Yuga Labs Confirms Discord Server Hack; 200 ETH Worth of NFTs Stolen
The Bored Ape Yacht Club (BAYC) Discord server was hacked on Saturday, with the attacker making off with 200 ETH ($360,000) worth of NFTs, according to Yuga Labs. News of the hack was first reported by Twitter user NFTherder, who also estimates 145 ETH (around $260,000) was stolen along with the NFTs, tracing the stolen funds back to four separate wallets.
Vagner is also the manager of his brother, the Grammy-winning multi-instrumentalist Richard Vagner, who co-founded an NFT fantasy football club called Spoiled Banana Society (SPS) with Boris. The attacker also posted a phishing link in the SPS Discord channel, though the message was subsequently deleted, Richard said.Yuga Labs later confirmed the exploit occurred in a tweet of its own, saying it is still actively investigating the incident. It did so 11 hours after NFTHerder's tweet.
The Bored Ape Yacht Club (BAYC) Discord server was hacked on Saturday, with the attacker making off with 200 ETH ($360,000) worth of NFTs, according to Yuga Labs. News of the hack was first reported by Twitter user NFTherder, who also estimates 145 ETH (around $260,000) was stolen along with the NFTs, tracing the stolen funds back to four separate wallets.
Vagner is also the manager of his brother, the Grammy-winning multi-instrumentalist Richard Vagner, who co-founded an NFT fantasy football club called Spoiled Banana Society (SPS) with Boris. The attacker also posted a phishing link in the SPS Discord channel, though the message was subsequently deleted, Richard said.Yuga Labs later confirmed the exploit occurred in a tweet of its own, saying it is still actively investigating the incident. It did so 11 hours after NFTHerder's tweet.
Manhattan’s Okada Lists NY Building as NFT for 15,000 ETH
The NFT purchase doesn’t guarantee that the property transaction is finished, thus the building NFT buyer must follow standard real estate procedure entirely. It seems like the future of real-estate is already here as a New York based real estate investment and brokerage firm Okada lists a NY building as NFT on OpenSea for a whopping 15,000 ETH, approximately $27M.
The purchaser of the building NFT will receive the exclusive rights to acquire the building, including all of its uses rights and accompanying deed covenants. The sale of the NFT does not guarantee the completion of the real estate transaction or represent the transfer of the deed or title given the nature of real estate sales. This means that typical real estate procedure must be followed in its entirety by the NY City building NFT purchaser.
The NFT purchase doesn’t guarantee that the property transaction is finished, thus the building NFT buyer must follow standard real estate procedure entirely. It seems like the future of real-estate is already here as a New York based real estate investment and brokerage firm Okada lists a NY building as NFT on OpenSea for a whopping 15,000 ETH, approximately $27M.
The purchaser of the building NFT will receive the exclusive rights to acquire the building, including all of its uses rights and accompanying deed covenants. The sale of the NFT does not guarantee the completion of the real estate transaction or represent the transfer of the deed or title given the nature of real estate sales. This means that typical real estate procedure must be followed in its entirety by the NY City building NFT purchaser.
Decentraland Launches New Feature Allowing Third-Party NFTs to Appear In-Universe
One of the many promises of the metaverse is how it can connect many virtual worlds seamlessly through the use of NFTs. The idea is that by owning an NFT, you are entitled to bring it anywhere in the metaverse. This will create what the web3 community calls interoperability between metaverses, and its actually no longer a theory waiting to be brought to fruition.
According to Decentralands official documentation, Linked Wearables are 3D representations of NFTs that originate from outside Decentraland that can be used as wearables in-world, can be equipped on the avatar, and are found in the backpack. Linked Wearables are not limited to 3D NFTs only, as Decentraland also allows creators to submit 3D versions of their 2D NFTs as well.
One of the many promises of the metaverse is how it can connect many virtual worlds seamlessly through the use of NFTs. The idea is that by owning an NFT, you are entitled to bring it anywhere in the metaverse. This will create what the web3 community calls interoperability between metaverses, and its actually no longer a theory waiting to be brought to fruition.
According to Decentralands official documentation, Linked Wearables are 3D representations of NFTs that originate from outside Decentraland that can be used as wearables in-world, can be equipped on the avatar, and are found in the backpack. Linked Wearables are not limited to 3D NFTs only, as Decentraland also allows creators to submit 3D versions of their 2D NFTs as well.
