Ukraine’s Kharkiv Art Museum Launches NFT Collection With Binance to Raise Funds, Secure Jobs

October 14, 2022 Bitcoin.com

Japanese gaming giant’s hiring spree ahead of NFT marketplace

October 14, 2022 Coin Telegraph

Japanese entertainment and video game company Konami has posted new job openings to expand its NFTs, Web3 and Metaverse offerings.

Japanese gaming giant Konami is seeking to expand its crypto-versed talent pool while it ey the development of Web3 and Metaverse “experiences” and a nonfungible token (NFT) marketplace.

The gaming giant is the latest in a lengthening list of big names signaling interest in expanding its Web3 offerings by seeking to acquire new talent.

On Oct. 13, the company announced that it was recruiting a “wide range of talent” for "system construction and service development" relating to future Metaverse and Web3 platforms.

Konami stated that it has been conducting research and development to incorporate the “latest technology” into its games and content, adding it also has plans to launch an NFT trading platform where players can trade their in-game digital items.

The company is well known among traditional gamer circles as the publisher behind the Metal Gear Solid franchise, Castlevania, Dance Dance Revolution and Frogger.

Konami is looking to fill several positions including system engineers, programmers, project managers, designers, and directors for its venture into Web3.

The successful applicants will work on a “unique digital item distribution platform” that conforms to Japanese guidelines for blockchain games.

This is not Konami’s first foray into nonfungibles, in January the firm launched a collection of NFTs to celebrate the anniversary of its Castlevania franchise.

However, major moves into NFTs by some traditional gaming companies have been met with backlash, the most notable example being Ubisoft’s Quartz platform which came under fire earlier this year.

Last month, Ubisoft CEO Yves Guillemot walked back the company's enthusiasm for NFTs, saying it was merely in "research mode" all along.

Some gamers saw gaming companies' moves into the NFT space as a money grab. There were also environmental concerns over the proof-of-work mining process used to mint them, though much of these worries can be dismissed since Ethereum, the industry standard network for NFTs, has transitioned to proof-of-stake.

NFT sales have slumped in 2022 in line with the wider crypto bear market. In recent months, NFT sales on the world’s largest marketplace OpenSea have plummeted as much as 99% from their record highs of more than $400 million earlier this year.

Fake NFT Airdrops Attempting To Compromise Solana (SOL) Wallets and Siphon Crypto Assets: Report

October 12, 2022 The Daily Hodl

Nifty News: IHOP bamboozles crypto users with ‘NFT,’ Logan Paul’s NFT falls to $10 and more

October 11, 2022 Coin Telegraph

Nifty News: IHOP bamboozles crypto users with ‘NFT,’ Logan Paul’s NFT falls to and more

Binance

The YouTube star’s huge loss on his NFT has been bumped up by a measly bid after he shared how much it had dropped in value since his purchase last year.

American restaurant chain International House of Pancakes (IHOP) piqued the curiosity of Twitter users last week when it announced it would be “jumping on the bandwagon” and dropping its own ”NFT.” As it has turned out, its new “NFT” is neither nonfungible nor a token.

The pancake chain’s initial announcement on Oct. 6, made to sound like it was entering Web3 with a nonfungible token (NFT) drop, was met with a mixed response.

One Web3 supporter said, ”kudos to IHOP for having the courage to be on the leading edge and innovating for the future,” while others threatened to unfollow the restaurant’s Twitter account.

However, when the food chain finally revealed its “NFT” on Oct. 10, it turned out it was in fact the chain’s “New French Toast” menu item, adding it is “Thick, Fluffy and extremely fungible.“

As promised, we just dropped our #NFT: New French Toast! It’s Thick, Fluffy and extremely fungible. pic.twitter.com/r0sZKeBq0a
— IHOP (@IHOP) October 10, 2022

Twitter users shared a laugh over the chain’s devious ploy to sell more toast, though one Crypto Twitter commented that “they’re missing out on an opportunity to be a part of history” and getting “iHop.eth early.”

