NFT

The creators of Minecraft have announced new guidelines that prohibit the use of blockchain technology in connection with the game. In a post published on Wednesday, the studio voiced its disapproval of NFTs, citing their tendency to be “exclusive” and “scarcity-bound”. The Microsoft-owned studio, Mojang, stated that it made the decision for the security and enjoyment of its players. New "No NFTs" Guidelines The updated guidelines state that Minecraft does not permit the integration of blockchain technologies inside the game.…

Twitter scammers compromised the account of NFT influencer Zeneca on July 19. The hackers also compromised Zeneca’s Discord account. After hacking the accounts, the bad actors shared a link to a fake airdrop of the Zen Academy Founders Pass. Reportedly, the hackers tricked unwitting NFT collectors into connecting their wallets to a phishing site. One of the tweets read: Hey everyone wanted to do something special for the community so here I go! I would like to announce the official…

GameStop's new Ethereum-based NFT marketplace has managed to accrue some impressive sales within hours of launch. This is despite the current harsh crypto market and the fact that Gamestop’s marketplace is yet in beta.  A Solid Beta Launch On July 13th, GameStop launched its NFT marketplace hosted on the Ethereum network. It has since seen transactions leading to a trading volume of over 3,167 ETH. This is equivalent to about $3.5 million in fiat. These reports are sourced from data…

Following the supreme court’s decision to overturn Roe v. Wade, some activists are turning to Web3 to rally support for women’s reproductive rights.  Of late, several community members have joined the fight by campaigning to generate funds and draw attention to the cause. Web3 Offerings Find a Place in Women's Rights On June 24, the US Supreme Court overturned the critical case that previously protected women’s rights to have an abortion. Since the historical ruling two weeks ago, flurries of…

As shown by data from Dune Analytics, OpenSea, the world’s top platform for non-fungible tokens, recently blacklisted a handful of big-name collections. Altogether, the marked collectibles are worth roughly $27 million. OpenSea Flags Tokens Late  Thursday, an on-chain sleuth called beetle put up a dashboard on Dune outlining relevant information regarding the blacklist. Indeed, the list featured the Bored Ape Yacht Club as well as offshoots Mutant Apes and the Bored Ape Kennel Club. Other marked projects include CloneX, Azuki,…

Reddit announced it has jumped into the NFT space with the release of a series of “collectible avatars” on the polygon blockchain network. Although the word “NFT” did not appear anywhere in Reddit’s announcement, its new collectible avatars share many similarities with non-fungible tokens.  Users can Showcase Tokens as Profile Pictures According to its official release, Reddit will launch the virtual avatars in conjunction with Ethereum’s layer-2 Polygon protocol. Working with independent designers, the Reddit team pulled together a collection…

OpenSea co-founder Alex Atallah has shared news of his impending exit from the company he helped make into the world’s top marketplace for non-fungible tokens. Atallah is Eager to Start From Scratch Atallah noted in his announcement tweet that the move would take effect in a month, specifically on July 30. Notably, while he is leaving the company, he will remain on the board. He shared his reason for quitting, which is to return to his core passion: "building something…

NFT marketplace OpenSea informed its users of possible phishing attacks, following a data breach exposing customer emails. Notably, the company has been at the center of attacks and controversies in recent months.  Concerns over Customer Security Open Sea in a blog post revealed that an employee of Customer.io, OpenSea’s email vendor, abused their privileges. The errant employee downloaded and shared customer data with an authorized third party.  In light of the development, OpenSea warned its customers of the potential vulnerability…

During the European Blockchain Convention in Barcelona yesterday, the Innovation minister for Catalonia suggested that Catalonia could soon launch its own metaverse. This is amidst a gradual digital revolution going on in the autonomous community.  At the event, the Catalonian director-general of innovation Daniel Macro disclosed some strategies the government is exploring to ensure Catalonia becomes a digital powerhouse. He mentioned that one of the benefits of the COVID19 pandemic over the past two years was digitalizing the economy. The…