StockX hits back at Nike in legal battle over NFTs and counterfeit sneakers
Nike sued StockX, a popular online sneaker reseller, for launching a non-fungible token (NFT) series based on Nike’s shoes. It then accused StockX last month of knowingly selling counterfeits — a thing that shouldn’t be possible since StockX claims it authenticates the shoes sold on its site. Now, StockX is hitting back.
StockX introduced its Vault NFT series in January. In the company’s own words, the idea was to allow customers to buy NFTs tied to a physical product akin to a digital receipt. According to the company, the benefit would be more efficient trading as a buyer wouldn’t have to wait to resell a shoe. Of the nine limited-edition Vault NFT series initially launched, eight were linked to Nike shoes.
Nike sued StockX, a popular online sneaker reseller, for launching a non-fungible token (NFT) series based on Nike’s shoes. It then accused StockX last month of knowingly selling counterfeits — a thing that shouldn’t be possible since StockX claims it authenticates the shoes sold on its site. Now, StockX is hitting back.
StockX introduced its Vault NFT series in January. In the company’s own words, the idea was to allow customers to buy NFTs tied to a physical product akin to a digital receipt. According to the company, the benefit would be more efficient trading as a buyer wouldn’t have to wait to resell a shoe. Of the nine limited-edition Vault NFT series initially launched, eight were linked to Nike shoes.
South Korea to Recruit Companies for Metaverse Content Creation Project
The South Korean science and ICT ministry has said it will recruit companies that will participate in its 2022 Metaverse Content Creation Project. A director in the ministry said the project is being promoted as part of the country’s industry-leading metaverse strategy.
South Korea’s Ministry of Science and ICT in conjunction with the National Information and Communication Industry Promotion Agency (NIPA) has said it will recruit companies that will be participating in the 2022 Metaverse Content Creation Project. Through the project, South Korea intends to support local metaverse content makers as well as the issuance of non-fungible tokens (NFTs). According to a report in the Korean language publication News 1, the goal of the project is to engender trust in the metaverse content creation ecosystem.
The South Korean science and ICT ministry has said it will recruit companies that will participate in its 2022 Metaverse Content Creation Project. A director in the ministry said the project is being promoted as part of the country’s industry-leading metaverse strategy.
South Korea’s Ministry of Science and ICT in conjunction with the National Information and Communication Industry Promotion Agency (NIPA) has said it will recruit companies that will be participating in the 2022 Metaverse Content Creation Project. Through the project, South Korea intends to support local metaverse content makers as well as the issuance of non-fungible tokens (NFTs). According to a report in the Korean language publication News 1, the goal of the project is to engender trust in the metaverse content creation ecosystem.
Salesforce takes crypto plunge with new NFT cloud
Who knows whether it’s FOMO or actual customer demand for such a thing, but Salesforce announced today that it’s launching a pilot of NFT Cloud, a new platform for buying and selling these crypto assets.
It’s a turn to the future, according to the company, one it insists comes from customer curiosity. “Salesforce is seeing interest from CMOs and CDOs who are asking for help entering web3, and we are enthusiastic about bringing new innovations, products and offerings to our customers in a way that allows them to build and maintain meaningful relationships with their customers,” Adam Caplan, SVP of Emerging Technology at Salesforce told TechCrunch.
Who knows whether it’s FOMO or actual customer demand for such a thing, but Salesforce announced today that it’s launching a pilot of NFT Cloud, a new platform for buying and selling these crypto assets.
It’s a turn to the future, according to the company, one it insists comes from customer curiosity. “Salesforce is seeing interest from CMOs and CDOs who are asking for help entering web3, and we are enthusiastic about bringing new innovations, products and offerings to our customers in a way that allows them to build and maintain meaningful relationships with their customers,” Adam Caplan, SVP of Emerging Technology at Salesforce told TechCrunch.
Hyundai Card building its first NFT marketplace and wallet service
Hyundai Card, Hyundai Motor Group’s credit card arm, announced a joint venture with South Korean tech startup Like Lion to launch a non-fungible token (NFT) marketplace in the second half of this year. The joint venture, coined Modern Lion, will mint NFTs based on Hyundai Card’s assets.
