NFT News August 4, 2022

Two Companies Team Up In Order to Bring Privacy to NFTs

Published

4 months ago

August 4, 2022

Despite the recent downturn in NFT valuations, many investors are holding on to hope that this storm will pass. Well, two major players are making strides in the area of data recovery and security. Now, OmniX and Findora are teaming up in order to make headway in the area of cyber-NFT security. “We couldn’t be more excited for the partnership,” said Dylan Kawalec, Findora’s head of Business development. “We’ve predicted the need for privacy NFTs for a long time and working with Omni X will allow us to be the first to build next-generation infrastructure for NFTs.”

The Prediction

Findora is involved specifically in Ethereum privacy and next-generation “zero-knowledge proof” technology. Findora is on the cutting edge that enables them to use privacy to make Decentralized Finance a safer place for investors and financial institutions.

“Omni X is the first natively Omnichain NFT platform and marketplace. Powered by LayerZero technology, Omni X connects communities and creators to unparalleled liquidity and already supports Ethereum, Arbitrum, Optimism, BNB Chain, Avalanche, Polygon, and Fantom, with Flow and Aptos integrations coming soon.”

Interest

“When there’s a trillion-dollar market, any SEC chairman has to know that if he or she wades into that, it can be completely consuming and put them in the middle of a food fight between traditional financial services and crypto companies. It’s easy to criticize the SEC from the outside,” Hall continued. “But I know exactly why they’re doing it. There is just no benefit from the point of view of an individual to stick your neck out and actually try to solve the problem. It’s much easier to bring enforcement actions against people for violating the laws.” Davis Polk

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NFT News

A Huge Ticket Selling Agency Just Made a Leap On Blockchain

Published

3 months ago

August 31, 2022

Billy Houghton

A Huge Ticket Selling Agency Just Made a Leap On Blockchain. Ticketmaster, the vending giant, just decided to seal a deal with the Flow blockchain. This deal entails one of the largest movements by a mainstream entity to endorse and utilize blockchain technology. Tech Crunch just told us that “Ticketmaster will now let event organizers issue NFTs (non-fungible tokens) tied to tickets on Flow, a blockchain operated by a16z-backed Dapper Labs.” This is an interesting move from an unlikely source, and in this article today, we will be discussing this deal.

The Scoop

Last year, when this arguably began, Ticketmaster made another deal with Polygon, which is based on the Ethereum chain. This was done to offer NFL fans the ability to buy virtual tickets on the blockchain. Now, we have a new deal that brings this move to full fruition.

“Event organizers who choose to offer fans an NFT with their ticket have a real opportunity to make this new technology relevant and relatable at scale. This is why we are partnering with Flow, because their blockchain is custom-built for fan engagement and frictionless consumer experiences.” Brandan Lynch

The Host’s Perspective

“Its partner for this project, Dapper Labs, which raised $250 million at a $7.6 billion valuation last year, is no stranger to sports-based digital collectibles distributed through Flow. It’s well-known as the creator of NBA Top Shot, an NFT marketplace for basketball fans to buy, sell and trade cards of players and top moments in the sport.” -Tech Crunch

NFT News

How Has NFT Security Changed Since One of The Worst Heists?

Published

3 months ago

August 31, 2022

Billy Houghton

The cyber security market is bigger than ever, and shows no signs of slowing. This is, of course, in part due to the fact that the internet is playing larger and larger roles in our lives. Yes, even though another theft has occurred and it apparently happened over the course of an entire month. How bad was the damage? Well, painfully, we have received news that over 100 million dollars of assets were stolen and duplicated. The duplication glitch is something we’re still looking into. But, for now, we need you to be aware of some of the broad ideas that have impacted this security breach.

The Scoop

As it turns out, several companies want to compete with the monolith that is the Oculus VR tech. Incidentally, Sony has announced the launch of the project that they hope will contend with that system. Not only has this been highly anticipated by gamers, but consumers in general as well.

The PS2VR will showcase Sony’s highly anticipated haptic feedback gear along with a sleek headset that blends well with their overall design theme.

The Host’s Perspective

“The road to launch for PlayStation VR2 is in full swing, and we can’t wait for you to try the exciting new games and experiences you’ll be able to explore with our next-generation virtual reality headset. As we continue with our launch efforts, today, we’d like to offer a quick peek at some of the user experience features you’ll discover on PS VR2. ” -Sony Blog

NFT News

NFT Laundering May Not Be As Big A Problem As Once Thought

Published

3 months ago

August 30, 2022

Billy Houghton

NFT Laundering May Not Be As Big A Problem As Once Thought. Of course, there have been a few thefts reported recently, and that’s still a problem. Yes, another theft has occurred and it apparently happened over the course of an entire month. How bad was the damage? Well, painfully, we have received news that over 100 million dollars of assets were stolen and duplicated. The duplication glitch is something we’re still looking into. But, for now, we need you to be aware of some of the broad ideas that have impacted this security breach.