OpenSea outage dampens Twitter feature launch, highlights centralization among popular web3 services
Creator of "MetaBirkins" NFTs writes that he "won't be intimidated" by a trademark lawsuit from Hermès
I, for one, am very curious to see how the litigation plays out. In the meantime, the Rarible landing page for the connection displays an error message stating, "This user or item has been temporarily blocked from public access".
Although some users reported funds missing from their wallets, including one investor who reported that $16.3 million missing, Crypto.com announced that "All funds are safe". Over the next few days this was revealed to be untrue; as of January 20, the total estimated funds stolen from the platform had reached $30 million. Large amounts of stolen funds were quickly laundered through Tornado Cash, a popular crypto mixer.
Mysterious NFT project NotASecretNFT gets people to authorize a shady contract after leaving clear clues to their intentions
SpiceDAO wins a $3 million auction to buy an extremely rare storyboard book of Dune, only to learn that owning a book doesn't confer them copyright
Voice actor Troy Baker announces his involvement in "voice NFT" project Voiceverse with an antagonistic tweet, shortly before it's revealed that the project stole work
Global Game Jam plugs their blockchain company sponsor, then tries to scrub mention of it after backlash
Doodled Dragons takes at least $30,000 after tweeting "our charity will instead now be... my bank account"
Gary V announces his new "NFT restaurant" where you'll still have to pay regular money for your meals
Users of Hong Kong crypto exchange Coinsuper reportedly haven't been able to withdraw funds for several months
SEC sues CrowdMachine founder, alleges illegal ICO and operation that secretly diverted funds to gold mining companies
Internet shutdown in Kazakhstan reveals that 12–18% of all Bitcoin mining is done there, which has alarming energy implications
Franklin apologizes for shilling an NFT project (that later rug pulled) without adequately disclosing he was being paid
After being hospitalized for digestion issues after selling farts in a jar (really), a former 90 Day Fiancé star turns to NFTs
- "CryptoBike showing signs of scam", Sài Gòn Giải Phóng
- "Dự án game NFT Việt bị nhà đầu tư 'săn lùng' ra cả địa chỉ giả do dùng chiêu cho chiếm đoạt 1,4 tỷ USD rồi bỏ trốn", Diễn đàn Doanh nghiệp
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>