Logan Paul’s $600K NFT falls to $10

An NFT purchased for 188 Ether (ETH) at the cost of $623,000 in 2021 by American YouTuber Logan Paul saw a dramatic loss in value to only $10 by the end of September but has since a small price bump after it trended on social media.

Paul’s on-paper loss of over $600,000 on his 0N1 Force K4M-1 #03 NFT has been public knowledge for months, but after the YouTuber shared a post on his Snapchat on Sept. 27 talking about it, several Twitter users picked up the story resulting in more attention for the NFT.

Now, the token has a bid of 1.5 ETH on NFT marketplace OpenSea, around $1,900 at the time of writing.

Paul isn’t the only one feeling the pinch after the crypto market took a sharp fall in May.

NFT trading volume has plunged 98% from the $6.2 billion witnessed around the end of January to $114.4 million today.

Crypto trademark applications rise

Data shared by trademark attorney Mike Kondoudis on Twitter shows so far this year, 4,618 United States trademark applications have been filed with the U.S. Patent and Trademarks Office (USPTO) related to the Metaverse and virtual goods or services, with 367 of those taking place in September.

*Crypto related trademark applications by month. Source: Mike Kondoudis*

Notable filings for the month include the car brand Ford filing 19 trademarks for all its major models of trucks, cars, and vans to be represented in an NFT as virtual vehicles.

Whiskey manufacturer Jack Daniel’s filed a new trademark application on Sept. 19 for NFT-authenticated media, virtual beverages, barware, clothing and digital collectibles.

Media brand Viacom International filed two trademarks for the Teenage Mutant Ninja Turtles on Sept. 12 to expand the brand into NFT-backed media, crypto collectibles and crypto-collectible transfer software, while Paramount Pictures filed two trademarks for their Mean Girls brand on Sept. 12 for similar applications.

Binance set Guinness World Record for the largest crypto lesson

Crypto exchange Binance teamed up with Mexico-based agency the Talent Network to break a Guinness World Record for the largest cryptocurrency lesson in the world during an Oct. 7 class at Blockchain Land, Nuevo León, Mexico.

While only 289 people attended the 50-minute class held by Binance, it was enough to break the record.

Carolina Carnelli, head of marketing at Binance in Latin America, instructed the attendees on crypto and Web3, how they can contribute to the freedom of money and financial inclusion around the world and the benefits of blockchain.

The lesson also featured a remote presentation from Changpeng Zhao, Binance’s founder and CEO.

The hybrid event combined in-person and online attendees, but online participants did not count toward the total for the record.

The Talent Network has two previous records already, for the world’s largest robotics class in 2018 and the world's largest software class in 2019.

More Nifty News:

Ethereum blockchain-based metaverse projects Decentraland and Sandbox hit back at reports suggesting low daily user activity on their platforms, claiming the data used was based on a “misinformed” metric.

The anonymous creator of decentralized finance (DeFi) project aggregator DefiLlama, 0xngmi, announced on Twitter that their smart contract code for a novel NFT borrowing and lending protocol dubbed LlamaLend is near completion. The protocol aims to solve the problem of NFT holders needing to obtain liquidity when holding their digital collectibles and primarily targets small collections.

Fake Solana wallet security update is trying to steal your crypto: Reports

October 11, 2022 Coin Telegraph

Coin Telegraph

Password-stealing malware is being spread by hackers through NFT airdrops purporting to be Solana Phantom security updates.

For the last two weeks, unknown hackers have been airdropping nonfungible tokens (NFTs) to Solana cryptocurrency users masquerading as a new Phantom wallet security update, however, instead of an update, it's malware designed to steal their crypto.

According to BleepingComputer, the hackers are claiming to be from the Phantom team and using NFTS titled "PHANTOMUPDATE.COM" or "UPDATEPHANTOM.COM."

After opening the NFT, users are told a new security update has been issued for the Phantom wallet and can be downloaded by using the enclosed link or the listed website.

To add urgency, the message claims that failing to download the fake security update, “may result in a loss of funds due to hackers exploiting the Solana network.”

