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Moonbird Oddities, MURI by Haus, Primates, Sneaky Vampire Syndicate and more collections added to Kraken NFT

We’re thrilled to announce that we have added eight new NFT collections to Kraken NFT for our current beta testers to explore, collect and trade. After revealing the first 70 collections earlier this year, and dozens more over the past few weeks, we carefully selected…

The post Moonbird Oddities, MURI by Haus, Primates, Sneaky Vampire Syndicate and more collections added to Kraken NFT appeared first on Kraken Blog.

RDNT token jumps 20% following Radiant Capital’s new liquidity plan

NFTs, Nonprofits and Longevity Intersect at Art Basel Miami

NFT artist Nikita Replyanski on the future of NFTs, his work with the Longevity Science Foundation, and art as community building.

Just as Art Basel has expanded beyond its initial gallery showcases in Switzerland, where the international art fair was conceived, the pursuit of longer and more fulfilling lives has grown from the subject of science fiction novels to real, viable science.

Now the evolution of art is being leveraged as the Longevity Science Foundation’s partnership with Triptych and digital artist Nikita Replyanski leveled up during Art Basel in Miami Beach. The partnership to launch a collection of nonfungible tokens (NFTs) was announced during the summer. Longevity Volumes” will help fund LSF research grants for longevity projects.

Replyanski said he showed his own work and his collaborations, including the one with the LSF, at Beyond Basel, a star-studded, cutting-edge NFT event curated by Trippy Labs.

“All my art is inspired by the transformation of humanity by technology,” he said.

Replyanski hopes that his work with the LSF will help change attitudes about basic and experimental science. “I like to think that through projects like this, I am participating in shaping the image of medicine and science of the future,” Replyanski said.

His work has been connected to the intersection of technology and humanism for nearly a decade when he was involved in designing bionic/robotic hands with Motorica. Replyanski collaborated with engineers to develop several design lines used by people with disabilities today. Models with his art prosthetics participate in fashion shows and photoshoots designed to transform how the world perceives prosthetics and disabilities.

One of Replyanski's bionic prosthetics designs

One of Replyanski's bionic prosthetics designs

“I am very passionate about the values ​​of transhumanism, among which, of course, biology and medicine play a huge role,” he said. how the results of your work can change lives.”

NFTs in the Art World

Events evolve. Science evolves. Art evolves, and NFTs are playing an important role in redefining the evolution of media. Events like Art Basel are an opportunity to expose what may be an uninitiated audience to the potential that exists for this medium.

“The role of such events for the NFT community and digital art, in general, is enormous,” Replyanski said. “First of all, it's the development of digital art as a genre, opening it up to the audience of traditional art, representing brands and galleries. Of course, it is expanding the boundaries of the NFT community. I am sure a lot of people will change their attitude toward NFTs thanks to such events.”

He said having the opportunity to engage with an audience in person, versus across a more contained medium like his Instagram feed, allowed for a greater experience and a more authentic expression of the artistic statements he's trying to convey.

“Context is very important to any artwork,” Replyanski said. “Immersing yourself in it through huge screens is not comparable to scrolling through an Instagram feed where people often see my pieces. It's another level of communication with my art. immerse themselves in my world.”

This is extremely important for artists, especially given the state of the financial markets as investors look for alternatives. “Thanks to the bear market, there are still those people for whom NFTs are not the way to make fast money, but a full-fledged platform for self-realization of a creator's art or a niche for web3 project development,” he said. “I am one of those who have invested time and money in building my own little universe within the NFT community. coming up in the near future.”

Flora, one of Nikita's earlier NFT art pieces. View more of his work here.

Flora, one of Nikita's earlier NFT art pieces. View more of his work here .

NFTs for Nonprofits

Replyanski said he is particularly excited about the potential NFTs hold for nonprofit organizations like the Longevity Science Foundation.

“NFT drops for nonprofit organizations is a new tool of participation for those who want to support them,” he said. This is an open gateway for anyone who wants to become a participant in the life of a Web3 charitable company. Simplicity, accessibility, gamification, or the ability to vote in DAO. For the artist, it's an opportunity to show their vision and involvement in the theme.”

