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CoinMarketCap takes a look at some of the most prominent play-to-earn and NFT events this week - from OpenSea freezing the account of the NFT thief to Eminem joining the Bored Ape Yacht Club. Read more! 👇
Is centralization truly bad for crypto space? What happens if your funds or highly-prized NFTs are stolen? An NFT collector was forced to swallow the hard pill after losing over $2 million worth of NFTs in a phishing attack. Meanwhile, tech companies like Samsung are already integrating NFTs into their devices, spelling the beginning of mainstream adoption. Here’s a summary of some of the most interesting NFT news over the past week.
In a later tweet, Kramer revealed that top NFT marketplace OpenSea had stepped into the matter in a bid to help him recover the stolen assets.Despite Kramer’s ordeal, some members of the crypto community have argued against the idea of calling on a third party to freeze the stolen NFTs, and this may have prompted the NFT collector to delete his tweets. Twitter user Forculus said:
Last year, the band’s management agency, Hybe, voiced its intention to launch a range of digital collectibles based on its roster of artists. Apparently, fans of BTS were not pleased with the decision, with many taking to Twitter to protest against the environmental impact of NFTs. Interestingly, the Grammy award-winning rapper now owns an ape that looks a lot like him. He splashed a whopping 123.45 ETH or $452,000 on the NFT. BAYC member GeeGazza sold the blonde ape to Eminem, expressing his total disbelief that the rapper would eventually pick up the piece.Back in November, GeeGazza said he wanted to sell the piece to the rapper.
Most of the market’s growth has been from the Bored Ape Yacht Club collection. As of press time, the Mutant Ape Yacht Club NFTs had generated over $93 million worth of trading volume in the past seven days. Similarly, as per data from CryptoSlam, the original Bored Ape collection saw over $85 million in volume.
As for the Meural Frames, they are available in a plethora of sizes, from the desk-sized 15.6-inch photo frame to the much larger 21-inch and 27-inch wall-mounted canvas frames .
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NFT Billionaires: OpenSea Founders Each Worth Billions Following Latest Funding RoundI'm a reporter on Forbes' wealth team covering the world's richest people and tracking their fortunes. I was previously an assistant editor for Forbes' Money & Markets section, and I worked for Bloomberg and Pitchbook News before that. I studied history and economics at the University of Virginia, where I also wrote for the student paper and a very secretive underground satire magazine.
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