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NFT protocol JPEG’d alerted community members to malicious actors targeting holders of its token as phishing scammers continue to target crypto and DeFi operators.  The P2P non-fungible token (NFT) lending platform JPEG’d posted a notice on X following numerous complaints from users citing phishing campaigns and a booby trap revocation tool. These services are typically employed by web3 users to clear out access previously given to decentralized applications. Bad actors launched a number of malicious platforms mimicking genuine services per the update from JPEG’d. The goal is to secure transaction approval before draining NFTs and digital assets in the wallet.  It has come to our attention that scammers are targeting $JPEG holders claiming false approvals on phishing contracts and linking to a malicious revocation tool. The current name they go under is "Trojansec". Please do not interact with them or any contract that you are unsure… — JPEG'd (@JPE...

Grab, a leading super-app in Southeast Asia with functions ranging from ride-hailing to food delivery, has recently integrated web3 services into its platform, including the offering of NFT vouchers in partnership with the Monetary Authority of Singapore (MAS). As of Q3 2023, the app reportedly had over 34.9 million monthly active users and operates in more than 500 cities. One feature of this update lets users easily create web3 wallets within the app. Moreover, users can earn rewards, making it an attractive choice for those keen on the expanding world of decentralized finance (defi). BREAKING: Grab (taxi, food delivery, payments app) adds a web3 tab with an integrated crypto wallet pic.twitter.com/NRuDsQT9dE — jay (@0xjaypeg) September 7, 2023 Furthermore, Grab is pioneering the integration of non-fungible tokens (NFTs) into everyday consumer experience. The app now allows users to make payments using NFTs, a significant move toward the mainstream adoption of these dig...

Casio is teaming up with Polygon Labs to unveil its virtual G-SHOCK watch on Polygon’s protocols, starting with an NFT community access pass series. Japanese electronics giant Casio has joined forces with Polygon Labs, a prominent Layer-2 scalability solution of the Ethereum blockchain network, to unveil virtual G-SHOCK watches utilizing Polygon’s protocols. In addition to the virtual watches, Casio is gearing up to unveil a collection of community access passes anchored on the NFT (Non-Fungible Token) technology. Starting Sep. 23, enthusiasts can claim one of the 15,000 NFT-based G-SHOCK creator passes that are up for grabs. This initiative also grants users exclusive access to a dedicated Discord channel created explicitly for this project. You might also like: Lufthansa Group taps NFTs, launches loyalty program on Polygon Casio has outlined a two-phase distribution plan for these passes. Initially, individuals registered for a CASIO ID on the official me...

OpenSea deactivates its royalty tool, aiming for transparency and creator empowerment amidst NFT market shifts. Devin Finzer, the founder of the OpenSea NFT marketplace, has announced that it will be deactivating its royalty enforcement tool.  Starting Aug. 31, OpenSea will no longer maintain the Operator Filter tool. This change will remove any limitations on marketplaces going forward.  To improve transparency, OpenSea is streamlining the process for individuals to determine whether a sale includes the creator’s fee. However, creators who have already implemented the Operator Filter or are utilizing specific digital collections will continue to have their desired fees apply to sales until Feb. 29, 2024. As stated by Finzer in an announcement on Aug. 17, the upcoming changes to the platform aim to empower creators and enhance autonomy within the decentralized web3 ecosystem.  You might also like: Blur dominates, flips OpenSea despite falling NFT trading volume...

A combination of human expertise, NFTs and blockchain technology could help humanity protect its priceless artifacts from theft and looting. Computer scientist Adel Khelifi, of the University of Abu Dhabi, and archaeologist Mark Altaweel, from University College London, recently announced the development of a Web3-based verification-as-a-service model for determining and recording the authenticity and provenance of cultural artifacts.  Called Salsal, the big idea behind the service is to bridge the world of historical artifacts with an on-chain validation system that can’t be fudged or cloned. In an email interview with Cointelegraph, Altaweel said Salsal would be offered specifically to “ cultural heritage organisations.” Related: TemDAO world heritage project helps cultural sector through democracy-fueled donations There currently exists no official globally recognized registry for items of historical significance. Despite this, most territories have laws governing the procurement...

