OpenSea’s Forked NFT Advancements
In a bold move amidst the fluctuations of blockchain technology, OpenSea has declared its allegiance to the upcoming Ethereum Merge. The marketplace has made it crystal clear that it will not extend its support to NFTs on any Ethereum forks post-Merge. In their words, they are all about the shiny new proof-of-stake (PoS) blockchain and will leave any forked NFTs out of the party. So, if you’ve been hoarding forked NFTs thinking they would be valuable, it’s time to rethink that strategy!
Opera Meets NFT: A New Crescendo
Imagine a world where opera singers can skip the endless grant applications and opt for a blockchain solution instead. Living Opera is doing just that! This innovative project intertwines Web3 technologies with the charm of classical music. CEO Soula Parassidis shared insights about their recent release: the Magic Mozart NFT collection. This isn’t just a tribute to the legendary composer; it’s a modern interpretation of creating music through a dice game. Who knew rolling dice could lead to an aria?
ENS Domains Outperform Bored Apes
In an unexpected twist in the NFT universe, the Ethereum Name Service (ENS) domains have flexed their muscles, surpassing the renowned Bored Ape Yacht Club (BAYC) in trading volume on OpenSea. The surge in daily trading volume shot up from 120.7 ETH to an impressive 1044.6 ETH. With over 2 million listings, ENS domains are winning the bid, and prices have skyrocketed by 167%. Who knew usernames could be all the rage?
The Rug Pull Finder Saga
Not all heroes wear capes! The Rug Pull Finder, dedicated to sniffing out fraud in the Web3 space, faced an unusual twist when their NFT giveaway turned into a tech fiasco. Due to a glaring loophole in their smart contract, two crafty hackers minted a whopping 450 NFTs instead of the intended one. It’s a classic case of ‘when good intentions go bad.’ Fortunately, in a plot twist, the team negotiated a bounty of 2.5 ETH to reclaim 330 of the NFTs from one of the hackers, who ironically turned out to contribute to a collection called Bad Guys.
In Other Nifty News
This week struck a dissonant note with the news that Bill Murray’s wallet was compromised after his NFT drop raised a cool 119.2 ETH, with 110 ETH swiped by hackers. Luckily, his wallet security squad thwarted further exploits, ensuring his other NFTs remained safe. Meanwhile, FIFA kicked off its own venture into the world of NFTs, aiming to tokenize in-game highlights, mirroring the success of NBA Top Shot. The digital collectible race is heating up!
Thanks for tuning in to the whirlwind that is the NFT world. Come back next Wednesday, same time, for your next dose of mind-boggling developments!
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