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Data network Masa Finance, which describes itself as architecting the “decentralized Google for the AI era,” is set to launch a decentralized data network and marketplace in Q1 2024. Masa is collaborating with the managed blockchain service AvaCloud to deploy a gasless Avalanche subnet (application-specific blockchain). The customizable blockchain will be designed to handle high volumes of zero-knowledge encrypted data efficiently and cost-effectively, according to a statement. Masa previously secured $3.5 million in pre-seed funding to build its decentralized credit data protocol in May 2022. The subnet represents an expansion of Masa’s existing data protocol. The project, the team says,…

Data shows that fees spent on inscriptions hit a record high of $8.3 million on Dec. 16. With almost $5.6M spent on fees, the Avalanche network was the most heavily impacted. The weekend saw a jump in network transaction fees across all blockchains, as the need for block space was driven by the Ordinals inscriptions frenzy, which isn’t limited to the Bitcoin network. Gas fees surged over the weekend due to an explosion of Ethereum Virtual Machine (EVM) chain inscriptions. Dune Analytics data shows that fees spent on inscriptions hit a record high of $8.3 million on Dec. 16. Inscriptions…

Nansen’s NFT-500 and Blue-Chip-10 indexes were stable after nearly $3 million worth of non-fungible tokens (NFTs) were stolen from trading platform NFT Trader. The Nansen NFT-500 index is down 0.88% when denominated in ether (ETH), while the Blue Chip 10 index is down 0.51%. Nearly $3 million in NFTs were stolen in the hack, with the attacker demanding a ransom of 120 ETH ($260,000) for their return. A community effort organized by the decentralized autonomous organization (DAO) Boring Security led to the recovery of nearly all of the stolen collection after Yuga Labs’’ Greg Solano contributed to a bounty. DAOs…

OKX’s non-fungible token trading platform surpassed Blur and OpenSea in daily trading volume as NFT enthusiasts appear to continue trading Bitcoin Ordinals NFTs. OKX NFT Marketplace recorded a 24-hour trading volume of $50.33 million as of 2 p.m. Hong Kong time — making it the largest NFT marketplace by daily trading volume, according to data from DappRadar. Blur came in second with a daily trading volume of $13.21 million, followed by Magic Eden’s $7.63 million, UniSat’s $3.82 million and OpenSea’s $3.25 million. “OKX has become the number one NFT marketplace after enabling trading of BTC Ordinals NFTs,” Nick Ruck, chief…

John Reed Stark, a former SEC official, tagged a recent attack on NFT Trader, a peer-to-peer trading platform, which led to the loss of some Bored Ape Yacht Club (BAYC) NFT collections as a “tragedy of epic proportions.” The NFT Trader Attack The attack gave the perpetrator access to initiate an unauthorized transfer of certain high-end Non-Fungible Tokens (NFTs) including Bored Ape and Mutant Ape Yacht Club collections, World of Women NFTs, VeeFriends, and Art Blocks. Altogether, the losses recorded are in the tune of millions. “Wow, I never would have guessed that a series of fractionalized links to the…

Recently, 36 Bored Ape Yacht Club (BAYC) and 18 Mutant Ape Yacht Club (MAYC) NFTs were stolen from NFT Trader, a peer-to-peer trading platform. These stolen assets, estimated at close to $3 million, were swiftly returned after a 120 Ether (ETH) ransom was paid.The unidentified hacker justified their actions by stating they inadvertently picked up “residual garbage” left by another user’s exploit and demanded the substantial 120 ETH ransom for the return of the NFTs. Interestingly, rather than a hard-nosed standoff, the resolution of the theft swiftly followed the hacker’s demands.No Apes left behind, a short story:This could have been…

Oracle Red Bull Racing has introduced its new NFT series, titled the ‘Oracle Red Bull Racing Champions Collection 2023‘. This collection celebrates the team’s remarkable achievements in racing.Celebrating a Record-Breaking SeasonThe digital collectibles pay tribute to Oracle Red Bull Racing’s record-breaking season, distinguished by the accumulation of the highest championship points in a single season, leading the highest number of laps, and securing a one & two individual driver finish.The NFTs are exclusively available on Sui, Oracle Red Bull Racing’s official blockchain partner. This collaboration showcases Sui’s capacity to deliver notable on-chain experiences. Fans have the opportunity – for a…

In a remarkable turnaround, all stolen Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) nonfungible tokens (NFTs) have been recovered following a major security breach on the peer-to-peer trading platform NFT Trader. The incident on December 16 resulted in the theft of NFTs valued at nearly $3 million. However, thanks to the swift action of Boring Security, a non-profit Web3 security project backed by ApeCoin, these digital assets were secured within 24 hours. The recovery operation involved a bounty payment of 120 Ether (ETH), equivalent to approximately $267,000 at the time of the transaction. Greg Solano, co-founder…

In a recent tweet, a renowned Bitcoin analyst with X username “MDB” shared a mixed perspective on the growing trend of Bitcoin ordinal inscriptions, otherwise called NFTs, arguing potential stress test and hash war. According to MDB, Bitcoin ordinals, which grant users the ability to store extra data into the smallest unit of Bitcoin, “satoshis,” are not leveraging Bitcoin as a medium of exchange. He argued they merely utilize Bitcoin nodes to store images or any intellectual property, leveraging the Bitcoin brand for marketing purposes. Nonetheless, MDB noted that the free market is the ideal space for such experimentation and…

NFT Trader is suspected to have been breached after several blue-chip non-fungible tokens (NFTs) were wrongfully transferred. According to an X post by Chinese crypto news reporter Colin Wu, the NFTs were transferred to the address 0x909F2159780e64143CF08f32dBBF56Ed19478fda. ???????????????? RED ALERTIf you’ve ever used NFT Trader in the past, revoke approval to their contract ASAP (0x13d8faF4A690f5AE52E2D2C52938d1167057B9af)So far already 37 BAYC and 13 MAYC have already been drained to this address https://t.co/KBdpkb8woX — dingaling (@dingalingts) December 16, 2023 Wu gave an update about the address holder’s on-chain message, denying they hacked the P2P trading platform, and claiming they rescued the NFTs to…