The top 100 DeFi tokens didn’t see much change in price over the past week, with the majority posting minor weekly gains. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The second quarter of 2023 saw over $208 million exploited and hacked from DeFi protocols, and with just $4.5 million of funds recovered, total losses to exploits were over $204 million. The DeFi ecosystem is an ever-growing industry with billions of dollars in daily trading volume. Still, it remains niche to a small population in the crypto industry and out of reach for some. For a thorough overview of DeFi, check out the new report from Cointelegraph Research titled: “Investing in DeFi: A Comprehensive Guide.” The DeFi lending protocol Maple Finance has decided to offer direct loans to some borrowers instead of relying solely on pool delegates to provide capital to fill the void...

Discover the countries leading blockchain adoption with innovative solutions, supportive regulations and more. Countries lead blockchain adoption for various reasons, including recognizing its potential to transform multiple sectors of the economy, promoting innovation and economic growth, and creating a favorable regulatory environment to attract blockchain businesses. Types of blockchain communities that lead blockchain adoption Blockchain communities refer to groups of individuals, organizations and companies involved in developing and using blockchain technology. These communities form to share knowledge, collaborate on projects and advance the adoption of blockchain technology. There are different types of blockchain communities, including: Developer communities: These groups of blockchain developers work together to create protocols, programs, smart contracts and other blockchain-based projects. Industry communities: Communities developed around specific industries or sectors, ...

Lack of data accessibility is a key challenge for the NFT sector. Here is how a data analysis tool is bringing transparency and liquidity to the market. Nonfungible tokens (NFTs) have grown into a distinct sector within the blockchain industry, but they still have to address several challenges before aiming for mass adoption. One of the key issues of the space has to do with data accessibility, or mostly, the lack of it. Unlike the broader crypto industry, the NFT market is still in its infancy, and there are relatively few resources available for tracking NFT collections, exploring detailed statistics and analyzing market trends. To begin with, the NFT market lacks standardized data formats and metadata. This can make it difficult for NFT buyers and sellers to share and analyze data, such as ownership history, provenance and other important details. Without access to meaningful data, it can be challenging for buyers to make informed purchasing decisions and for creators to accurately...

Twitch streamer and NFT project founder DNP3 admitted in a Twitter post that he gambled and lost investor funds. DNP3, a streamer and founder of several crypto projects like The charity-focused crypto CluCoin, The Goobers NFT and the metaverse platform Gridcraft Network has admitted to losing investor funds through gambling.  In a tweet, the nonfungible token (NFT) project founder talked about his gambling addiction and issued a public apology. I’m sorry. Read: https://t.co/RKM1wYggnC — DNP3 (@DNPthree) January 3, 2023 The Twitch streamer said that he got "incredibly addicted" to gambling in the last year. Eventually, the Twitch streamer claimed that he lost everything. He wrote:  “In addition to my own life savings, I also irresponsibly used investor funds to try and get my money back from the casino which was wrong for so many reasons.” The streamer added that he is now financially and spiritually broke. He also highlighted that his sense of trust in himself is compromi...

China emerged as one of the first nations to embrace the industry. This was during a time the majority of the world’s population knew very little about the crypto-verse. Now that every country seems to be moving into the sector, China has made the decision to outright ban all things cryptocurrency.  The nation evidently smashed notable Bitcoin mining giants and passed a broad ban on the sector. However, the country had mixed feelings regarding the metaverse and NFTs. Recently, the Zhejiang Province of China announced its plans to construct a metaverse industry. It was estimated to be worth more than $28.7 billion by 2025. As per the latest report from a local media publication, China is set to launch its first regulated NFT platform on January 1, 2023. JUST IN: 🇨🇳 China is set to launch its first regulated #NFT platform on January 1, 2023. — Watcher.Guru (@WatcherGuru) December 28, 2022 China is diving into the NFT realm According t...