Fidelity plans NFT marketplace: Nifty Newsletter, Dec. 21–27

Published at: Dec. 28, 2022

In this week’s newsletter, read about investment giant Fidelity planning to enter the nonfungible token (NFT) space and how Italy’s NFT market will grow. Check out how North Korean hackers use phishing websites to target NFT holders and listen to a conversation with Crypto Raiders in the NFT Steez podcast. And, don’t forget this week’s Nifty News featuring Japanese gaming firm Square Enix investing millions in an NFT game developer. 

Fidelity plans NFT marketplace and financial services in the metaverse

On Dec. 21, investment firm Fidelity filed three trademark applications to the United States Patent Trademark Office. The trademark filings cover NFTs, NFT marketplaces and metaverse investment services, suggesting that the firm has plans to enter the space.

One of the firm’s focuses appears to be the metaverse, showing that it may someday offer investment services within virtual worlds. The offerings may include various funds like mutual funds and retirement funds.

Continue reading…

Italy to create the crypto art renaissance: NFT market report

A recent report released by Research and Markets predicted that Italy is set to have a 47.6% growth in its NFT market by the end of 2022. With this, the Italian NFT market’s total value will be $671 million.

The report also projected that the country’s NFT industry will have an annual growth rate of 34.6% for the next five years, with the spending value predicted to hit around $3.6 billion in 2028.

Continue reading…

North Korean hackers stealing NFTs using nearly 500 phishing domains

A day before Christmas, blockchain security firm SlowMist highlighted that North Korean hackers had launched a broad campaign targeting NFT users. According to the report, the attackers created almost 500 phishing domains to lure potential victims.

Some websites have impersonated popular NFT marketplaces like OpenSea, X2Y2 and Rarible. The fake websites have also tried to imitate a project associated with the recent World Cup.

Continue reading…

Nifty News: Square Enix invests into NFT gaming firm, Beeple speaks on NFT art future and more

Japanese gaming giant Square Enix recently invested around $53 million to create mobile and blockchain games and start a metaverse initiative. An announcement hinted that the company is partnering with game developer Gumi to make a game-NFT-focused marketplace.

Continue reading…

Check out Cointelegraph’s NFT Steez podcast

Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.

Tags
Nft
Related Posts
Plan for $1M bug bounties and double the nodes in wake of $600M Ronin hack
The Ronin Network and Sky Mavis have vowed to upgrade their smart contracts, offer lucrative bug bounties and ramp up security following the $600 million hack late last month. As Cointelegraph previously reported, the Ethereum sidechain developed for the popular NFT game Axie Infinity was the victim of an exploit for 173,600 Ether (ETH) and 25.5 million USD Coin (USDC), worth more than $612 million at the time. Earlier this month, the Federal Bureau of Investigation (FBI) attributed the attack to North Korea-based and state-sponsored hacking group Lazurus, as it fired off a warning to other crypto and blockchain organizations. …
Blockchain / April 28, 2022
Battle-hardened Ronin bridge to Axie reopens following $600M hack
Sky Mavis, developers of the popular play-to-earn (P2E) nonfungible token (NFT) game Axie Infinity have announced that the Ronin bridge is back online three months after it was hacked for more than $600 million. The Ronin bridge is an Ethereum sidechain built for Axie Infinity, and it enables users to transfer assets between the sidechain and the Ethereum mainnet. On March 29, 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) was drained from the bridge after hackers managed to gain access to private validator keys. The hack was worth more than $620 million at the time. According to the …
Blockchain / June 29, 2022
Nifty News: Solana NFT trading volume, Nike RTFKT COO hacked, and more
DNP3, a streamer and founder of several crypto projects like The charity-focused crypto CluCoin, The Goobers NFT and the metaverse platform Gridcraft Network has admitted to losing investor funds through gambling. In a tweet, the nonfungible token (NFT) project founder talked about his gambling addiction and issued a public apology. I’m sorry. Read: https://t.co/RKM1wYggnC — DNP3 (@DNPthree) January 3, 2023 The Twitch streamer said that he got "incredibly addicted" to gambling in the last year. Eventually, the Twitch streamer claimed that he lost everything. He wrote: “In addition to my own life savings, I also irresponsibly used investor funds to …
Blockchain / Jan. 4, 2023
OpenSea planned upgrade stalls as phishing attack targets NFT migration
Just yesterday, OpenSea announced a smart contract upgrade, which requires users to migrate their listed NFTs from Ethereum (ETH) blockchain to a new smart contract. As a direct result of the upgrade, users that don't migrate over from Ethereum risk losing their old, inactive listings — which currently require no gas fees for migration. Major nonfungible token (NFT) marketplace OpenSea has reportedly fallen victim to an ongoing phishing attack within hours after announcing a week-long planned upgrade to delist inactive NFTs on the platform. However, the urgency and short deadline opened up a small window of opportunity for hackers. Within …
Adoption / Feb. 20, 2022
The aftermath of Axie Infinity’s $650M Ronin Bridge hack
In late March, Ronin, an Ethereum sidechain built for the popular play-to-earn nonfungible token game Axie Infinity, was hacked for over 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) for a combined value of over $600 million. The breach on the Ronin bridge was confirmed by Sky Mavis, the developers behind the popular play-to-earn (P2E) game: There has been a security breach on the Ronin Network.https://t.co/ktAp9w5qpP — Ronin (@Ronin_Network) March 29, 2022 The official report from the company noted that the hackers managed to get access to private keys to validator nodes resulting in the compromise of five validator …
Blockchain / April 12, 2022