Non-fungible tokens are a technology that has transformed the world in many ways since their creation and rise to mainstream glory. It's undeniable that they have had some positive contributions - they have made creating and interacting with art more accessible than ever, have challenged traditional art institutions, and [...]
A Youtuber going by the name Coffeezilla has unveiled a plot by NFT scammers who were planning to make a potential $20 million through illicit ways. On the 16th of February 2022, Coffeezilla released a video with a detailed description of how the scam was supposed to go down. [...]
The NFT industry is growing with no sign of stopping in sight. NFTs are an innovative concept that gives the owner a distinct digital asset that can be identified and verified on the blockchain network. Every new technology brings many exciting opportunities for convenience, pleasure, and financial gain, challenging [...]
According to a report released this week by blockchain data firm Chainalysis, users are buying their own NFTs to drive up prices on the NFT market. The act of purchasing and selling securities to deceive the market, known as "wash trading," was previously popular on Wall Street but has [...]
A bug on OpenSea, the non-fungible tokens (NFT) marketplace has allowed a number of attackers to purchase several high value NFTs with a massive discount and then sell them on making huge profits. The bug was discovered as early as December 31st, 2021, and allowed the attackers to purchase [...]
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