The fake NFTs being used to spread malware. Source: BleepingComputer

The urgency piece is likely related to the Solana-based wallet hack which saw roughly $8 million stolen from 8,000 wallets in August, including those of Phantom wallet users. The security exploit was later linked to vulnerabilities within the Solana-based Web3 wallet service Slope.

Should a victim follow the fake Phantom update instructions, the process ends with malware being downloaded from GitHub which attempts to steal browser information, history, cookies, passwords, SSH keys and other information from the user.

Users who may have inadvertently fallen prey to this scam are recommended to take security precautions such as scanning their computer with antivirus software, securing crypto assets, and changing passwords on sensitive platforms such as bank accounts and crypto trading platforms.

In the past, similar malware-spreading campaigns have employed malware dubbed "Mars Stealer" to steal crypto from unsuspecting users.

An upgrade of the information-stealing Oski trojan of 2019, Mars Stealer targets more than 40 browser-based crypto wallets, along with popular two-factor authentication (2FA) extensions, with a grabber function that steals users' private keys.

Snoop Dogg Associate Joins Gala Music Board, Death Row Records Steps Closer to Blockchain Commitment

October 8, 2022 Bitcoin.com

How to mint an NFT on Solana SolSea?

October 8, 2022 Coin Telegraph

Coin Telegraph

Solana SolSea is an alternative to well-established NFT marketplaces like OpenSea. It is more appealing to NFT creators, with low costs, speed and a friendly interface.

The allure of nonfungible tokens (NFTs) has been growing in popularity recently, and for a good reason. Nonfungible tokens are a new form of asset that can represent anything from digital art to game items and are stored on the blockchain ledger. This implies that NFTs are unique, immutable and transparent.

People collect NFTs for a variety of reasons, including art appreciation, value speculation and as part of playing games like Decentraland or Cryptokitties that are based on blockchain technology.

There are many possible reasons that NFTs have become popular, and different people will have different reasons for investing in them. Ethereum has become the go-to network for creating these tokens, with the ERC-721 token standard being the most common in the space. However, this led to severe network congestion, heavy fees, and slow transaction processing times. Consequently, other blockchains have begun to offer their own solutions for NFTs.

One such solution is the Solana blockchain, which provides a high throughput that can process thousands of transactions per second. Solana launched its own NFT standard, called SolSea, which allows for the quick and easy creation of NFTs. This guide will show you how to mint NFTs on Solana — specifically, on SolSea, the network’s largest NFT marketplace.

What is NFT minting and how does it work?

NFT minting refers to the process of converting any sort of digital data into a blockchain-based virtual collectible. Almost any digital file can be converted into a token — MP3, WAV, GIF, JPEG, etc. The digital products or files will be kept in a distributed ledger or decentralized database and cannot be modified, updated or deleted.

The process of adding an item to the blockchain is known as minting. It is similar to how a coin is created in real life. So, how long does it take to mint an NFT? It’s difficult to give an exact number because it depends on the file’s intricacy and the blockchain network’s speed. Nonetheless, most NFT platforms, tools and NFT marketplaces simplify the process of NFT generation.

How does NFT minting work? Minting an NFT usually begins with the creator selecting a marketplace or platform on which to mint their NFTs. In this post, let’s look at how to mint an NFT on Solana SolSea.

How to mint NFTs on Solana SolSea?

Before we dive into how to mint NFTs on Solana, let’s quickly go over what Solana SolSea is. Solana SolSea is a decentralized open market for nonfungible tokens that is less costly, faster and more user-friendly than established markets like OpenSea. It is more appealing to nonfungible token creators due to its low costs, quick transaction times and user-friendly interface.

SolSea NFTs are significantly less costly to mint compared to Ethereum-based NFTs since they do not incur the high transaction fees on the Ethereum blockchain.

Guide to minting a SolSea NFT: Step by step

Install Phantom

Phantom is a non-custodial cryptocurrency wallet and browser extension. It is often referred to as the MetaMask of Solana due to its similar features and functionality. Go to the Phantom.app and download and install it as an extension for your preferred browser.

Install Phantom as a browser extension

Create a new wallet

After installation, the Phantom icon will appear on the top right Extension button. Click the icon and follow the prompts to create a new wallet. The icon redirects the user to a new page to continue the wallet creation process.