Sagacity, by Nikita Replyanski. Proceeds from this NFT, his most recent digital art, will support the Longevity Science Foundation.

Sagacity, by Nikita Replyanski.

Proceeds from this NFT, his most recent digital art, will support the Longevity Science Foundation.

The Longevity Science Foundation is a global nonprofit dedicated to expanding the human lifespan. Most recently, the LSF further developed its presence in the US with a new headquarters in Miami and appointed president and CEO, Lisa Ireland. NFTs will play a valuable role in advancing the LSF's work funding cutting-edge longevity research. Nikita's “Longevity Volumes” collection explores the relationship between humans and technology, and the proceeds will go directly toward supporting the LSF.

Material is provided in partnership with the LSF

RDNT token jumps 20% following Radiant Capital’s new liquidity plan

GameStop to drop crypto efforts as Q3 losses near $95M

The gaming company has stopped its cryptocurrency-related focuses but is seemingly still pushing ahead with its NFT and blockchain plans.

Gaming retailer GameStop says it will no longer focus any efforts on cryptocurrencies, after amounting $94.7 million in net losses in the third quarter and laying off staff from its digital assets department.

On a Dec. 7 earnings call GameStop CEO, Matt Furlong, said it “proactively minimized exposure to cryptocurrency” over the year and “does not currently hold a material balance of any token,” adding:

“Although we continue to believe there is long-term potential for digital assets in the gaming world, we have not and will not risk meaningful stockholder capital in this space.”

Earlier this year the company said it was looking at crypto, along with nonfungible tokens (NFTs) and Web3 applications, as avenues for growth calling these spaces "increasingly relevant for gamers of the future."

Going forward it will shift focus to collectibles, gaming and pre-owned items.

Its moves in the NFT space are still seemingly going ahead as it says its “also pursuing, and plan to continue to pursue, other business and strategic initiatives associated with digital assets and blockchain technology,” according to a Dec. 7 filing with the Securities and Exchange Commission (SEC).

Cointelegraph contacted GameStop to confirm that it would continue efforts on its NFT marketplace but did not receive a response.

GameStop has pushed numerous Web3-related products, the most recent being its NFT marketplace that went live on ImmutableX, an Ethereum layer-2 blockchain, on Oct. 31 following a July public beta.

Prior to its NFT marketplace, in May the company launched a beta self-custody crypto wallet and beta NFT marketplace on Loopring in March, Loopring is another Ethereum-based layer-2 protocol.

It also partnered with the now bankrupt crypto exchange FTX US in September aimed at bringing more customers to crypto and working together on e-commerce and online marketing initiatives. It ended ties with the exchange on Nov. 11 soon after it filed for bankruptcy.

It’s Q3 losses slightly narrowed compared to the second quarter however, which saw losses of $108.7 million. It’s also a year-on-year improvement for GameStop, which posted a $105.4 million loss in Q3 2021.

Staff cuts reportedly hit crypto department

On Dec. 5 GameStop cut multiple staff in its third round of layoffs for 2022 which Furlong confirmed in the earnings call.

Earlier reports suggested that the team working on the company's blockchain and NFT projects was the most impacted, however, Furlong did not specify where the staff cuts were concentrated during the call. 

Earlier posts from people claiming to be former employees have shed some light. Daniel Williams, lead software engineer at GameStop wrote in a Dec. 5 LinkedIn post:

“Another big round of layoffs from GameStop currently in progress… E-commerce Product and Engineers... Lots of them.”

Related: The reason bots dominate crypto gaming? Cash-grubbing developers incentivize them

Other posts from those claiming to be affected by the cuts also appeared on LinkedIn at the time. Brandon Jenniges, a former iOS and blockchain engineer posted he “had a great time getting a deep dive into Ethereum and learning about many new things in the crypto space.”

“I and the rest of the mobile team were let go,” wrote former developer Christopher Fields.

In July, the company terminated its CFO Michael Recupero and a number of staff at its video game-focused magazine Game Informer.

