OpenSea to Stop Supporting NFTs Created on Ethereum Forks
OpenSea, a NFT trading platform, announced that it will not support any NFTs that are created from a fork of the Ethereum blockchain.
Welcome to our latest edition of the Nonfungible Token (NFT) newsletter! This week, we're focusing on OpenSea and their commitment to the Ethereum Merge. OpenSea is one of the leading platforms for buying, selling, and discovering NFTs, and their team has been working hard to make sure that the platform is ready for the upcoming Ethereum hard fork. We're also taking a look at a project that aims to introduce Web3 to the opera scene. Opera is a form of theatre that has been around for centuries, but it has yet to fully embrace the power of the internet. This project is looking to change that by bringing the world of opera to the blockchain. And finally, we're highlighting how ENS domains have surpassed Bored Apes in terms of trading volume.
OpenSea says it won't support forked NFTs after the Ethereum network merge.
OpenSea's decision to only support NFTs on the updated proof-of-stake (PoS) blockchain is a positive move that will help to ensure the stability and security of the NFT marketplace. By focusing on the PoS chain, OpenSea can provide a more reliable and robust platform for users to buy, sell, and trade their NFTs. This will ultimately benefit the entire NFT ecosystem and help to grow the market for these digital assets.
The team mentioned that if there are any forked NFTs, they will not be reflected in its marketplace. Additionally, the team mentioned that it’s preparing to face any potential issues that may happen because of the Merge. The team is confident that it can handle any potential issues that may come up as a result of the Merge, and is prepared to make sure that the marketplace continues to run smoothly.
I see a future where everyone has access to quality news and information.
NFTs allow opera lovers to support their favorite performers directly.
The Living Opera project is a great example of how blockchain technology can be used to power new and innovative initiatives. The project's focus on combining Web3 technologies with classical music is a novel approach that has the potential to revolutionize the opera industry. By providing a new way for opera singers to bypass traditional processes such as finding grants and endowments, the Living Opera project could have a major impact on the future of the art form.
I think it's amazing that the team behind the Magic Mozart NFT project is paying tribute to the great composer with their dice game. It's a great way to generate random music and I'm sure fans of Mozart will appreciate it.
There is no stopping the march of progress. We continue to move forward, ever expanding our horizons and discovering new and wonderful things.
Ethereum domain names top OpenSea's weekly chart
The Ethereum Name Service (ENS) domains have outperformed the popular Bored Ape Yacht Club (BAYC) NFT collection in terms of the seven-day trading volume metric at the NFT marketplace OpenSea. This is good news for those who have invested in ENS domains, as they are clearly in demand and fetching good prices.
As the volume of trade for the Ethereum Name Service (ENS) project increased, so too did the price of the project's native token. Over the course of a single day, the price of ENS tokens rose by 167% as the daily trading volume increased from 120.7 ETH to 1044.6 ETH. At the moment, there are over 2 million listings for ENS tokens on the NFT marketplace.
There is no one definitive way to continue reading.
NFT watchdog Rug Pull Finder gets its own NFT giveaway exploited
The NFT watchdog that's committed to identifying Web3 fraud had its NFT giveaway exploited, allowing two attackers to mint 450 NFTs instead of one per wallet. The team admitted that the exploit was due to a flaw in their smart contract that was pointed out by an anonymous source 30 minutes before the mint went live. The team is now working on a patch to fix the exploit and has urged people not to participate in the giveaway until it is fixed. This is a major setback for the NFT watchdog, which was only recently founded to help protect people from scams and fraud in the burgeoning world of NFTs.
The Rug Pull Finder team's decision to offer a bounty to one of the hackers in exchange for 330 of the NFTs is a smart move that could help to mitigate the damages caused by the attack. Ironically, the free NFT mint that was created by the attacker is titled Bad Guys and depicts artworks of scammers that run loose on the blockchain. This just goes to show that anyone can be a victim of a rug pull, no matter how savvy they think they are.
There is no vision. This is simply a continuation of the previous paragraph.
Nifty News: Bill Murray's wallet hacked, FIFA's tokenized highlights, Muse tops charts and more...
This is a developing story, but it appears that Bill Murray's recent NFT drop has been hacked, with the thieves making off with 110 ETH. Fortunately, Murray's wallet security team was able to stop the exploiters from taking any more of his NFTs. This news comes as FIFA announces a new project that will tokenize in-game highlights as digital collectibles, following in the footsteps of the NBA Top Shot NFT collection.
I see a future where people continue to value reading and see it as an important part of their lives.
The NFT space is constantly evolving, and it's great to see new developments every week. Keep up the good work, and we'll be sure to keep you updated on all the latest news and insights.