Create a new wallet

The user is given a secret recovery phrase that can be used to restore their Phantom account if they need to reinstall it on another device. If this phrase is lost or written down incorrectly, the wallet cannot be restored and the user may lose their funds, making this step the most important part of creating the wallet. As a result, it’s critical to keep a recovery phrase in a safe and secure location. Phantom will be added to the Browser after completion. It may be accessed by clicking on the Phantom logo in the menu bar.

Funding the wallet

To be able to create NFTs, you must first acquire Solana (SOL), the native cryptocurrency of the Solana blockchain. There are two primary methods for obtaining SOL:

Stake other cryptocurrencies such as Bitcoin (BTC) or Ether (ETH) in a validator to earn SOL rewards.
Use an exchange that supports SOL trading pairs to buy SOL with other cryptocurrencies.

Fund the wallet

Once the wallet is funded, the minting process on Solana can begin.

Creating a new account on SolSea

The next step is to create an account on SolSea by connecting the wallet to the SolSea platform. Click on the “Connect Wallet” option at the top right and choose Phantom from the drop-down menu.

Connect a wallet on Solana

A message will appear on the screen asking if it’s okay for Phantom to connect to the wallet. If approved, SolSea will be able to access the funds held in the wallet and any activity related to it and request permission to authorize transactions.

Solana NFT Marketplace

After connecting, users will be redirected to SolSea’s sign-in page. They must enter a valid email address on this page and create a strong password. Users are required to agree with SolSea”s Terms of Service and Privacy Policy before proceeding.

After the account agreement, SolSea sends an email to verify the new SolSea account. The wallet will be linked to the SolSea platform automatically after completion. Now it’s time to mint the NFT using the process below!

Create an NFT Collection

Initially, all NFTs must be created in a collection. Go to the “Create” tab and click on Collection to create a new collection.

Create an NFT collection

Select a title and provide a description of the collection.
Please upload both the header image and the icon.
Add social media accounts and websites (if any). This is important for engagement and marketing purposes.
When ready, click “Create Collection” and sign the transactions to mint the collection. If a message appears saying that your mint transaction failed, don’t fret! It’s likely just a glitch on SolSea’s end. Be patient and the transaction will hopefully go through in due time.

To be sure if the mint was successful, go to the wallet and view the SOL transaction history. If the minting transaction is listed, it means that the NFT collection was successfully created! After the transaction has been verified, go to Wallet and select My Collection.

Minting a SolSea NFT

Follow the steps below to mint a SolSea NFT:

After creating an NFT collection, head back to the Create page and, this time, select “NFT.”
From there, upload the image, video or audio file you wish to mint as an NFT. Make sure to read the requirements for each file type before uploading to avoid any issues. The accepted file formats include MP4, MOV, 3GP, JPEG and PNG for videos and images.
Provide a title and description for the NFT.
Determine the royalty payments. This is the percentage the creator will earn each time THE NFT is resold on the secondary market. The percentage range is from 0% to 50% and may be customized based on the owner’s strategy.

The subsequent sections are optional, but one can complete them, such as a link to the artwork’s page on another site – if there is one – so people may learn more about the work. Choosing the appropriate tags is crucial since they’ll be used in searches.

SolSea is also the first NFT marketplace to embed licenses on NFTs. These licenses ensure that the original creator is always attributed and that they receive royalties from future sales, no matter where the NFT changes hands.

Prior to minting, confirm that all the information is accurate. After an NFT is minted, its attributes can't be revised. Subsequently, after hitting “Mint,” sign the transaction on Solana to finalize the minting process. Congratulations, now check out the newly minted NFT by clicking “See your Mint.”

The new NFT will be automatically added to the Phantom wallet, which you can view next to the $ icon. Once it is listed on SolSea, it will no longer be visible in the wallet.

The next step is to list the NFT.

Simply go to Wallet, and select “NFTs In My Wallet” from the drop-down bar.
Click on “List NFT” and choose a price.
After finishing, return to My Wallet and explore the newly-listed NFT.

Finally, it’s time to market the NFT.

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