Thieves stole over $100 million worth of non-fungible tokens in the year to July, blockchain research firm Elliptic said on Wednesday, as the fast-emerging digital asset became a new front in crypto’s hacking problem. NFTs are blockchain-based assets that represent digital files such as images, video or text. The market surged in 2021 as crypto-rich […]
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In a fresh announcement, NFT marketplace OpenSea said that it is updating its stolen digital asset policy. This comes as non-fungible-token (NFT) scams remain one of the biggest challenges in the crypto space as cybercriminals look for new ways to empty users’ digital assets, which can be worth millions. What happens if you buy a […]
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In 2021, non-fungible-tokens (NFTs) became a cultural phenomenon, and with it rose a new NFT collection—Bored ape Yacht Club. Ape avatars wearing hats, sunglasses and chains became the face of not only NFTs but somehow seeped into the broader mania around cryptocurrency. BAYC NFTs are a popular collection of 10,000 unique bored apes created by […]
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Shanghai residents are turning to the blockchain to preserve memories of the city’s month-long COVID-19 lockdown, minting videos, photos and artworks capturing their ordeal as non-fungible tokens to ensure they can be shared and avoid deletion. Unable to leave their homes for weeks at a time, many of the city’s 25 million residents have been […]
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