https://t.me/nftsdefifinance

2022-08-25 21:55:07 Snoop Dogg and Eminem to enter the metaverse for VMAs performance

As far as the Eminem/Snoop Dogg performance goes, MTV announced that it’s partnered with Yuga Labs “to bring this creative to life.” Yuga is the company behind Bored Ape Yacht Club, the NFTs being awkwardly shilled by Jimmy Fallon and Paris Hilton (among other shameless celebrities). For what it’s worth, Yuga Labs is also embroiled in a lawsuit with artist Ryder Ripps, who has accused its creators of embedding their NFTs with racist imagery originating from alt-right forums like 4chan.

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2022-08-24 22:05:09 NFTs worth $100 million stolen in past year, Elliptic says

Thieves stole over $100 million worth of non-fungible tokens in the year to July, blockchain research firm Elliptic said on Wednesday, as the fast-emerging digital asset became a new front in crypto's hacking problem. NFTs are blockchain-based assets that represent digital files such as images, video or text. read more. The market surged in 2021 as crypto-rich speculators spent billions of dollars on the assets, hoping to profit as prices rose. But since cryptocurrency prices crashed in May and June this year, NFT prices and sales volumes have plunged. read more. Scams remain rife in the NFT market even as it declines, with July seeing the highest number of NFTs reported stolen on record, London-based Elliptic said in a report.

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2022-08-23 20:10:10 Ethereum NFT Lending Service BendDAO Aims to Solve Its Liquidity Crisis

BendDAO, which uses NFTs as collateral to loan Ethereum to borrowers, is in hot water. The project's DAO—a community centered around a shared initiative that uses blockchain-based tokens for collective voting—must now decide whether to adopt a new policy on its liquidation thresholds after seeing its treasury all but drained. According to Etherscan data, the DAO’s wallet has since received a small influx of funds and now holds roughly 425 ETH, but things aren’t exactly stable yet.

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2022-08-23 09:09:59 TikTok preps for midterm misinformation chaos

TikTok’s head of US safety, Eric Han, outlined how the company plans to combat the threat of harmful misinformation. First, TikTok will begin rolling out its Election Center this week in order to provide authoritative voting information in the coming weeks and results from the Associated Press once they are reported.

While TikTok banned paid political advertising in 2019, Han said the platform is emphasizing the existing policy regarding prohibit paid influencer content. Throughout the 2020 election cycle, campaign and political groups, including the Biden-Harris campaign, collaborated with influencers across platforms to reach voters who were spending more time online as a result of the coronavirus pandemic. “TikTok does not allow paid political ads, and that includes content influencers are paid to create,” Han said in the Wednesday blog post.

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2022-08-23 09:09:59 Apple employee's job threatened over viral TikTok video

As a secretive company, Apple has rules and guidelines that its employees must follow, in order for the iPhone maker to closely manage its public image. It appears that the policies could result in one employee losing their job at the company, after providing safety and security advice via social media.

Apple hardware engineer Paris Campbell gained overnight fame by posting to TikTok in response to a video about a stolen iPhone, and threats to the victim over the release of personal information unless she removed the Apple ID from the device. Campbell's video explained that the threats were minimal, as the user's data was safe and not accessible to the thief. Campbell also explained that the threats to remove the Apple ID were so that it freed the device up for immediate resale, giving it more value to the thief than if it were kept locked and broken up for parts.

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2022-08-22 20:50:07 BAYC Floor Price Crashes to 67 ETH, Lowest in 8 Months

NFTs from the Bored Ape Yacht Collections have their floor prices reduced to levels not seen since the early days of January 2022. This comes amid fears of massive liquidations on a platform where Bored Ape NFT owners are able to put their apes as collateral. Non-fungible tokens from the Bored Ape Yacht Club collection are going through a majorly rough patch. Apes are currently sitting on a floor price of 67 ETH across the board – something that we haven’t seen since the early days of January 2022. Unlike cryptocurrencies, non-fungible tokens are priced in a way where the floor price is the lowest possible price someone is willing to sell their NFTs for.

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2022-08-21 21:52:02 Yuga Labs Officially Releases IP Rights Tied to Cryptopunks, Meebits NFTs

Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, has officially released the intellectual property (IP) rights tied to the Cryptopunks and Meebits NFTs. The company acquired the IP rights to the NFT collections in mid-March 2022, and owners can use their NFTs for commercial or personal purposes. On March 12, 2022, Bitcoin.com News reported on the Cryptopunks and Meebits non-fungible token (NFT) collections being acquired by Yuga Labs.

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2022-08-20 17:40:08 Adobe CEO explains opportunities in the metaverse

Adobe has a unique role to play and can help brands dip their toe in the metaverse, according to CEO Shantanu Narayen. He believes that the explosive growth we are seeing in the digital economy is here to stay. Speaking exclusively to CNBC-TV18 he made it clear that the genie cannot be put back in the bottle. Narayen believes that the metaverse is very interesting because whatever things you did in the physical world, you are going to do in the virtual world, whether it is experiencing travel, experiencing medical care, transacting business or whether it is online commerce.

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2022-08-19 17:50:08 NFT-backed loan start up Unlockd raises $4.4 million seed round

Unlockd, a protocol which allows users to borrow against non-fungible tokens (NFTs), has raised $4.4 million in a seed funding round led by Blockchain Capital, the company announced on Thursday. Unlockd said the funding will be used for product and development, cross-chain expansion, a tier 1 auditor to ensure protocol security. Founded earlier this year by esports club MAD Lions founder Jorge Schnura and Carlos Otermin, who has a background in consulting, e-commerce and managing a gaming guild, Unlockd’s pooled liquidity model allows NFT holders to borrow against their NFTs while still being able to use them.

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