Like Lion has several blockchain-led products under its wings, including NFT profile picture collection MetaKongz and play-to-earn trading card game Syltare. Hyundai Motor and Like Lion launched a limited MetaKongz NFT collection on OpenSea in April 2022. Hyundai Motor Company launched its own NFT collection in May under the theme Metamobility, a conceptual universe where one can move freely beyond time and space.
Hyundai Card, Hyundai Motor Group’s credit card arm, announced a joint venture with South Korean tech startup Like Lion to launch a non-fungible token (NFT) marketplace in the second half of this year. The joint venture, coined Modern Lion, will mint NFTs based on Hyundai Card’s assets.
Like Lion has several blockchain-led products under its wings, including NFT profile picture collection MetaKongz and play-to-earn trading card game Syltare. Hyundai Motor and Like Lion launched a limited MetaKongz NFT collection on OpenSea in April 2022. Hyundai Motor Company launched its own NFT collection in May under the theme Metamobility, a conceptual universe where one can move freely beyond time and space.
Salesforce Launching Platform for Brands to Mint and Sell NFTs
Cloud software giant Salesforce is taking the plunge into the NFT space. Today, the leading customer relationship management software firm revealed NFT Cloud, a platform to help brands and businesses mint and sell NFT assets.
An NFT is a blockchain token that serves as a proof of ownership for an item, whether digital or physical. Popular use cases for NFTs include digital artwork, profile pictures, sports collectibles, and video game items. However, they can also be used for brand loyalty initiatives and to access things like private web communities and real-world events. Adam Caplan, Salesforce’s senior vice president of emerging technology, told Bloomberg that brands are likely to use NFTs for those latter purposes—engagement and access—rather than selling collectibles without functional utility.
Cloud software giant Salesforce is taking the plunge into the NFT space. Today, the leading customer relationship management software firm revealed NFT Cloud, a platform to help brands and businesses mint and sell NFT assets.
An NFT is a blockchain token that serves as a proof of ownership for an item, whether digital or physical. Popular use cases for NFTs include digital artwork, profile pictures, sports collectibles, and video game items. However, they can also be used for brand loyalty initiatives and to access things like private web communities and real-world events. Adam Caplan, Salesforce’s senior vice president of emerging technology, told Bloomberg that brands are likely to use NFTs for those latter purposes—engagement and access—rather than selling collectibles without functional utility.
Mark Zuckerberg shows vision for user-created metaverse with Crayta tools
Meta CEO Mark Zuckerberg announced that user-generated content tools will help bridge 2D gaming experiences on Facebook to Meta’s long-term vision for the metaverse. The metaverse is the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One. Last October, Zuckerberg renamed Facebook as Meta and pivoted to a metaverse strategy, driven by the company’s investments in virtual reality.
In the summer of 2021, Meta bought Unity 2 Games, a United Kingdom company that made a user-generated content tool dubbed Crayta. Beefed up by Meta, Crayta will launch today as a cloud-streamed experience. Zuckerberg is also announcing that Facebook Gaming is expanding the availability of its catalog of cloud games to more countries across Western Europe, an important step as this same infrastructure will be instrumental.
Meta CEO Mark Zuckerberg announced that user-generated content tools will help bridge 2D gaming experiences on Facebook to Meta’s long-term vision for the metaverse. The metaverse is the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One. Last October, Zuckerberg renamed Facebook as Meta and pivoted to a metaverse strategy, driven by the company’s investments in virtual reality.
In the summer of 2021, Meta bought Unity 2 Games, a United Kingdom company that made a user-generated content tool dubbed Crayta. Beefed up by Meta, Crayta will launch today as a cloud-streamed experience. Zuckerberg is also announcing that Facebook Gaming is expanding the availability of its catalog of cloud games to more countries across Western Europe, an important step as this same infrastructure will be instrumental.
Johnny Depp now selling an NFT branding his daughter as ‘cunning’
After winning a six-week-long defamation suit against his ex-wife Amber Heard for an article she had written in 2018 accusing him of domestic violence Johny Depp is now calling out his daughter Lily-Rose Depp's silence all throughout the trial. She was even publically trolled and harassed online for not supporting him publicly during the trial.
