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Foil Network | Journal

Logo of telegram channel foil_network_news — Foil Network | Journal F
Logo of telegram channel foil_network_news — Foil Network | Journal
Channel address: @foil_network_news
Categories: Cryptocurrencies , Crypto News
Language: English
Subscribers: 1.82K
Description from channel

Foil offers blockchain solutions: on-chain storage, pure nft with storage, verified and semi-anonymous statuses, asset tokenization, electronic voting.
📖 Our blog: https://foil.network/blog/
💬 Our chat: @Foil_Network
🌐 Site: https://foil.network/

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The latest Messages 8

2022-01-27 14:14:27 ​The results of FOIL NEW YEAR AIRDROP!

Friends, we just recently held our New Year's Eve airdrop! Hit react if you participated!

The winners were chosen randomly, we've already contacted everyone by mail to clarify their Foil wallet addresses. Please check your emails and give us feedback!

In case we don't hear back by Monday, January 31, we will be randomly selecting other winners

Thank you for your understanding
102 views11:14
Open / Comment
2022-01-26 18:00:13 ​ Bored Ape is cheap

An exploit on the NFT OpenSea trading floor allowed one buyer to purchase Bored Ape Yacht Club (BAYC) NFTs for tens of thousands of dollars less than the collection's minimum price.

The buyer, with the nickname jpegdegenlove was able to sell out BAYC #8924 for 6.66 ETH (about $14,700) and #8274 for just under 23 ETH (about $50,800). And all this despite the fact that the minimum price of BAYC NFT is currently 86 ETH (currently just under $200,000)

The BAYC NFT collection is OpenSea's #2 all-time collection. It has sold over 338,000 ETH in secondary sales. Etherscan even tagged the account as "OpenSea Opportunistic Buyer."

Even stranger, the two Bored Monkeys are now owned by someone named Juan Fdez. And he still hasn't responded to requests for comment.

After the incident, several BAYC holders gathered on Twitter Space to discuss the incident and get to the bottom of what happened. After discussing how OpenSea listings work, it emerged that some holders, such as TBaller, had not paid the necessary Ethereum fees to completely exclude their item from the listing. Instead, they opted to use OpenSea's transfer feature.

If NFT holders transfer their NFTs from the primary wallet to the secondary wallet and back to the primary wallet, they can virtually exclude their item from the OpenSea listing. However, this transfer method does not override previous listings in the blockchain backend, which in turn makes NFTs vulnerable to an exploit.

Using orders.rarible.com provides a solution for concerned NFT holders, as it allows users to view all previous and current listings of their NFT on Rarible or OpenSea. They would then have to pay fees to effectively cancel those old listings and eliminate the ability to buy them off the blockchain.

At this point, OpenSea has not yet confirmed the problem.

But Decrypt has reached out for comment...
58 views15:00
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2022-01-26 15:00:02
What is a blockchain?
Anonymous Quiz
77%
It's a continuing chain of blocks of information that cannot be changed or deleted.
15%
It's a computer connected to a shared network, a blockchain node.
8%
it's of a system with resources, power, and so on distributed among a multitude of entities.
13 voters73 views12:00
Open / Comment
2022-01-26 08:00:01 ​Survey: 56% of gamers are interested in NFT and play-to-earn systems

The survey was conducted by Interpet at the end of 2021. Jesse Divnich, senior vice president of the company:

"Whether free-to-play, downloadable content (DLC), the transition to full digital downloads, subscription gaming services, the concept of season/battle passes, etc. - these all went through the dark phase that play-to-earn is going through right now. Gamers appreciated these concepts from the get-go, but it took some time for the industry and players to get on a similar wavelength. It's a learning and discovery process on both sides."

Send any emoji if NFT is the future
93 views05:00
Open / Comment
2022-01-25 15:00:02 ​Twitter has added the ability to show off their NFTs on profile pictures

The feature is now available to premium Twitter Blue users for iOS

"This is annoying," says Elon Musk, but what can we do? That's the way technology is.
108 views12:00
Open / Comment
2022-01-25 13:16:26 Fellows! Great news!

Our team has decided that active chat users are to receive tokens for their messages

What does it mean?

It means that a bonus chat will be launched in the community very soon. You'll be able to earn Foil tokens for activity and discussions in the community.

While you are sharing your reactions and asking questions, our developers are making final adjustments to the test version. An announcement is coming soon! Don't miss it!

Detailed terms and conditions will be described in our next posts.
108 views10:16
Open / Comment
2022-01-25 08:00:01 ​Glossary of Cryptocurrency World Terms

Floor is the lowest limit of a token's value on the marketplace.
Hodl is the process of holding a token regardless of the marketplace situation
Fomo - fear of missing an interesting event or good opportunity, provoked by SNS, studying the opinions of other users
FUD - a special manipulation technique, for example, one of the users of a crypto community presents information in a manner that leads to a general panic.

What term was unfamiliar to you?
111 views05:00
Open / Comment
2022-01-24 15:00:03 ​The story of how exciting it is to get rid of $3 million!

To begin with, in the 1970s, director Alejandro Chodorovsky wanted to make a grandiose film adaptation of Dune. Yes, yes, that one. Frank Herbert. And this was long before David Lynch and Denis Villeneuve's Dune.

In an effort to sell the film to Hollywood studios, Chodorovsky printed 20 volumes detailing the script, costume design, visuals and storyboards. They were called The Director's Bible.

As conceived by Chodorovsky, the music for his film should have been written by the legendary Pink Floyd, the design was responsible for the author of the film "Alien" - Hans Rudy Giger, and the main roles were going to play Orson Welles, Salvador Dali, Mick Jagger.
The scale was staggering!

But something went wrong and the studio withdrew its sponsorship. The film was never made and the story "fell off the radar" until 2021. But three months ago, one of Hodorowski's volumes went up for auction. Appraisers predicted they would sell it for $30,000. But they were dead wrong. The book went under the hammer for 100 times that amount!

The book was purchased by 25-year-old NFT collector Soban Saqib of California. And he paid $2.9 million for the lot. The guy planned that the book would become public, and the author's animated series would be made based on its contents. It was going to be sold to a streaming service.

Only our hero was not too careful - buying a physical copy of the book is not buying the copyright...

Bottom line: Right now the whole internet is giggling at the "thoughtful" buyer. The pages of the $3 million book are available on the Internet for free. That's how digital Robin Hood gave everyone a $3 million infomercial.

But in our blockchain, a similar story won't happen. Because Pure NFT - literally proves your copyright!
51 views12:00
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2022-01-24 08:00:02 Evgeny Kuzin about Foil Network: 3 words to characterize Foil - Development, Innovation, Responsibility

And we've got a cool big article about the Foil ecosystem. Don't be lazy, read it now!
73 views05:00
Open / Comment
2022-01-23 16:56:42 ​Foil Network has gathered the latest and hottest news of the week!

Friends, here's the Digest: a new section that will keep you in the loop!

So what's going on in the crypto world?

The American company Walmart has plans to create its own cryptocurrency and a collection of non-fungible tokens (NFTs)
The number of addresses with a balance of 10,000 BTC or more is growing again
OpenSea acquired DeFi startup Dharma Labs to facilitate the exchange of fiat into cryptocurrencies.
And a little bit about Russia: FSB convinced the head of the Central Bank to support a ban on all transactions with cryptocurrencies in Russia.
The U.S. SEC promised tougher scrutiny of bitcoin exchanges.

Is there anything you have learned this week? Tell us!
98 views13:56
Open / Comment