More Than $100 Million in NFT Stolen Between January and July
According to blockchain research firm Elliptic, more than $100 million worth of non-fungible tokens were stolen by attackers in the year to July. Security compromises via social media have skyrocketed since NFT gained prominence, accounting for 23% of NFT thefts in 2022. While NFT thieves received an average of $300,000 per scam, the extent of […]
NFT Marketplace OpenSea Lays Off 20% Of Its Staff
NFT marketplace OpenSea has cut 20% of its workforce. The decision was taken by the company to cut costs as the crypto world struggles to cope with the depreciation of digital assets. “The reality is that we have entered an unprecedented combination of a crypto winter and broad macroeconomic instability, and we need to prepare […]
UK Royal Mint To Issue Its First NFT In 2022
Britain’s Royal Mint has given Her Majesty’s Treasury the green light to create the country’s first official NFT sometime this summer. The Royal Mint in the United Kingdom is a government mint that produces coins for the United Kingdom and is wholly owned by Her Majesty’s Treasury. The move to create the nation’s first official […]
YouTube Proposes Verifying NFTs, Watch Games In Metaverse
YouTube expanded on its blockchain and metaverse plans for 2022.
YouTube To Explore NFT Features For Creators
YouTube video creators may soon be able to capitalize on NFTs.
