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A quick Google search for NFT scams results in a seemingly never-ending list of stories describing numerous weird and wonderful ways in which people have been cheated out of thousands of dollars. The world of non-fungible tokens has created a lot of excitement over the past few years, exploding to become a multi-billion crypto industry […]
Four addresses have been flagged relating to Monkey Drainer, including the monkey-drainer.eth address, with Chainabuse showing a long list of reported victims relating to these accounts.
Many NFT drops are turning out to be a scam after some time. Let's assess why the Carlito NFT scam story might be true.
Many NFT drops are turning out to be a scam after some time. Let's assess why the Carlito NFT scam story might be true.
Hackers had access to multiple official social media accounts of the British Army for nearly four hours, when they posted crypto phishing links and scams.
Origin Protocol OGN/USD is an Ethereum ETH/USD powered platform that aims to provide non-fungible tokens (NFTs) and decentralized finance (DeFi) on a global scale.
The NFT and DeFi ecosystem found within Origin is governed by its native cryptocurrency known as the OGN token, which allows holders to ensure transparency oversight, as well as the development of the platform as a whole.
The launch of an NFT marketplace builder as a catalyst for growthAs a means of combating many of the non-fungible token (NFT) related scams that have occurred across the crypto space, the Ethereum-based network known as Origin Protocol has launched a new product.
This new product launched on its flagship “Origin Story” is known as “Collections.”
This is a feature that enables digital asset artists as well as creators to essentially build verifiable NFT marketplaces of their own and encourage their buyers to invest through a secure space.
With Collections, NFT artists can custom-build their official websites and even organize a multitude of different NFT collections from a single dashboard, all whilst being able to generate new revenue streams for marketplace fees.
The revenue can be used to fund future projects and developments.
When we look at their first official partner to power the marketplace with Collections, we can see that it is known as Pudgy Penguins.
In any case, this marketplace builder will combat NFT scams and will provide a higher level of utility as well as value to the OGN cryptocurrency.
Should you buy Origin Protocol (OGN)?On June 24, 2022, Origin Protocol (OGN) had a value of $0.26.
When we take a look at the all-time high of cryptocurrency, we can see that on April 8, 2021, Origin Protocol (OGN) reached a value of $3.35.
Throughout the previous month, Origin Protocol (OGN) had its highest point of value on May 5 at $0.4821. Its lowest point of value was on May 12 at $0.1647. Here we can see a decrease of $0.3174 or 65%.
However, from May 12 to June 24, we can see that OGN has grown by $0.0953 or by 58%.
With this in mind, we can expect OGN to reach a value of $0.5 by the end of July 2022, making it a solid token to buy.
The post As Origin Protocol battles NFT scams with its own builder, how will OGN grow? appeared first on Invezz.
Actor Seth Green’s NFT collection was phished. Scammers phished Green’s four NFTs, including a Bored Ape Yacht Club. As more ...
If a rug pull happened, developers and founders have the civil liability to be responsible for the buyers who fell victim to the project, no matter the reason behind the rug pull.
The post Are Project Owners and Influencers Responsible for an NFT Rug Pull? appeared first on BitPinas.
In a new Twitter thread, blockchain detective Zachxbt has revealed the identities of four people allegedly connected to various Non-fungible token (NFT) rug pulls.
The post Zachxbt levies rug pull allegations against 4 Croatians connected to 9 NFT scams appeared first on CryptoSlate.
A Non-fungible token (NFT) is a digital unit which validates a digital asset as unique and it can’t be interchanged. It is maintained on a digital platform called a blockchain. NFTs can be used to encode photos, pictures, audio, as well as other types of digital information. They’re frequently encoded using the same technology as […]
Investors lost more than 3.2 billion USD in 2021 to crypto scams. And a big chunk of it was due to NFTs. In early 2022 OpenSea, one of the largest marketplaces of NFTs admitted that around 80% of its NFTs are scams or spams, or mere fakes. Digital artists from all over the world have […]
The account of a moderator from the non-fungible token project was compromised in the attack, posting a phishing link that drained user wallets.
Pixelmon was supposed to be a Pokémon-like metaverse game, yet it revealed horrible art and poor game quality.
OpenSea’s mechanism broke and caused accidental sales of expensive NFTs at very low prices.
Surprisingly, the South Park NFT references aren’t as negative as the coverage of the special has made it seem. Covered: The South Park Special’s Many Crypto References Are NFTs Just Ponzis? The South Park Special’s Many Crypto References South Park’s latest special — with a name I will avoid for potential SEO repercussions — delves […]
The post South Park Is More Bullish On NFTs Than You Think appeared first on CryptosRus.
As with any asset - whether digital or traditional - there is a risk of theft.
The FBI warned that the account hijackers work to “create a sense of urgency” with their posts, and urged people to vet any website or potential opportunity before clicking on it.
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