Nonfungible token (NFT) and decentralized finance (DeFi) protocol JPEG’d has confirmed that 5,495 Ether ETH $1,831 , worth roughly $10 million at current prices, has been returned by the Curve Finance hacker. In exchange for returning the funds that were stolen on July 30, the hacker received a 610.6 ETH ($1.1 million) bounty.
JPEG’d is a DeFi lending protocol that enables users to borrow funds against their collateralized NFTs. The pro...
A blockchain security firm tried to warn users of an imminent rug pull surrounding a crypto project, but investors became angry and fired back. The firm rescinded the security alert. Then, the project it accused of being a rug pull pulled the plug.This is the story of CertiK, a blockchain security firm just trying to do its job, the users who tried to stop it from doing so, and the project, Crypto Cars, that (perhaps gleefully) turned its b...
The ever-evolving world of blockchain technology continues to be a hotbed of innovation, and one of the latest trends in this space is the implementation of Layer-2s, and Coinbase’s latest, Base.
Promising improved transaction speeds, scalability, and security, Layer-2s are shifting the paradigm of how blockchain networks operate. Coinbase, North America’s largest centralized crypto exchange (CEX), has announced the...
In a proactive move to safeguard consumers from emerging digital threats, the U.S. Federal Communications Commission (FCC) has proposed new regulations aimed at curbing the rise of “SIM swap” and “port-out scams.”
These malicious activities have been on the rise, with fraudsters exploiting vulnerabilities in mobile communication systems to gain unauthorized access to victims’ personal and financial information.
W...
Coinbase’s Base network has released a user interface (UI) for its official bridge, allowing end users to onboard for the first time without relying on developer tools, according to an Aug. 3 announcement. The team has set Aug. 9 as Base’s “official” release date. The team will award over 100 Ether (ETH), worth approximately $184,000, in grants to developers and content creators as part of a month-long launch event called the “Onchain Summe...
As we delve deeper into the digital age, the intersection of art, technology, and AI has created a new universe of creativity. This realm, where human craftsmanship melds seamlessly with the intricacies of digital artistry, is where artists like Studio Yorktown thrive.
Every week, nft now’s Next Up unveils a new artist from our curated list of ascendant talents who have been making significant waves throughout Web3. This we...
Ethereum gas consumption by nonfungible tokens (NFTs) has dropped significantly since its high in 2021. NFT marketplaces and projects that occupied top spots in gas consumption at the time have declined sharply in the past two years.Data shared by the on-chain analytics platform Glassnode shows that gas usage by NFT marketplaces is currently on a downward trend. This indicates a possible shift in terms of NFT use, where more users may be op...
In this week’s newsletter, read about why the food and beverage nonfungible token (NFT) market is set to exceed $2 billion by 2032, check out the Bruce Lee avatar that has made its way into the metaverse, and how the British Museum uses the virtual universe to teach world history. In other news, find out how NFT-styled debit cards can be the future of Web3, and don’t forget this week’s Nifty News, featuring Yuga Labs acquiring a metaverse s...
Welcome to Now AI, your weekly breakdown of the most compelling developments happening in artificial intelligence.
In this week’s Top AI news roundup, Netflix is making bold strides in AI, offering an impressive salary range for AI-centric roles amidst continuing actors’ and writers’ strikes. OpenAI has expanded access to its ChatGPT app to Android users, Meta is also ramping up its AI initiatives, introducing AI persona ch...
GameStop recently announced its decision through a pop-up message on its NFT marketplace to discontinue support for its proprietary crypto wallet, GameStop Wallet, which doesn’t really come as much surprise.
The wallet itself was introduced to the public in May 2022 to support NFT trading through the retailer’s native NFT marketplace.
While the video game retailer’s move is underpinned by the regulatory uncertain...
