The developments in the NFT token market continue. As BAYC faces security woes, an investigation has been launched against the former Opensea administrator. While NFT studies on famous names and events were started, the iconic car in a movie started to be mentioned with NFT and metaverse Here is the NFT token news of the week…
NFT token BAYC faces hacking and security vulnerability
Social media channels remain a problem for some of the largest NFT projects. The Discord channel became a focal point for the hacker attack. As we reported on Kriptokoin.com, this week, the accounts of a Bored Ape Yacht Club Discord admin and community admin were compromised, and a phishing post was spread to BAYC and Otherside Discords. About 200 ETH worth of NFTs were stolen with this method.
Goblins volume leader
What is a Goblin’s shelf life? Looks like we’ll find out first hand. Less than 30 days after publication, goblintownwtf NFTs are still a hot topic in the community and are still the dominant volume leader (all volume leader with over 3,250 ETH worth of activity in the last 24 hours according to Nansen)
Zora launches new NFT API
According to a new announcement from the NFT market, Zora is launching a powerful new API, which is expected to have detailed data of 40 million NFTs. The data will include “mint information, historical data, each sale made, current market cap, metadata and optimized NFT media,” according to the reports. Zora has provided a powerful, sleek, clean user interface and an extremely user-friendly experience in competitive market areas. Expansion of API tools will likely support its positioning.
Former OpenSea executive faces federal charges: Will NFT token projects be considered securities?
Former OpenSea Head of Product Nate Chastain was once held in high esteem in the NFT community, and his departure from the platform following allegations of insider trading was widely discussed. Chastain was detained in New York this week. Chastain is now in the Justice Department’s sights as he faces fraud and money laundering charges. Chastain has been accused of purchasing NFTs with various wallets based on insider information regarding the collections expected to be listed on the OpenSea homepage. In the discussion that followed, many wondered whether these accusations against Chastain would be the first step towards considering NFT token projects as securities.
Depp NFT token projects on the rise
Johnny Depp and Amber Heard’s case has been brought up in mainstream media, Twitch and YouTube streamers and It has become a topic of cultural conversation widely covered in social media outlets. Like it or not, an NFT is coming to match any cultural talking point, and this one was no exception. Following Depp’s victory in the lawsuit, the NFT series ‘Never Fear Truth’ saw a strong rally.
WAX Raises $10M For GameFi and NFT Environment
WAX is a blockchain designed for NFTs, but has been pretty quiet when it comes to massive activity in recent months. However, the WAX blockchain raised $10 million this week in a fundraising round for WAX Studios, a subdivision led by OKX Blockdream Ventures focused on P2E and GameFi development. WAX has maintained high-level partnerships with NASCAR, Sony, Hasbro and more, although it has remained silent.
Kanye West metaverse and NFT token trademark application
Kanye West filed 17 metaverse and NFT token trademark application. West’s applications fall under the categories of “blockchain-based NFT collectibles, assets, currencies and tokens” and “online retail store services that include downloadable movies, videos, television, music, entertainment, digital art”.
Famous automaker NFT has filed two trademark applications for token and metaverse!
The DeLorean Motor Company, one of the newest automakers to join the NFT and metaverse space. Most of us probably know this automaker quite well. Because DMC DeLorean, in particular, stood out as the most famous time machine in the Back to the Future trilogy. The DeLorean has managed to become one of the most iconic screen cars of all time thanks to its role in the movie series. The company behind the car filed two trademark applications for both DMC and DeLorean with the United States Patent and Trademark Office on May 30.
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