What happened in the NFT token market, which revived with the hype around Apecoin (APE)? Here is a summary of the most important developments of the week…
What happened in the NFT token market this week?
There has been news that OpenSea has been subject to a phishing attack that affected more than two dozen users and allowed bad actors to secure NFTs that do not belong to them. Attackers used Tornado Cash to withdraw more than 1,000 ETH after the attack. NFT website Mintable has managed to locate the three stolen NFTs and return them to their rightful owners. NFTs are reportedly tracked from other NFT marketplace LookRare.
- Associated Press (AP) closes NFT sale. He had previously posted a new NFT of the video of “migrants being dragged on an overcrowded boat in the Mediterranean.” Many journalists ask whether the AP is publishing the NFT to raise awareness about human suffering or for people who want to do something else.
- Rakuten NFT marketplace running. Coinbase, the New York Stock Exchange, and others are working on their own NFT marketplaces to enter the OpenSea-managed market. The latest player to enter the space this week is Japanese e-commerce giant Rakuten, which plans to offer NFT collections around sports and entertainment.
- Dolce & Gabbana (D&G), founded by luxury Italian fashion brands Domenico Dolce and Stefano Gabbana, has partnered with UNXD, the Polygon-based NFT platform that offers affordable gas rates, and announced that it will expand its NFT collections.
- Meanwhile, demand for NFTs from fashion brands is growing. Fashion brand Bape is one of the latest to enter the NFT game in apparel.
Earlier this month, Sotheby’s announced a listing of 104 CryptoPunks in one batch to come to the NFT market. The owner of the collection, @0x650d on Twitter, tweeted a lot about the importance of listing, describing it as “a chance to showcase CryptoPunks on a par with some of Contemporary and Modern Art’s most important and high-profile sales.”
The Shiba community is preparing for Shiboshi. You can find the details of the development we have reported as Kriptokoin.com here.
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