Electric Token

08/22/2022

“Most hackers prefer to get clean and well-earned money and ease of mind instead of worrying their whole life if they will be caught for their crimes,” said Adrian Hetman, tech lead of triaging at bug bounty hunter site Immunefi, whose clients include DeFi project MakerDAO.

Rewards for identifying significant flaws can run as high as $10 million, Hetman said.

04/30/2022

Luxury department store Harvey Nichols has made the buying process of NFTs a lot easier for those interested in showing off their digital avatars online. The HN Hong Kong branch, in particular, has announced its upcoming NFT Vault that will allow customers to purchase a wide selection of blue-chip NFTs.

Shoppers are welcome to browse through some of the best NFT projects out there, such as CryptoPunks, Doodles, Clone X, and many more. In addition, the space is also open for sellers to display their NFTs for sale if they meet a certain criteria. [Source: Sole]

04/28/2022

RealOpen bridges the gap between digital assets and physical goods. Using secure, proprietary software, RealOpen allows anyone, anywhere to purchase or sell a home via crypto, in a time when many brokerages and agents might shy away from the process.

“We saw a great market opportunity for cryptocurrency digital asset holders,” Dumontet, an early investor in cryptocurrency, tells Forbes. “ Cryptocurrency market caps are over $2 trillion dollars right now. Our initial target demographic for RealOpen is crypto whales, commonly defined as somebody with $5 million dollars or more in digital assets, who holds it without selling in hopes of future profits.” [Source: Forbes]

04/21/2022

As the NBA unleashes the Sweet 16 round of the playoffs, it has dropped an NFT collection of player cards that will adapt to the results of the games as they are played.

The NFT collection, known as The Association, is fairly limited — at least given the NBA’s audience and the 16 million-plus sales and resales Top Shots has scored. The league has minted 75 NFTs of each of the 240 players on the 16 teams in the NBA Finals at this point.
[Source: Pymnts.com]

04/20/2022

Explains: What exactly is a DAO? Swipe through to learn.

04/09/2022

02/11/2022

The popular subscription platform OnlyFans, known for its adult content, will now let users post verified NFTs as profile pictures.

The platform will only support NFTs minted on the Ethereum blockchain and will show an Ethereum icon on NFT profile pictures to mark them as authentic. The company said it introduced NFT profile pictures in December, according to Reuters, which first reported the news.

02/07/2022

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02/07/2022

This week, America’s first blockchain-based stock exchange obtained regulatory approval from the Securities and Exchange. In a filing the SEC uploaded to its website on late Thursday evening, it said the Boston Security Token Exchange (BSTX) could use the nascent technology to offer faster trade settlements. Compared to a traditional exchange where it typically takes two days to settle a trade, BSTX will offer same-day and next-day settlements. It will also use a private blockchain to offer a market feed that will allow members to see their own trades, as well as that of others, on an anonymous basis.

02/06/2022

Scathing report finds people profited immensely by selling themselves their NFT collections to artificially increase the value.

Termed “Wash Trading”, the scam is characterized by a trade in which the seller and the buyer are the same people.

In the 262 cases that Chainalysis analyzed, the sellers collectively profited more than US$8.4 million. The report suspects that most of this profit was made by selling the NFT collections to unsuspecting buyers. However, not all NFT wash traders made a profit. Out of the 262 sellers, only 101 managed to profit. The other 152 lost US$416,984 because of high Ethereum gas fees that each seller has to pay before they can create and list their collections on the market.

02/03/2022

Disney is launching a search for an NFT expert that will help lead the entertainment giant's efforts in the space.

The so-called manager of business development for Disney's digital experiences team will be responsible for "monitoring the evolving marketplace, setting category strategy, and managing key partners," according to the job posting. The manager's duties will include identifying growth opportunities by category, franchise and distribution, implementing new deals to fill the gaps, and tracking and analyzing category trends and market data to maximize business in each segment.

Candidates are required to have a minimum of five years of licensing or business development experience, a knowledge and passion for the digital and NFT categories and a strong proficiency with Microsoft Office applications such as Excel, Word, PowerPoint and Keynote.

01/28/2022

YouTube is exploring features for its video creators to capitalize on non-fungible tokens, its chief executive officer said on Tuesday, becoming the latest tech company to tap into a digital collectibles craze that has exploded in the past year.

"We're always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube," wrote YouTube CEO Susan Wojcicki in a letter on the company's 2022 priorities. [Source: Reuters]