ParaSpace hack resulted in the loss of over 50% of user funds.
The platform has recovered $5.4 million from the funds.
ParaSpace removed the CEO’s admin access, but he has refused to comply.
ParaSpace, a decentralized finance (DeFi) platform for non-fungible tokens (NFTs), recently confirmed that it suffered a hack in which over 50% of user funds were not returned to the protocol.
Based on the information provided by internal te...
The cyclical nature of the blockchain has been on full display as of late. While, in the past, market change may have been triggered by generative avatars, major innovations, or even catastrophic events, the recent resurgence of memecoins has inspired a major shift in the day-to-day operations for those in the NFT space.
In early 2023, open editions seemed to be the savior of a waning NFT market. But now, the trading...
With NFT sales volume steadily declining since January 2023, memecoins — such as $PEPE, $DOGE, and $TURBO — have emerged as the center of attention in the crypto space. Unlike conventional cryptocurrencies such as Bitcoin and Ethereum, which are supported by blockchain technology and often connected to real-world resources or platforms, memecoins have garnered significant appeal because of their humor and meme-inspired ...
Fracton Protocol becomes the top holder of renowned blue-chip NFT collections.
The NFT collections include Doodles, Mfers, Valhalla, Genuine Undead, Renga, Fluf, and ENS 10k Club.
The success was made possible by its fractionalization strategy and CEX integration.
Fracton Protocol announced today that it had achieved a major milestone by becoming the top holder in several renowned blue-chip NFT collections. Fracton Protocol’s ...
Web3 has a bad habit of leveraging its niche, insulated existence as cover to engage in objectionable behaviors. While the nascent state of the crypto and NFT market allows for seemingly boundless opportunities for all types of creatives and builders, its relatively unregulated nature (and promise of earning millions in a moment) can tempt people to act in ways that would result in fines or even jail time in other indus...
Welcome back to Now Runway, where we report to you from the frontlines of the digital fashion revolution. TikTok and Instagram were atwitter with all of the red carpet fashion this past Monday.
For those of you that are strangers to fashion, this red carpet was none other than the one rolled out for The Met Gala. Held annually on the first Monday of May, the star-studded fashion-forward affair marks the opening of t...
The world’s first-ever collaborative “crypto-novel” is now available for purchase on OpenSea.
The Oracle’s Verse, a project of The Quest of Evolution, consists of 6 unique 1/1 multimedia NFTs.
Contributors to the project receive perpetual royalty payouts in MATIC and QEV tokens.
A new era of literature has dawned with the launch of The Oracle’s Verse, the world’s first-ever collaborative “crypto-novel” by the decentralized a...
Blur’s has been beating OpenSea’s daily trading volume for over a month now.
The new NFT marketplace’s daily trading volume reached $117.7 million on February 22.
Blur has managed to achieve 46% of Opensea’s volume in less than 5 months.
Blur, the digital art startup that markets itself as the NFT marketplace for pro traders, has managed to post some impressive numbers in the trading volume field. The platform has dethroned ...
Who remembers LimeWire, the now-defunct peer-to-peer file-sharing service that ruled the early 2000s? Back in its heyday, Limewire had more than 50 million monthly active users. But things changed in 2010, when the filesharing website was shut down by U.S. federal court after a four-year legal battle.
For those who are still nostalgic about the place you downloaded your first MP3, you’re not alone.
Considering ...
The Alpha:
Today, legacy auction house Sotheby’s launched its own secondary marketplace for fine art NFTs, according to information shared exclusively with nft now.The marketplace is an expansion of Sotheby’s Metaverse, the company’s digital artwork and collectibles platform. The peer-to-peer marketplace will feature fully on-chain sales showcasing a rotating selection of high-profile Web3 artists curated by Soth...
