In this week’s Non-Fungible Tokens (NFT) newsletter, read about OpenSea and its commitment to the Ethereum Merge. Take a look at a project that aims iIntroduce Web3 on the opera scene and how ENS domains overtook Bored Apes in terms of trading volume. In other news, find out how Rug Pull Finder NFT gift exploited. And don’t forget this week’s Nifty News roundup showing how American actor Bill Murray’s wallet was attacked after his NFTs were dropped.
OpenSea Says Market Will Not Support Forked NFTs After The Merge
The NFT Platform OpenSea has announced that it will not support NFTs in Ethereum forks that may arise due to the expected Merge. The market noted that it will only focus on supporting NFTs on the upgraded proof-of-stake (PoS) blockchain.
The team highlighted that if there is any forked NFT, it will not be reflected in your market. In addition, the team mentioned that is preparing to deal with any potential issues that may occur due to The Merge.
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NFT microphilanthropy gives opera a new voice
The blockchain has reached the opera through a project called Living Opera, which focuses on combining Web3 technologies with classical music. The project aims to offer a new way for opera singers to bypass traditional processes, such as seeking grants and donations.
In an interview, the CEO of the project, Soula Parassidis, told Cointelegraph that she also have released the Magic Mozart NFT collection to pay homage to the concept of “musikalisches würfelspiele”, a game of dice to randomly generate music whose creation is credited to the influential composer Wolfgang Amadeus Mozart.
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Ethereum Domain Names Outperform Bored Apes in OpenSea Weekly Chart
Ethereum Name Service (ENS) domains have overtaken the popular Bored Ape NFT Collection (BAYC) in seven-day trading volume metric on the OpenSea NFT market.
The daily trading volume of the project also increased from 120.7 Ether (ETH) to 1044.6 ETH and the price of ENS increased by 167% as the volume increased. Right now, there are more than 2 million ENS listed on the NFT market.
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The Rug Pull Finder NFT giveaway, the watchdog of NFT, suffered an exploit
The NFT watchdog that is committed to identifying fraud on Web3 has seen its NFT giveaway subject to an exploit that allowed two attackers to mint 450 NFTs instead of one per wallet.. The team has admitted that the exploit was due to a flaw in their smart contract, which was pointed out by an anonymous source 30 minutes before the minting went live.
To remedy the situation, the Rug Pull Finder team offered one of the hackers a 2.5 ETH bounty in exchange for 330 of the NFTs, and the attacker accepted the deal. Ironically, the free NFT mint was titled Bad Guys and depicted works of art by scammers on the loose on the blockchain.
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Nifty News: Bill Murray’s wallet hacked, FIFA tokenized highlights, Muse at the top of the charts and more…
American actor Bill Murray’s NFT drop was stolen by hackers, which took 110 ETH out of the total 119.2 ETH generated by the charity effort. Fortunately for Murray, his wallet’s security team was able to prevent exploiters from taking his other NFTs. In the meantime, FIFA has started following in the footsteps of the NBA Top Shot NFT Collectionannouncing a project that tokenizes game highlights as digital collectibles.
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Thanks for reading this roundup of the week’s top NFT news. Check back next Wednesday for more reports and insights on this ever-evolving space.
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