Digiconomist reports that Bitcoin consumed about as much energy in 2021 as the whole country of Argentina
Tether, the stablecoin that claims to be fully backed by actual currency, adds $1 billion to their supply
Square Enix CEO acknowledges he will be disappointing gamers who "play to have fun" with his announcement that they are getting into web3
- "Airdrop culture could pose integral threat to DeFi industry", Cointelegraph
- "Ethereum Project Airdrops Scam Token, Then Pulls the Rug", Crypto Briefing
"I been hacked. all my apes gone." tweeted Kramer, in a phrase that ultimately became a catchphrase of the NFT world (and its critics).
After asking for help on Twitter, OpenSea froze the stolen assets, preventing them from being traded on their platform. Some commenters noted that the redress (asset freezing and flagging of suspicious accounts) was only possible because OpenSea is a centralized platform with a large amount of power in the NFT arena, which some see as antithetical to the supposed ideals of web3. This also raises the question of whether BAYC themselves have a way to determine "legitimate ownership" of their NFTs, which in addition to being expensive status symbols also grant their owners exclusive perks including merchandising rights and access to events.p>
Blatant copy of Solana's popular "Baby Ape Social Club" rakes in more than $50,000 before being taken down by OpenSea
"No network can withstand the electricity consumption that is recorded there", says energy company chairman of the effects of cryptocurrency mining in Georgia
- "Fake MetaMask Governance Token Soars 2600% and Gets Rug-Pulled", CryptoPotato
- "$1.8M Lost to Fake MetaMask Token Honeypot Scam", Crypto Briefing
- "MetaDAO Makes Off With $3.2M in Rug Pull", Cryptobriefing
The "Cipher Punks" NFT project tried to sell NFTs with illustrations of various cypherpunks, or at least the ones that were listed on Wikipedia. The project said that it intended to "[honor] everyone involved in the CypherPunk movement. They are our heroes, and we need to recognize them". Apparently honoring them did not also involve asking for their consent to be used in the project, as Jillian York tweeted on December 26, "I don't approve of this whatsoever and would like it removed."ItsBlockchain, the group behind the project, subsequently announced that they would scrap the project and apologized. This apology rang a little hollow, to me, after they retweeted a tweet saying "never meet your heroes" in reference to the individuals asking that the project stop using their likeness without their consent, for their own profit.
An attempted governance attack aims to defraud 25 million MIR (about $64.2 million) from Terra's Mirror protocol
Open source contributors and advocates are surprised to find photographs of themselves being sold as NFTs
- "$8.2M Lost as Visor Finance Suffers Latest DeFi Hack", CryptoBriefing
Traders hoping to get in on the "Monkey Kingdom" NFT collection are duped by a scam link in the project's official Discord
Prominent comics artist says continuous theft of his work for use as NFTs may force him to close his DeviantArt gallery
Multiple artists report OpenSea automatically closing their support tickets reporting stolen artwork; OpenSea removes ability to report
S.T.A.L.K.E.R. 2 receives so much fan pushback on planned NFTs that the studio scraps the idea within a day
NFT collector who owns the NFT associated with the Bored Ape artwork used in this site header would like me to stop using "their" ape
Melania Trump announces an NFT collection which will begin with a painting of her "cobalt blue eyes"
The project had an underwhelming reception, and the team quickly decided to reduce the supply of available NFTs from 6,500 to 2,000. Two days after launch, the funds were transferred out of the project wallet and to various addresses, including $400,000 which went to Correia. The project also deleted their website, Discord, and Twitter account that week.
Correia, for his part, has continued to post on his "Laurent BILLIONAIRE" Instagram account, where he shows off his private jet and tropical vacations with no mention of the Billionaire Dogs Club. His "NFT" Instagram story shows his pricey NFT purchases beginning on January 14.