RDNT token jumps 20% following Radiant Capital’s new liquidity plan

Forgotten Runes Wizard Cult, CyberKongz, The Catalina Whale Mixer and more collections added to Kraken NFT

We’re thrilled to announce that we have added ten new NFT collections to Kraken NFT for our current beta testers to explore, collect and trade. After revealing the first 70 collections earlier this year and ten new collections last week, we carefully selected these new…

The post Forgotten Runes Wizard Cult, CyberKongz, The Catalina Whale Mixer and more collections added to Kraken NFT appeared first on Kraken Blog.

RDNT token jumps 20% following Radiant Capital’s new liquidity plan

Ledger Reveals New Crypto Hardware Wallet Designed by iPod Creator Tony Fadell

Ledger Reveals New Crypto Hardware Wallet Designed by iPod Creator Tony FadellOn Tuesday, the hardware wallet manufacturer Ledger announced the launch of a new device called Ledger Stax. The machine was designed by iPod creator, Tony Fadell, and the France-based firm Ledger says the new device was built with “uncompromisingly secure architecture.” iPod Creator Tony Fadell Partners With Ledger to Launch a New Crypto Hardware Wallet […]

RDNT token jumps 20% following Radiant Capital’s new liquidity plan

Court in China Recognizes NFTs as Virtual Property Protected by Law

Court in China Recognizes NFTs as Virtual Property Protected by LawA court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired to sell a collection of tokens. Hangzhou Internet Court Hears Case Involving Property […]

RDNT token jumps 20% following Radiant Capital’s new liquidity plan

Magic Eden follows OpenSea with NFT royalty enforcement tool

The open-source Open Creator Protocol of the NFT marketplace will enforce NFT creator royalties for new collections that opt-in to the tool.

Magic Eden, a Solana-based nonfungible token (NFT) marketplace, has become the latest platform to release a tool allowing creators to enforce royalties on their collections.

It follows the announcement of a similar tool from rival NFT marketplace OpenSea in early November.

According to a Dec. 1 statement, the open-source royalty enforcement tool is built on top of Solana's SPL token standard and is called the Open Creator Protocol (OCP). This will allow royalty enforcement for new collections that opt-in to the standard starting Dec. 2.

Lu previously floated the idea of NFTs designed to enforce royalties at Solana’s Breakpoint 2022 conference on Nov. 5, citing the need for NFT creators to have a “sustained revenue model.”

Creators who use OCP will also be able to ban marketplaces that have not enforced royalties on their collections. Magic Eden will still maintain optional royalties on its platform for collections that do not adopt OCP.

In a Dec. 1 Twitter thread, Magic Eden said it “can't retroactively apply OCP to existing collections,” telling creators they will have to conduct “burn [and] re-mints” where the NFTs are sent to an unrecoverable wallet address and re-issued by the collection.

"We have been in active conversations with multiple ecosystem partners to identify solutions for creators in a timely manner,” Lu said in the statement. He added the marketplace's intention with OCP was to “immediately support royalties” for new collections while it coordinates with other partners for more solutions.

Related: Coinbase claims Apple blocked wallet app release over gas fees

An additional feature of the protocol touted by Magic Eden is the ability for creators to introduce dynamic royalties — that could reduce the value of royalties of buyers who pay higher prices — and customizable token transferability which could see, for example, NFTs limited to a number of trades or be subject to a trade freeze for a set period of time.

Magic Eden moved to an optional royalties model in October allowing buyers the option to set the royalties they wish to contribute to projects, which split opinions in Twitter’s NFT community.

The OCP tool follows a similar on-chain tool launched in early November by OpenSea that restricted NFT sales to only marketplaces enforcing royalties.

Magic Eden created a similar royalty enforcement tool, MetaShield, in partnership with peer marketplace and aggregator Coral Cube in September before its move to optional royalties.

RDNT token jumps 20% following Radiant Capital’s new liquidity plan

This AI chatbot is either an exploiter’s dream or their nightmare

The crypto community has come across an AI-powered chatbot that can be used to audit smart contracts and expose vulnerabilities.

The online crypto community has discovered a new Artificial Intelligence (AI)-powered chatbot that can either be used to warn developers of smart contracts vulnerabilities or teach hackers how to exploit them. 

