NFT news

NFT stands for non-fungible tokens. Basically, something you have full ownership of that can be verified on the blockchain. These tokens can be a signifier of ownership of digital and/or physical goods.

What does the non-fungible element mean? Well, the cash in your pocket - $, £, € or whatever you use - is fungible. You can trade one piece of paper in your currency for another and receive zero loss in value.

A one-of-a-kind artwork, however, is non-fungible. If you traded it for a different piece of art, you’d have something completely different. You gave up a Monet and got a Pollock in return. Two very different paintings with different styles and different values.

NFT assets are based on the distributed ledger tech of blockchain. At the time of writing, they're most often used for the authentication of ownership of certain elements - either digital or physical.

At DeRev we see an exciting future for NFTs and want to keep you up-to-date with the most exciting developments so you're never left out of the loop.

NFT news

NFT Supergroup KINGSHIP Launches NFT Print Boxes in Collaboration With M&M

KINGSHIP, a Non-Fungible Token (NFT) themed metaverse platform, has partnered with confectioneries giant, M&M’s to create digital collectibles-themed candies.
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NFT news

Nomad Bridge’s Hackers to be Rewarded With Whitehat-Themed NFT

Nomad have offered a "white hat" NFT to hackers who return 90%+ of the funds stolen in a recent hack. However, the response to this offer has been less than ideal.
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NFT news

Beijing Municipal Government Unveils 2-Year Metaverse Development Plan

The Beijing Municipal government is setting out on a 2-year metaverse project despite their ongoing battle with any crypto or NFT brands in the country.
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NFT news

NFT Marketplace SudoRare Suffers $800k Exploit After Making its Debut

It appears that Sudorare NFT marketplace has rugged after only 6 hours in operation.
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NFT news

BAYC NFT floor price crashes to 67 $ETH, Lowest in 8 Months

Bored Ape Yacht Club has hit some turbulent times. The floor price is now the lowest it has been for around 8 months and is causing many owners to have their NFTs liquidated.
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NFT news

19 celebrities including Justin Bieber and Reese Witherspoon accused of shilling NFTs

Tina.Org - or Truth in Advertising - have published findings after an investigation into celebrity shilling of NFT projects. They've named 19 celebrities they accuse of shilling NFTs to which they have material connections, yet fail to disclose.
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NFT news

GameStop Finally Rolls Out New NFT Marketplace

GameStop, one of the industry-leading video games retailers, has finally launched its NFT marketplace.
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NFT news

Gamestop's NFT marketplace - Have they missed the boat?

The recent launch of Gamestop's NFT marketplace looks doomed to failure.
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NFT news

Is the NFT sales slump a blessing in disguise?

Is the sales slump for NFTs a blessing in disguise? Or does it spell the end of NFTs.
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NFT news

Coinbase NFT Marketplace Gets Off to Rocky Start

The cryptocurrency exchange's newly created NFT marketplace, Coinbase NFT, has so far failed to attract consumers.
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NFT news

Scammers Create “Otherside” Gas Refund Phishing Sites to Steal NFTs

The entire crypto community has been witness to one of the largest NFT launches. The much-awaited “Otherside” metaverse by the Bored Ape Yacht Club launched successfully, amassing breathtaking sales, but with a catch. The total NFT sale has wasted around $180 million ethereum in gas fees. The entire event turned into a gas war and a spree of failed transactions.
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NFT news

NFT Scams in the UK Have Increased by 400% Between 2020 and 2021

The NFT Club experts have compiled the latest data and put out a guide to help NFT investors stay cautious and safe from the surging NFT scams.
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NFT news

An NFT Music Theft Prevention Patent Was Filed by a South Korean Music Sharing Platform

A peer-to-peer music platform in South Korea called the Koong World did something different by registering an anti-music theft patent. It was filed with the Korean Intellectual Property Office.
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NFT news

NFT Rug Pulls? ERC721R Comes to the Rescue

The NFT ecosystem has to deal with a lot of criticism, particularly from newcomers to the field. And some of their points are well-made. Rug-pulls, misleading revelations, and teams quitting projects are still all too common in the area. 
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NFT news

NFTs Worth Approximately $13.7 Million Stolen as the BAYC Discord and Instagram Gets Hacked