Now, Johnny has addressed Lily-Rose’s silence in a collection of images from his NFT project Never Fear Truth, which he launched in January. An Instagram post of the art collection writes, “Behind the scenes of #NeverFearTruth. Each image is an intimate reflection of their character in Johnny's eyes; a portrayal of how they have revealed themselves to him."
After winning a six-week-long defamation suit against his ex-wife Amber Heard for an article she had written in 2018 accusing him of domestic violence Johny Depp is now calling out his daughter Lily-Rose Depp's silence all throughout the trial. She was even publically trolled and harassed online for not supporting him publicly during the trial.
Now, Johnny has addressed Lily-Rose’s silence in a collection of images from his NFT project Never Fear Truth, which he launched in January. An Instagram post of the art collection writes, “Behind the scenes of #NeverFearTruth. Each image is an intimate reflection of their character in Johnny's eyes; a portrayal of how they have revealed themselves to him."
‘Stranger Things’ Netflix NFTs Face Fan Backlash
NFT platform Candy Digital has released another “Stranger Things” minigame for Netflix, where players must solve riddles to earn NFTs of the stars of the show. But some fans aren’t happy. The “Stranger Things” NFTs are 11,111 unique tokens on Candy Digital’s Palm blockchain—an Ethereum layer 2 sidechain—that signify ownership of one of five digital posters.
Back in April, Netflix quietly teased the NFT partnership with hidden messages in the Season 4 trailer for its hit original show. Last week, about 4,700 players earned a free NFT poster of Eleven, the show’s lead played by Millie Bobbie Brown, by playing a mystery game involving a virtual “Stranger Things” laboratory. Response to the news was mixed. Some crypto enthusiasts and fans of the show said they enjoyed the minigame.
NFT platform Candy Digital has released another “Stranger Things” minigame for Netflix, where players must solve riddles to earn NFTs of the stars of the show. But some fans aren’t happy. The “Stranger Things” NFTs are 11,111 unique tokens on Candy Digital’s Palm blockchain—an Ethereum layer 2 sidechain—that signify ownership of one of five digital posters.
Back in April, Netflix quietly teased the NFT partnership with hidden messages in the Season 4 trailer for its hit original show. Last week, about 4,700 players earned a free NFT poster of Eleven, the show’s lead played by Millie Bobbie Brown, by playing a mystery game involving a virtual “Stranger Things” laboratory. Response to the news was mixed. Some crypto enthusiasts and fans of the show said they enjoyed the minigame.
Meta's Quest VR gear to let people 'hang out' in metaverse
Meta on Friday said that it is adding the ability to easily socialize in virtual reality with an update to its Quest 2 headsets in another step toward the metaverse. The tweak heading for the latest model Quest from Meta-owned Oculus will let wearers hop into virtual settings with friends, chief Mark Zuckerberg said in a post on his Facebook page.
"I'm here to announce the ability to, as soon as you put on your Quest 2 headset, to have people hang out with you in a social environment," Zuckerberg said in a video. Meta is also working on letting people create their own virtual worlds where they host gatherings of avatars, Zuckerberg said. Horizon Worlds is far from a fully realized metaverse, a future internet where online experiences like chatting to a friend would eventually feel face-to-face thanks to VR headsets.
Meta on Friday said that it is adding the ability to easily socialize in virtual reality with an update to its Quest 2 headsets in another step toward the metaverse. The tweak heading for the latest model Quest from Meta-owned Oculus will let wearers hop into virtual settings with friends, chief Mark Zuckerberg said in a post on his Facebook page.
"I'm here to announce the ability to, as soon as you put on your Quest 2 headset, to have people hang out with you in a social environment," Zuckerberg said in a video. Meta is also working on letting people create their own virtual worlds where they host gatherings of avatars, Zuckerberg said. Horizon Worlds is far from a fully realized metaverse, a future internet where online experiences like chatting to a friend would eventually feel face-to-face thanks to VR headsets.
India’s first metaverse influencer is becoming Instagram-famous
Kyra, a 21-year-old “dream chaser, model, and traveller,” has amassed 100,000 followers on Instagram within six months of setting up her profile. Only, people aren’t sure if she’s “real” or a “robot.” Created by TopSocial in January this year, Kyra is India’s first CGI-rendered virtual influencer, built for the metaverse.
