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An illustration of a robotic ape with Xs for eyes, over a teal backgroundBored Ape #3547 (attribution)
An NFT trader made a typing error when entering a listing price, accidentally listing his Bored Ape NFT for 0.75ETH (about $3,000) instead of 75ETH (about $300,000). The NFT was instantly bought by a bot account. The BBC writes, "In traditional banking transactions, such errors are usually reversed easily if the bank facilitating them is told about the mistake quickly. But in the unregulated crypto-trading market, there is usually no way to reverse such a sale."
Theme tags: Bummer
Blockchain tags: Blockchain: Ethereum

Legacy logo, with three 3D humans in various poses above an arrow going to the right and upLegacy logo (attribution)
Molyneux announced a new game, Legacy a business management simulator (fun!) where you join by buying an NFT called "Land", and compete to increase their "LegacyCoin" bank accounts. The company in the game effectively is running a company town, a real-world model with a history that is far more fraught than Molyneux acknowledges in his Verge interview.
Theme tags: Bad idea
Blockchain tags: Blockchain: Ethereum
Tech tags: NFT, blockchain gaming

Ascendex logo: two adjacent triangles in blue and white, with the name belowAscendex logo (attribution)
Ascendex lost $77 million in a hack targeting hot wallets. The platform said it would reimburse customers for all of their lost funds.
Theme tags: Hack or scam
Tech tags: cryptocurrency

A digital rendering of a gold-chromed card with a picture of a McDonald's McRib on itMcRib NFT announcement (attribution)
McDonalds tried to make a splash with a McRib-themed NFT project, but that was quickly outshined by the discovery that an Ethereum address associated with the collection contained a racial slur.
Theme tags: Bad idea
Blockchain tags: Blockchain: Ethereum
Tech tags: NFT

Kickstarter logo: white bubble letters on green backgroundKickstarter logo (attribution)
Kickstarter announced they have decided to create a decentralized version of their platform, and to create it on the Celo blockchain. This was not entirely well-received, and some major users strongly opposed the idea. Per Gizmodo, "How this will actually work, beyond Kickstarter being able to yell 'blockchain' like a spell to summon investors or maybe getting a cut of every project that runs on the resulting protocol, is unclear."
Theme tags: Bad idea
Tech tags: dApps

dYdX logo, white text on black background, with the lower right leg of the X in purpledYdX logo (attribution)
During a widespread AWS outage, supposedly-decentralized DeFi platform dYdX went down. dYdX is an Ethereum exchange that touts itself as the "world's leading decentralized exchange", and indeed it is estimated to be the fourth largest exchange. Whether it's decentralized or not, however, is much more in question following the outage. Other major platforms (that are more known to run on centralized infrastructure) such as Binance and Coinbase were also affected by the AWS blip.
Theme tags: Hmm
Blockchain tags: Blockchain: Ethereum
Tech tags: DeFi

A monochrome, dark grey helmet modelUbisoft "Wolf Enhanced Helmet A" NFT (attribution)
Ubisoft announced that it would be adding NFTs to its Tom Clancy's Ghost Recon Breakpoint title, allowing players to buy "Digits": artificially scarce in-game weapons, vehicles, and cosmetics. The announcement video on YouTube sported a 96% dislike ratio shortly after, with the top comment accusing Ubisoft of "milking the Ghost Recon franchise for literally every cent while putting in minimal effort into the actual game itself". Many Ubisoft developers were also caught off guard: some were worried they would be forced to include NFTs in their own games, while others raised environmental concerns that come with the NFT technology stack. The project had a very underwhelming reception—two weeks after its launch, they had sold only fifteen of the more than 2,000 NFTs, for a total of around $400.
Theme tags: Bad idea
Blockchain tags: Blockchain: Ethereum
Tech tags: NFT, blockchain gaming

An 8-ball on a white to blue gradient background8ight Finance logo (attribution)
A compromised private key allowed an attacker to remove all funds from 8ight Finance's treasury, amounting to about $1.75 million. The team admitted to sending the key through Facebook chat and Google Drive, writing, "This is our first project, so we must admit our opsec was low."
Theme tags: Bug, Hack or scam
Tech tags: DeFi

A 3D fairy creature with a bowl of ramen on its headOne of the "Cinder Fae" "playable NFTs" (attribution)
WildWorks, a game company with a reputation for eco-friendliness, angered many of its fans when it announced it would be reusing the technology and assets from its partially-finished title Feral for a new metaverse game called Cinder. Some fans were upset to hear that the developers are apparently leaving Feral unfinished; many were angry about the developers' choice to embrace NFTs and crypto gaming—particularly after the company itself had decried the technology's impact on the environment, but also because of concerns about the unethical nature of many projects in the web3 space. Attempts to reassure fans with the fact that they will be using the Solana proof-of-stake blockchain, and engaging in carbon offsets, apparently did little to mollify fans, some of whom began cancelling subscriptions.
Theme tags: Bad idea
Blockchain tags: Blockchain: Solana
Tech tags: NFT, blockchain gaming, metaverse

Tweet from CoinDesk that reads, "Yes, it’s a Ponzi scheme. But who cares? So are the dollars in your pocket.  #Crypto2022" and links to an article titled "Olympus DAO Might Be the Future of Money (or It Might Be a Ponzi)"Tweet featuring the article (attribution)
Thurman began an article by writing, "Yes, it's a Ponzi scheme. But who cares? So are the dollars in your pocket." He is writing about OlympusDAO, a "decentralized finance (DeFi) protocol whose primary use case seems to be 'making people extremely angry.'"
Theme tags: Hmm
Tech tags: DAO, DeFi