showcase the treasures of India.  Proceeds from the sale will go towards supporting sustainability-driven tourism projects. One of the biggest online travel companies in India — MakeMyTrip, announces its stake in the NFT universe. In detail, the brand will launch its very own travel-centric NFT collection. This move will be facilitated by ngageNFT, a platform powered by the Polygon network.   It seems more and more sectors are slowly dipping their toes in the NFT market. The latest of these is MakeMyTrip.

UAE’s DAMAC Properties Promises Metaverse and NFT Innovation
UAE’s DAMAC Properties Promises Metaverse and NFT Innovation

The UAE’s real estate champion — DAMAC Properties is dabbling in NFTs.  DAMAC’s Managing Director says a metaverse project will arrive in March.  He is a firm believer in both technologies and aims to reach a new horizon with DAMAC. The power and potential of NFTs continue to astound the crypto industry and the whole world in general. Presently, the UAE’s property developer — DAMAC, announces its plan to launch a Metaverse project in March. A post on Twitter highlights the exciting announcement. In detail, the firm’s Managing Director — Ali Sajwani, says the project is slated to begin soon.

Gary Vee Invests in $5M Round of Startup Nifty League
Gary Vee Invests in $5M Round of Startup Nifty League

Gary Vee invested in GameFi startup Nifty League. Nifty League created the DEGENs NFT collection and a game named Nifty Smashers. Meanwhile, Axie Infinity revealed some information about its upcoming Origin update. Gary Vaynerchuk, more popularly known as Gary Vee, has invested in a $5 million seed funding round of GameFi startup named Nifty League. Vaynerchuk accomplished this through his investment arm VaynerFund. Other notable investors include Gary Vee’s brother AJ Vaynerchuk, NFT gaming group Avocado Guild, RSE Ventures, and more. According to a blog, the $5 million fund will go to the startup’s platform scalability, team expansion, product enhancement,

Rakuten Will Soon Release Popular Anime and Manga NFTs
Rakuten Will Soon Release Popular Anime and Manga NFTs

Japan e-commerce titan Rakuten says it will launch an NFT marketplace.  It sees the growing potential of NFTs and decided to join in.  Rakuten will release its own NFTs based on Japan’s many famous Manga and Anime. As the crypto world continues to grow, the popularity of NFTs is undeniable. So much so that almost every sector is slowly embracing NFTs. The latest of which is Japan’s e-commerce giant — Rakuten.  In detail, the legendary electronic commerce and online retailing entity made an exciting announcement. It is launching an NFT marketplace. Soon, its consumers will be able to buy, sell,

Monster NFTs Coming, Monster Beverages Files With USPTO
Monster NFTs Coming, Monster Beverages Files With USPTO

Monster Beverages Corp joins the NFT bandwagon.  The entity applies for four applications with the USPTO. All four applications relate to the metaverse and NFTs.  As the popularity of NFTs continues to blaze, the F&B sector is also caught by its bright light. The latest of NFT’s newest adopters is Monster Energy. In detail, the beverage announces its intention to launch NFTs.  Specifically, Monster Beverages Corp. files with the United States Patent and Trademark Office (USPTO) to apply for four trademarks focusing on the metaverse and NFT applications.  In particular, these four trademarks are specific to four types of new

Sandbox Brings K-Pop To Life With SM Brand Marketing
Sandbox Brings K-Pop To Life With SM Brand Marketing

The Sandbox struck a partnership with SM Brand Marketing. Together they aim to bring a fan-centric K-Pop experience to the metaverse. Fans can soon access NFTs on the Play2Create ecosystem. With more delightful partnerships, The Sandbox continues to grow its ecosystem. Of its latest announcements, The Sandbox has just struck an explosive partnership with SM Brand Marketing.  In detail, this collaboration will bring a Play2Create (P2C) model onto The Sandbox. This means that fans on the platform will be able to produce NFT goods based on SM Intellectual Property (IP).  ‘ Indeed, this marks the first partnership with the Metaverse platform

Philippines Will Soon Launch Its NFT Sale Collection on The Sandbox
Philippines Will Soon Launch Its NFT Sale Collection on The Sandbox

Philippines flagship game will soon make its debut on The Sandbox. PINASining is a Philippines-themed Voxel Art Contest for The Sandbox.  The NFT collection comes with a wide range of choices made by Filipino artists. NFTs and Blockchain Gaming continue to rattle the world and The Sandbox is the reason why. Specifically, the first Philippines flagship game is making its debut on The Sandbox. To highlight, the game is ‘PINASining’ and will host an NFT collection sale.  In particular, PINASining is a Philippines-themed Voxel Art Contest for The Sandbox. It is made to draw light to Filipino pride and heritage