Legendary NFT developers Larva Labs were the victims of an exploit this morning, as an attacker found a way to mint a rare NFT worth over $700,000 from the “Meebits” collection. The attacker, 0xNietzsche, teased the exploit on Twitter this morning, saying he anticipated making “$300,000 per hour” throughout the duration of the attack. He has since deleted the Tweets, saying that they came off as “douchey.” Definitely sent out some regrettable tweets in the last few hours. After coming down & processing it all they do sound VERY douchey. — 0xNietzsche (@0xNietzsche) May 8, 2021 His attack essentially centered …

StarColl, an NFT marketplace and collection exclusively dedicated to one of the largest private Star Wars memorabilia collections, is set to list digital twins of its catalog. According to an announcement on Tuesday, early registration will begin on May 4 — “Star Wars Day.” The unofficial collection will feature over 800 limited edition collectibles from the iconic sci-fi movie franchise released as nonfungible tokens on the StarColl marketplace. Each StarColl NFT is a digital twin of an actual physical item from the collection. Owners of each NFT will also reportedly have the chance to include their names in the NFT …

Topps, one of the world's premier trading card manufacturers, recently announced its intention to pursue a public offering following an explosion in the digital market. In an interview with CNBC’s Squawk Box on Tuesday, Topps chairman Michael Eisner said the sports and entertainment side of the business (the company also produces confections like gum) is 25% digital and growing. Eisner said the explosion of nonfungible tokens, or NFTs, on blockchains will “likely appeal to everybody” as the firm goes public. “The digital [side of the business] is growing really fast,” said Eisner: “With blockchain, we’re going to be able to …

Nonfungible tokens, or NFTs, are “10 times better than their physical counterparts,” according to digital art collector MetaKovan. The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s "Everydays: The First 5000 Days" for $69 million earlier this year. Explaining the motives behind his purchase in an exclusive interview with Cointelegraph, MetaKovan pointed out that NFTs have a number of advantages over traditional artworks: They are easy to transfer, they don’t have any storage costs and their ownership can be shared. Also, they can democratize the art world by making it …

Despite not yet having functional smart contracts on the layer-one, intrepid Cardano developers have recently hacked together methods to mint bootleg nonfungible tokens. These experiments in hosting unique data on the blockchain are reminiscent of the pre ERC-721 standard era for Ethereum — and, what’s more, so far they’ve proven to be enormously popular with token drops routinely selling out. In a post on Reddit today, ADA Technology Management (ATM), a staking pool operator for Cardano, revealed what they claimed to be two NFT images they’d minted on the chain. In the thread the company said they were planning to …

NBA Top Shot maker Dapper Labs has secured about $305 million in new funding round from investors. According to a report by Business Insider on Tuesday, past and present NBA stars like Michael Jordan, Alex Caruso, and Kevin Durant participated in the funding round. Other investors included The Chernin Group and Will Smith’s venture capital outfit Dreamers VC. With this latest funding round, Dapper Labs now reportedly holds a $2.6 billion valuation. As previously reported by Cointelegraph, NBA Top Shot had grossed $230 million in sales as of the end of February. According to a Dapper Labs spokesperson quoted by …

Look Labs, a contemporary beauty and lifestyle studio founded in Berlin, Germany, has launched the first digital fragrance encoded into a non-fungible token, or NFT, offering further evidence that the digital art craze continues to grow. The fragrance is a digital version of the unisex Cyber Eau de Parfum, which was launched in October 2020 with a strong focus on environmental sustainability. The NFT collectible was designed in collaboration with Montreal-based artist Sean Caruso. The scent of physical Cyber Eau de Parfum was “extracted using near-infrared spectroscopy and is represented in the art piece itself in the form of spectrum …

Blockchain authentication outfit Third Millennia — founded by science fiction icon William Shatner — has partnered with Mattereum, a London-based “digital twin” trading platform, to launch an initiative focused on nonfungible token provenance. "Digital twins" refer to real-world asset NFTs, or rwaNFTs — tokenized versions of physical goods. According to a press statement issued on Monday, the joint initiative will feature rwaNFTs based on memorabilia and props from Shatner’s iconic character Captain James T. Kirk of the seminal sci-fi series Star Trek. The collectibles catalog will also include props from Boston Legal, where Shatner played the character Denny Crane, as …

MoonCats, the long-dormant tokenized collectibles platform that was rediscovered earlier this month, now has a problem on its hands: trading bots. MoonCats collectibles depict 8-bit cats that live on the moon and can be traded or "adopted" by users. The project was launched on Aug. 9, 2017 by developer Ponderware, with a hard limit of 25,500 MoonCats set to be created through a process similar to Ethereum mining. MoonCats was rediscovered earlier this month amid the booming growth of the nonfungible token, or NFT, industry. When collectors recently became aware of the project, it was reported that MoonCats NFTs were …

The excitement surrounding NFTs is showing no signs of slowing down, with the top four decentralized NFT apps driving more than $10 million in daily volume. According to decentralized application data aggregator DappRadar, NBA Top Shot, CryptoPunks, Mooncats, and Sorare represented more than $10.57 million worth of secondary NFT sales over the past 24 hours. However, overall NFT DApp volumes are dominated by the top four, with the combined daily volume of the 10-largest DApps equating to $12.27 million. NBA Top Shot’s secondary marketplace is the dominant NFT DApp by all metrics, with 30,944 traders driving 30,372 transact worth $4.62 …

A collector of prized NFTs from Dapper Labs’ NBA Top Shot has turned down a $1 million offer for a single token depicting New Orleans Pelicans’ pro basketball star Zion Williamson. The collector “jerlevine” bought the #1 Jersey Match S1 Holo Zion Williamson NFT on Jan. 25 for $100,000. The token is of “legendary” rarity, and was first issued in the HOLOMMX pack during Series 1 of Top Shot. BREAKING NEWS We have news of the first $1 Million offer for an @nba_topshot moment! It was for the #1 and Jersey Match S1 Holo Zion Williamson. And @JerLevine turned it …

Strong hands view a correction in an uptrend as a buying opportunity and data from CryptoQuant shows that Bitcoin (BTC) whales have been buying near $48,000. This activity can be seen in the large Coinbase outflows, most of which went to custody wallets and this suggests that the institutional investors believe the Bitcoin rally has room to run. Even Kraken CEO Jesse Powell is ultra bullish on Bitcoin. In a recent interview with Bloomberg TV, Powell said that Bitcoin could reach $1 million over the next ten years if the digital asset overtakes gold as a store of value. While …