Kyra follows in the footsteps of 19-year-old Brazilian-American Lil Miquela, who debuted on Instagram in 2016 and has over three million followers by now, and South Korea’s Rozy Oh, among others. “When we launched Kyra, fashion was one of the first categories we focused on,” Himanshu Goel, TopSocial’s business head, wrote on LinkedIn in April. “We can’t wait to see how Indian fashion brands will participate in the metaverse space.”
Kyra, a 21-year-old “dream chaser, model, and traveller,” has amassed 100,000 followers on Instagram within six months of setting up her profile. Only, people aren’t sure if she’s “real” or a “robot.” Created by TopSocial in January this year, Kyra is India’s first CGI-rendered virtual influencer, built for the metaverse.
Kyra follows in the footsteps of 19-year-old Brazilian-American Lil Miquela, who debuted on Instagram in 2016 and has over three million followers by now, and South Korea’s Rozy Oh, among others. “When we launched Kyra, fashion was one of the first categories we focused on,” Himanshu Goel, TopSocial’s business head, wrote on LinkedIn in April. “We can’t wait to see how Indian fashion brands will participate in the metaverse space.”
HTC’s own ‘metaverse phone’ is launching on June 28
HTC has been largely a missing name in the smartphone market as of late, with barely any new devices launching in regions like India where the phonemaker once reigned supreme. However, the company has been known for its developments in the VR (Virtual Reality) segment in recent years. The company is now bringing together its experience in VR and smartphones.
The new HTC device will launch on June 28 and is set to be the first metaverse (or to be precise, Vivaverse) phone. This means it will likely leverage VR and AR (Augmented Reality) with a deeper integration with the Viveverse, HTC’s own flavour of the Metaverse concept. HTC’s Viveverse phone, which still doesn’t have an official name, was first expected to launch in April this year, but supply chain issues reportedly forced the Taiwan-based company to push back its launch plans.
HTC has been largely a missing name in the smartphone market as of late, with barely any new devices launching in regions like India where the phonemaker once reigned supreme. However, the company has been known for its developments in the VR (Virtual Reality) segment in recent years. The company is now bringing together its experience in VR and smartphones.
The new HTC device will launch on June 28 and is set to be the first metaverse (or to be precise, Vivaverse) phone. This means it will likely leverage VR and AR (Augmented Reality) with a deeper integration with the Viveverse, HTC’s own flavour of the Metaverse concept. HTC’s Viveverse phone, which still doesn’t have an official name, was first expected to launch in April this year, but supply chain issues reportedly forced the Taiwan-based company to push back its launch plans.
Meta to launch 'metaverse academy' in France
Meta on Friday said that it is adding the ability to easily socialise in virtual reality with an update to its Quest 2 headsets in another step toward the metaverse.Meta is also working on letting people create their own virtual worlds where they host gatherings of avatars, Zuckerberg said.
The tweak heading for the latest model Quest from Meta-owned Oculus will let wearers hop into virtual settings with friends, chief Mark Zuckerberg said in a post on his Facebook page. "I'm here to announce the ability to, as soon as you put on your Quest 2 headset, to have people hang out with you in a social environment," Zuckerberg said in a video.
Meta on Friday said that it is adding the ability to easily socialise in virtual reality with an update to its Quest 2 headsets in another step toward the metaverse.Meta is also working on letting people create their own virtual worlds where they host gatherings of avatars, Zuckerberg said.
The tweak heading for the latest model Quest from Meta-owned Oculus will let wearers hop into virtual settings with friends, chief Mark Zuckerberg said in a post on his Facebook page. "I'm here to announce the ability to, as soon as you put on your Quest 2 headset, to have people hang out with you in a social environment," Zuckerberg said in a video.
Laundering $80 million a month from Terra's creator
The Securities and Exchange Commission found evidence that Terraform Labs CEO Do Kwon withdrew $80 million a month from LUNA (now called Luna Classic) and TerraUSD before the Terra ecosystem collapsed in May.
One Labs employee interviewed by the SEC in a video interview said the transactions were not formalized in any way.
If this is proven, Do Kwon could face legal action in the United States. The Terra CEO is now in the hands of South Korean authorities.
Recall that people who invested in these coins in the aggregate lost about $ 60 billion.
