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Insane

‘Bored Ape Yacht Club’: Distracted NFT trader accidentally sells artwork worth $284,495 for $2,844

A distracted trader accidentally sold a non-fungible token (NFT) for a hundredth of its market price. NFTs are the latest cryptocurrency phenomenon to go mainstream. In the simplest terms, NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the blockchain. The Bored Ape Yacht Club […]

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Business

Cryptocurrency: Hacker steals ‘important coins’ worth $600 million from blockchain platform Poly Network

The hacker behind one of the largest ever cryptocurrency heists returned almost half of the $600 million stolen assets. Blockchain platform Poly Network wrote a letter on Twitter, asking the individual to get in touch “to work out a solution”. The website said the amount of money hacked was the “biggest” incident so far in […]

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Insane

Couple exchange virtual rings using smartphones during their wedding ceremony

In a first such incident, two employees at cryptocurrency exchange platform Coinbase have exchanged digital tokens – NFTs (non-fungible tokens) as virtual rings using smartphones during their wedding ceremony. NFTs allow people to buy and sell ownership of unique digital items and keep track of who owns them using the Blockchain. NFT stands for “non-fungible […]