Nifty Newsletter, August 31–6. September
In this week’s nonfungible token (NFT) newsletter, read about OpenSea and its commitment to the Ethereum Merge. Check out a project that aims to introduce Web3 to the opera scene and how ENS domains surpassed Bored Apes in trade volume. In other news, you can find out how the NFT gift to the Rug Pull Finder was used. And don’t forget this week’s Nifty News roundup showing how American actor Bill Murray’s wallet was attacked after his NFT decline.
OpenSea says the marketplace will not support forked NFTs after the merger
NFT platform OpenSea has announced that it will not support NFTs on Ethereum forks until the upcoming merger. The marketplace noted that it will only focus on supporting NFTs on the updated proof-of-stake (PoS) blockchain.
The team highlighted that if there are any forked NFTs, they will not be reflected in the marketplace. In addition, the team mentioned that it is preparing to face potential problems that may arise due to the merger.
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NFT microphilanthropy gives a new voice to the opera
Blockchain has made its way to 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 processes such as finding scholarships and grants.
In an interview, the project’s CEO Soula Parasidis told Cointelegraph that they have also released the Magic Mozart NFT collection to pay tribute to a dice game to randomly generate music attributed to the influential composer Wolfgang Amadeus Mozart.
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Ethereum domain name tops Bored Apes on OpenSea’s weekly chart
Ethereum Name Service (ENS) domains have surpassed the popular Bored Ape Yacht Club (BAYC) NFT collection in terms of seven-day trading volume on NFT marketplace OpenSea.
The project’s daily trading volume also increased from 120.7 Ether (ETH) to 1044.6 ETH and the price of ENS increased by 167% as the volume increased. There are currently over 2 million ENS listings on the NFT market.
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NFT watchdog Rug Pull Finder gets to take advantage of his own NFT gift
The NFT watchdog committed to identifying Web3 fraud had its NFT gift leveraged, allowing two attackers to create 450 NFTs instead of one per wallet. The team admitted that the exploit was due to a bug in their smart contract that was pointed out by an anonymous source 30 minutes before the coin went live.
To fix the situation, the Rug Pull Finder team offered one of the hackers a bounty of 2.5 ETH in exchange for 330 of the NFTs, and the attacker accepted the trade. Ironically, the free NFT coin was titled Bad Guys and depicted artwork of scammers running loose on the blockchain.
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Nifty News: Bill Murray’s Wallet Hacked, FIFA Tokenized Highlights, Muse Charts & More…
The NFT release of American actor Bill Murray was robbed by hackers of 110 ETH from the total 119.2 ETH generated by the charity effort. Fortunately for Murray, his wallet security team was able to stop the exploiters from taking his other NFTs. Meanwhile, FIFA has begun following in the footsteps of NFT collection NBA Top Shot by announcing a project that tokenizes in-game highlights as digital collectibles.
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Thank you for reading this summary of the week’s most notable developments in the NFT space. Check back next Wednesday for more reports and insights into this area of active development.
