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The co-founder of Web3 metaverse game engine “Webaverse” has revealed they were victims of a $4 million crypto h after meeting with scammers posing as investors in a hotel lobby in Rome. The bizarre aspect of the story, according to co-founder Ahad Shams, is that the crypto was stolen from a newly set up Trust Wallet and that the hack took place during the meeting at some point.He claims the thieves could not have possibly seen the private key, nor was he connected to a public WiFi network at the time. The thieves were somehow able to gain access while taking…

NFT Looks like UFC fighter Jon Jones isn’t afraid to get into the octagon with some pandas. With about a month to go before his heavyweight title fight, Jones, a famous mixed-martial arts star, inked a deal to become the brand ambassador for the NFT collection Kanpai Pandas. Jones will not only represent the NFT brand, which has generated more than $7 million in trading volume since launching in April according to OpenSea, he will also be the face of Kanpai Pandas’s new streetwear collection. Kanpai Panda’s push into selling apparel and partnering with the famous UFC fighter follows other…

NFT Sorare NBA, an officially licensed and NFT-driven fantasy basketball game, set a new milestone on Sunday when a 1/1 NFT of Giannis Antetokounmpo sold for $187,000 worth of ETH—by far the highest sale for the relatively young platform. The single-edition Antetokounmpo NFT was auctioned off through Sorare NBA’s own Ethereum-based platform this weekend and sold for about 113.9 ETH, or just over $187,000. It tripled the USD sale price of the previous peak sale: an Anthony Davis NFT that sold for over $62,000 (nearly 49 ETH at the time) in December, per data from CryptoSlam. It’s also the largest-known…

Regulators in Hong Kong are stepping up their game when it comes to monitoring the activities of the crypto industry. According to a Securities and Futures Commission report filed on Feb. 6, it plans to hire four additional staff to “better supervise” the activities of local virtual asset (VA) providers. Moreover, the extra oversight will help “better assess the compliance and risk” by allowing retail investors to trade virtual assets on regulated platforms.The commission wrote: “This is in response to an increasing number of operators who have expressed interest in carrying on VA activities such as trading platforms and the management of…

There’s a good chance that ordinal NFTs alone do not increase transaction fees. Well, they could increase fees, but not in the way you might think. After all, they benefit from the SegWit data discount, so theoretically a block full of digital artifacts would actually carry fewer fees than one filled entirely with ordinary Bitcoin transactions. But if enough users start inscribing ordinal NFTs so that they seriously compete for blockspace with ordinary transactions, the users broadcasting ordinary transactions would need to increase their own fees for inclusion. In this case, miners would likely prioritize as many ordinary transactions as…

Illuvium announces yet another addition to their NFT stable. This one called Illuvium Beyond. Featuring Illuvitars and accessory NFTs, Illuvium Beyond is slated to launch on March 7th, 2023. Illuvium adds another facet to their ecosystem with Illuvitars. Based on Illuvials from the games, Illuvitars function as standard Profile picture, but they will also have in-game utility across all of the Illuvium games. Beginning with a base set of 155 Illuvials, owners will customize their individual Illuvials with various accessories. Accessories come in different types, such as eyewear and head gear. Accessories also have varying rarities. When sale opens on…

The next iteration of DC Comics digital collectibles is here. These affordable collectibles are based on the Dark Nights: Death Metal #1 tale and can be accessed from the DC Collectible Comics (DC3) NFT marketplace.The NFTs come in five rarity cover versions that you can choose from, including a classic image of Batman playing a flaming electric guitar. Given the popularity of DC Comics creations and the affordability of these NFTs, those who want to own a piece of the collection will have to act quickly as supplies are limited.There are 4,000 pieces in total, with each costing $9.99, and…

The International Criminal Police Organization (ICPO), or Interpol, is investigating how it could police crimes in the metaverse. However, a top Interpol executive believes there are issues with defining a metaverse crime.According to BBC, Interpol Secretary General Jurgen Stock revealed the agency’s intent to oversee criminal activities on the metaverse. Stock highlighted the ability of “sophisticated and professional” criminals to adapt to new technological tools for committing crimes.The move to police the metaverse comes nearly four months after Interpol launched its own metaverse in October 2022 at the 90th Interpol General Assembly in New Delhi, India. The official Interpol office in the…

NFT Donald Trump’s Trump Card NFT collection has earned over $16 million in revenue on secondary NFT marketplace OpenSea, even as the collection’s floor price falls to about 0.5 ETH. Secondary Sales 4x Primary Revenue of $4.4 Million According to OpenSea, creator Billy Zanker pockets a 10% royalty from each NFT’s secondary sale, with one recent sale bagging Zanker $4,400. The collection’s floor price peaked at 1.2 ETH on Dec. 15, 2022, before falling to 0.179 ETH on Jan. 10, 2023. It has since risen to 0.59 ETH. The Polygon-based collection has accrued $4 million in primary sales revenue. Source:…

Recently on Twitter, a user, @Darejewb reported that their web3 friend stole a Koda NFT as well as 5 ETH. They of course feel distraught after thinking their friend was helping them out with a trade. A Koda NFT and 5 ETH were stolen from @darejewb from their web3 friend. The Koda NFT and 5 ETH Stolen Unfortunately, this version of a scam happens often. This one is particularly bad, however, as the stealer was supposed to be the victim’s friend. They had known each other for almost a year and talked every day. @Darejewb wrote their thread on Twitter…