The community of the Bored Ape Yacht Club (BAYC) has had a rough start to the week, as several users fell victim to a fake mint link.
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NFT news

Bitsneaks Sneaker Will Bring Bitcoin Mining and Price to Your Feet

Bitrefill is teaming up with NBA player Spencer Dinwiddie to produce Bitsneaks, a high-tech shoe that shows the current bitcoin price.
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NFT news

Hacker Steals $182 Million From Beanstalk in a Flash Loan Exploit

Beanstalk Farms, a credit-based stablecoin platform, lost all of its $182 million collateral in a security breach triggered by two nefarious governance proposals and a flash loan assault.
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NFT news

Meta to Charge 47.5% Commission From Every NFT Sale in Its Metaverse

Meta, the parent company of Facebook, plans to charge up to 47.5% of fees from every digital assets sale on its marketplace called Horizon Worlds.
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NFT news

Scammers Are on a Verified Twitter Account Hacking Spree Promoting Fake Azuki NFT Airdrops

Twitter users should be wary of a new fraud that has surfaced on the network. Do not click the link and connect your Ethereum wallet if you've been tagged in a discussion about an excellent opportunity for free Azuki NFTs. It's most likely a hoax, and it's not an official endeavor from Azuki's designers.
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NFT news

Forbes Enters the Metaverse Realm With Virtual Billionaires NFT Collection

Forbes has released a first peek of their virtual Billionaires NFT collection, a first for the media sector. A set of fictitious investors with a massive theoretical portfolio and virtual net worth based on actual New York Stock Exchange prices are included in the collection.
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NFT news

Scammer Hacked UGC India Twitter Account and Promoted a Fake Azuki NFT Airdrop

The University Grants Commission's Twitter account was hacked late Saturday night. Ever since, the account has been in the spotlight. According to the latest news, the official Twitter account has already been restored. 
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NFT news

Soulaymane Exposed as the $1.6 Million Crazy Camels NFT Rug Puller

Another NFT rug puller is on the run after being uncovered by crypto and blockchain investigator Zachxbt. Soulaymane Mahzoul, a French e-commerce specialist, is the uncovered mastermind.
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NFT news

Breaking Down How s27 Lost $567K Worth of NFTs in a Single Click

In what appears to be a never-ending spree of NFT scams, another victim loses $567k. The bored ape holder who goes by the name s27 is the one who fell for the bait.
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NFT news

Chancellor of the Exchequer Rishi Sunak Asks the Royal Mint to Create Government-Backed NFTs

The UK government is making some bold moves as the entire nation fights to stay at the top of global crypto leaders. In a speech at the economic update session at the House of Commons, chancellor Rishi Sunak made his statement.
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NFT news

Official Formula 1 NFT Game Shuts Down, Tokens Now Worthless

F1 Delta Time, which launched in 2019, was one of the first licensed NFT titles out there. The game was present way back before the whole NFT and metaverse realm exploded.
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NFT news

French Influencer Laurent Correia Exposed for His $960K NFT Rug Pull

The popular French influencer who, in fact, even has a reality TV show was exposed by Zachxbt. Zachxbt is a crypto investigator who frequently busts and uncovers rug pullers, scammers, and hackers.
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NFT news

Two NFT Founders Charged over $1.1M NFT Rug Pull and Money Laundering Scam

Frosties NFT creators rug pulled investors for over $1.1 million. After selling the NFTs, Ethan Nguyen and Andre Llacuna shut down the project and fled.
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NFT news

Scammers Launch Phishing Attacks Immediately After BAYC Launches ApeCoin Token

Bored Ape Yacht Club (BAYC) released its ApeCoin token on March 17. Soon after its launch, scammers set up phishing sites impersonating BAYC.
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NFT news

NFT Collector Loses $1M EtherRock NFT to a Sniping Bot

Dino_Dealer loses his EtherRock NFT to a sniping bot.‍ One accidental click wiped out his entire net worth of ~ $1 million.
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NFT news

Jake Paul Exposed Over $2.2M Serial Scams

Coffeezilla exposed Jake Paul’s connection with shady crypto projects and promotions. The crypto sleuth also revealed Jake’s transaction details and the money he made through the promotions.
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NFT news

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