Category: Web3
New Korean Regulations Bring Added Protections for Crypto Investors
South Korea is implementing new cryptocurrency regulations to strengthen protections for investors. Key requirements include payment of deposit interest, use of cold wallets…
Pudgy Penguins Prepares to Launch Captivating New Metaverse Experience
Pudgy Penguins, the popular NFT collection, has taken the wraps off an upcoming metaverse experience called “Pudgy World”, slated for alpha release in 2024.
Mark Cuban’s Crypto Assets Compromised in Brazen Hack
Billionaire investor and Dallas Mavericks owner Mark Cuban was the victim of a recent crypto hack resulting in nearly $900,000 in stolen assets. The breach highlights lingering security threats even experienced crypto investors face.
NFT Restaurant Sho Scrapped Amid San Francisco’s Decline
The anticipated luxury Sho restaurant in San Francisco, which planned to offer exclusive NFT memberships, has been scrapped. Sho’s CEO Joshua Sigel cited concerns including rising construction costs and worries over San Francisco’s future as reasons. The restaurant was touted as a fine dining Japanese experience atop Salesforce Park. Its NFT memberships ranging up to $300,000 offered tiered perks and trading potential. However, permits were never obtained and only around 100 NFTs were presold before the project was canceled. The dissolution reveals challenges facing ambitious projects in San Francisco’s declining landscape.
Vitalik Buterin Twitter Hack Rattles Ethereum Community
The crypto community was shaken when Ethereum co-founder Vitalik Buterin’s Twitter account was recently hacked. While his account was swiftly restored, the implications were felt beyond the virtual realm. The hackers deceptively promoted a phishing NFT and reportedly stole over $691,000 in crypto.
Saudi Arabia Bets on Web3 Gaming to Diversify its Economy
Saudi Arabia’s partnerships and major gaming investments indicate a bold intent to head Web3 gaming’s future as part of its economic diversification strategy. While regulatory hurdles remain, the country is poised for major gaming industry growth.
MrBeast Faces Backlash Over Creator League
MrBeast sparked anger after it was uncovered his new Creator League esports tournament secretly involved controversial NFTs, which was not disclosed to participants or fans.
Hurley drops new NFT collection on Jump.trade
Iconic surfing company Hurley has unveiled branded NFTs granting owners access to its new Super Surfer play-to-earn game, authentically embracing web3.
Hot Wheels unveils NFT Garage Series 6
Hot Wheels’ Sept 1st launch of its massive 60-car NFT Series 6 aims to accelerate the brand’s leadership into the web3 era with physical redemptions.