ChatGPT, a chatbot tool built by AI research company OpenAI, was released on Nov. 30 and was designed to interact “in a conversational way” with the ability to answer follow-up questions and even admit mistakes, according to the company.

However, some Twitter users have come to realize that the bot could potentially be used for both good and evil, as it can be prompted to reveal loopholes in smart contracts.

Stephen Tong, co-founder of smart contract auditing firm Zellic asked ChatGPT to help find an exploit, presenting a piece of smart contract code.

The bot responded by noting the contract had a reentrancy vulnerability where an exploiter could repeatedly withdraw the funds from the contract and provided an example of how to fix the issue.

This similar type of exploit was used in May by the attacker of the Decentralized finance (DeFi) platform Fei Protocol who made off with $80 million.

Others have shared results from the chatbot after prompting it with vulnerable smart contracts. Twitter user devtooligan shared a screenshot of ChatGPT, which provided the exact code needed to fix a Solidity smart contract vulnerability commenting “we're all gonna be out of a job.”

With the tool, Twitter users have already begun to jest they’re able to now start businesses for security auditing simply by using the bot to test for weaknesses in smart contracts.

Cointelegraph tested ChatGPT and found it can also create an example smart contract from a prompt using simple language, generating code that could apparently provide staking rewards for Ethereum-based nonfungible tokens (NFTs).

ChatGPT’s example Solidity smart contract for NFT staking rewards from a simple prompt. Image: Cointelegraph.

Despite the chatbot's ability to test smart contract functionality, it wasn’t solely designed for that purpose and many on Twitter have suggested some of the smart contracts it generates have issues.

The tool also might provide different responses depending on the way it’s prompted, so it isn't perfect.

Related: Secret Network resolves network vulnerability following white hat disclosure

OpenAI CEO Sam Altman tweeted that the tool was “an early demo” and is “very much a research release.”

He opined that “language interfaces are going to be a big deal” and tools such as ChatGPT will “soon” have the ability to answer questions and give advice with later iterations completing tasks or even discovering new knowledge.

RDNT token jumps 20% following Radiant Capital’s new liquidity plan

Coinbase claims Apple blocked wallet app release over gas fees

The platform said Apple wanted Coinbase Wallet to disable NFT transactions, introducing “new policies to protect their profits at the expense of consumer investment in NFTs."

The self-custody crypto wallet from Coinbase said users can no longer send nonfungible tokens, or NFTs, due to interference from Apple.

In a Dec. 1 Twitter thread, Coinbase Wallet said the tech company with a more than $2 trillion market capitalization had blocked the latest release of its app in an effort to “collect 30% of the gas fee” through in-app purchases. The platform claimed Apple wanted Coinbase Wallet to disable NFT transactions, introducing “new policies to protect their profits at the expense of consumer investment in NFTs and developer innovation across the crypto ecosystem.”

“For anyone who understands how NFTs and blockchains work, this is clearly not possible,” said Coinbase Wallet. “Apple’s proprietary In-App Purchase system does not support crypto so we couldn’t comply even if we tried. This is akin to Apple trying to take a cut of fees for every email that gets sent over open Internet protocols.”

The wallet app said that users affected by the decision — i.e. those with iPhones — would find it “a lot harder to transfer that NFT to other wallets.” Coinbase added that the block may have been an oversight, calling on Apple to communicate with the firm over any issues.

Related: Coinbase clarifies bug bounty policy in response to Uber extortion verdict

Coinbase first announced it would be adding support for NFTs to its self-custody wallet in December 2021, giving users access through the app to marketplaces like OpenSea. On Nov. 29, the app said it would suspend support for Bitcoin Cash (BCH), XRP (XRP), Ethereum Classic (ETC) and Stellar Lumen (XLM), citing low usage.

RDNT token jumps 20% following Radiant Capital’s new liquidity plan

New NFT Collections added to Kraken NFT

We’re thrilled to announce that we have added ten new NFT collections to Kraken NFT for our current beta testers to explore, collect and trade. After revealing the first 70 collections earlier this year, we carefully selected these new collections so you can continue to…

The post New NFT Collections added to Kraken NFT appeared first on Kraken Blog.

RDNT token jumps 20% following Radiant Capital’s new liquidity plan