The Nomad Protocol has rolled out the Nomad Whitehat Prize. It’s a new scheme under which hackers who pillaged the Nomad bridge earlier this month are motivated to return the stolen funds in exchange for a Whitehat-inspired NFT. Exclusive NFTs and more Nomad has teamed up with NFT firm Metagame, with the latter creating a […]
Nomad has teamed up with NFT firm Metagame, with the latter creating a non-fungible token of quite literally a white wizard’s hat. As per the offerby Nomad, any hacker who returns at least 90% of the funds he/she stole is eligible to mint the exclusive NFT. All returns are verified using Metagame’s open source EVM-translator.website“We support people doing the right thing even if it’s for the wrong reason, and we hope that things like this will encourage more people to do the right thing.
Metagame founder Brennan Spear believes that to recognize individuals who do the right thing is to incentivize future good deeds for the benefit of the community. In addition to Metagame’s NFT, Nomad is also collaborating with social Web3 platform Forefront to offer 100 FF tokens. These, at the time of writing, were worth $24. However, this offer is only valid for the first fifty people who return funds.Twitter users did not hold back while roasting the offer meant to incentivize “good samaritans” to return the funds they took during the bridge raid. In fact, it’s safe to say that users were not amused with the offer that Nomad came up with.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NFT lending platform BendDAO initiates vote to alter protocolRipples of the credit crisis that affected several crypto-exchanges are now being felt in the NFT space. Popular NFT-based lending platform BendDAO has now initiated a vote to approve emergency changes. This, in a bid to avert what experts are describing as a “death spiral” for the NFT market. In fact, an alarming statistic recently […]
Read more »
This NFT collection is defying crypto winter to impress investorsNFT global sales experienced a sharp decline in volume during the seventh month of the year. This was mainly due to decreased investors’ interest in digital collectibles. But a new course or a battleground might be brewing for enthusiasts to look into. Winter is here As mentioned above, NFT sales witnessed a massive decline in […]
Read more »
Five years from now, where will the NFT market really be?A study by the UK-based market research firm Juniper Research recently analyzed the trajectory of the non-fungible token (NFT) market over the next five years. It has predicted that the number of global NFT transactions will hit the 40 million-mark by 2027. In fact, in a recently published whitepaper titled ‘NFTs – Seizing the Metaverse […]
Read more »
Shoutout to all NFT holders- Here’s something you should knowThe NFT market is set to face another big test as bearish headwinds continue to crash floor prices. The latest scrutiny will be confronted in a legal battle now. Former OpenSea manager, Nathaniel Chastain, recently claimed that the United States wants to set a precedent after accusing him of insider trading. Chastain’s legal team has […]
Read more »
Ronin Bridge Hack: $625M in stolen crypto-funds now on Bitcoin networkAccording to the latest report by blockchain developer and researcher BliteZero, Ronin hackers have transferred the stolen assets from the Ethereum network to the Bitcoin network. Following the Ronin bridge incident in March, the hackers moved $625 million worth of USDC and ETH to the Ethereum-based crypto-mixer Tornado Cash. This made it challenging for law […]
Read more »