In this week’s Invincible Token (NFT) newsletter, read about OpenSea and its commitment to Ethereum integration. A project that aims to introduce Web3 to the Opera scene and see how ENS domains have surpassed board monkeys in terms of business volume. In other news, find out how NFT’s Rug Pull Finder giveaway was used. And, don’t forget this week’s Nifty News summary of how American actor Bill Murray was attacked after the NFT crash.
OpenSea has said that the marketplace fork will no longer support NFTs post-merger.
NFT platform OpenSea has announced that it will no longer support NFTs on Ethereum forks ahead of the upcoming merger. The marketplace has revealed that it will only focus on supporting NFTs on its updated proof-of-stake (PoS) blockchain.
The team highlighted that forked NFTs, if any, will not be revealed on the market. He also mentioned that the group is preparing to face the problems that may arise as a result of the merger.
NFT micro-philanthropy gives a new voice to opera
Blockchain has entered opera through a project called Living Opera, which focuses on combining Web3 technologies with classical music. The project aims to provide a new way for opera singers to skip traditional procedures such as presents and gifts.
In an interview, the project’s CEO, Sola Parasidis, told Cointelegraph that to pay tribute to the dice game, they released the Magic Mozart NFT collection and were able to randomly generate music attributed to influential composer Wolfgang Amadeus Mozart.
On the OpenSea weekly chart, the Ethereum domain has opened the name of Bored Monkeys.
Ethereum Name Service (ENS) Domains has surpassed the popular Bored Ape Yacht Club (BAYC) NFT collection in terms of seven-day trading volume on NFT marketplace OpenSea.
The daily transaction volume of the project also increased from 120.7 Ether (ETH) to 1044.6 ETH and the value of ENS increased by 167% due to the increase in volume. Currently, there are more than 2 million ENS listings on the NFT marketplace.
NFT watchdog Rug Pull Finder exploits its own NFT offering
An NFT watchdog committed to detecting Web3 fraud used the NFT gift, which allowed two attackers to withdraw 450 NFTs from one wallet. The group admitted that the exploit was due to a flaw in their smart contract, an anonymous source pointed out 30 minutes ago.
To remedy the situation, the Rogue Pool team offered a bounty of 2.5 ETH to one of the hackers in exchange for 330 NFTs, and the attacker accepted the trade. Interestingly, the free NFT Mint is dubbed Bad Guys and features the artwork of scammers loose on the blockchain.
Nifty News: Bill Murray’s wallet hacked, FIFA highlights, Moses’ best charts and more…
American actor Bill Murray’s NFT discount was stolen by hackers. Fortunately for Murray, the wallet’s security team was able to stop the exploiters from taking other NFTs. Meanwhile, FIFA has begun following the footsteps of NFT stock NBA Top Shot by announcing a project to showcase in-game highlights as digital collectibles.
Thanks for reading this recap of the week’s most notable developments in the NFT space. Come back next Wednesday for more reports and insights into this actively growing space.