The Securities and Exchange Commission found evidence that Terraform Labs CEO Do Kwon withdrew $80 million a month from LUNA (now called Luna Classic) and TerraUSD before the Terra ecosystem collapsed in May.
One Labs employee interviewed by the SEC in a video interview said the transactions were not formalized in any way.
If this is proven, Do Kwon could face legal action in the United States. The Terra CEO is now in the hands of South Korean authorities.
Recall that people who invested in these coins in the aggregate lost about $ 60 billion.
Ethereum’s Vitalik Buterin Says There’s No Coherent Definition of Metaverse
In a recent tweet, Ethereum co-founder Vitalik Buterin claims that it is hard to define “metaverse,” one of the most popular buzzwords in tech. Buterin says that the term is being merely used to describe things that “feel” meta.
As reported by U.Today, plenty of major companies – from Walmart to Chevron – have hopped on the metaverse train with their recent patent filings. The trend was kickstarted by social media giant Facebook changing its name to Meta in late October. Such an audacious bet on virtual reality prompted plenty of other companies to explore the metaverse. However, the term itself doesn’t actually refer to any specific technology or experience.
In a recent tweet, Ethereum co-founder Vitalik Buterin claims that it is hard to define “metaverse,” one of the most popular buzzwords in tech. Buterin says that the term is being merely used to describe things that “feel” meta.
As reported by U.Today, plenty of major companies – from Walmart to Chevron – have hopped on the metaverse train with their recent patent filings. The trend was kickstarted by social media giant Facebook changing its name to Meta in late October. Such an audacious bet on virtual reality prompted plenty of other companies to explore the metaverse. However, the term itself doesn’t actually refer to any specific technology or experience.
StreamCoin Starts User Registration for STRMNFT Marketplace
Users can now register for StreamCoin’s STRMNFT marketplace beginning on May 31, 2022. According to the company, STRMNFT is designed to garner the interest of users, both those who know crypto and those who don’t, by showcasing a user-friendly interface.
Stream Chain, the primary mainnet released by StreamCoin, was used to develop STRMNFT. The STRMNFT team adds that to accumulate that speed, the twin Delegated Proof-of-Stake (DDPoS) mechanism, a complicated version of the Proof-of-Stake (PoS) consensus was introduced by StreamCoin. Notably, the DDPoS mechanism consists of 21 Masternodes. According to the team, other features of the marketplace include following favorite content creators.
Users can now register for StreamCoin’s STRMNFT marketplace beginning on May 31, 2022. According to the company, STRMNFT is designed to garner the interest of users, both those who know crypto and those who don’t, by showcasing a user-friendly interface.
Stream Chain, the primary mainnet released by StreamCoin, was used to develop STRMNFT. The STRMNFT team adds that to accumulate that speed, the twin Delegated Proof-of-Stake (DDPoS) mechanism, a complicated version of the Proof-of-Stake (PoS) consensus was introduced by StreamCoin. Notably, the DDPoS mechanism consists of 21 Masternodes. According to the team, other features of the marketplace include following favorite content creators.
Bill Gates puts NFTs on blast as ‘shams’
Billionaire Bill Gates criticized crypto and related projects such as NFTs as shams based on the greater fool theory.He made the comment during a talk at the climate conference hosted by TechCrunch on June 15. Referring to the Bored Ape Yacht Club.
The greater fool theory is a financial behavior based on crowd psychology that suggests assets can be traded at a significantly higher price than their actual worth when enough investors are willing to pay for them. Gates said he’s not involved in crypto assets in the long or short term. Instead, he prefers asset classes that are bound to a company and the products it makes. Bill Gates, Warren Buffett, and Peter Schiff are the most prominent figures who criticize cryptocurrencies.
Billionaire Bill Gates criticized crypto and related projects such as NFTs as shams based on the greater fool theory.He made the comment during a talk at the climate conference hosted by TechCrunch on June 15. Referring to the Bored Ape Yacht Club.
The greater fool theory is a financial behavior based on crowd psychology that suggests assets can be traded at a significantly higher price than their actual worth when enough investors are willing to pay for them. Gates said he’s not involved in crypto assets in the long or short term. Instead, he prefers asset classes that are bound to a company and the products it makes. Bill Gates, Warren Buffett, and Peter Schiff are the most prominent figures who criticize cryptocurrencies.