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Ben Armstrong, a crypto analyst and influencer, spoke about three non-fungible tokens(NFTs) on March 19, claiming that they could help you become a millionaire.

In a video posted to his popular YouTube channel “BitBoy Crypto,” Armstrong covered his top three picks.

1. Ethernity Chain ($ERN)

The Ethernity Chain project team’s introduction:

Ethernity Chain is a community-driven network that creates limited edition authenticated NFTs and trading cards featuring your favorite artists and celebrities. It was designed on the Ethereum Network with the goal of building the world’s largest A-NFT library, rewarding its developers, and raising funds for charitable causes in perpetuity. It’s a win-win scenario for everyone involved, from NFT collectors to charity organisations that support some of society’s most unfortunate members.”

Its DEFI applications offer ERN token holders the ability to farm rare A-NFTs, stake, farm, and vote on proposals that will modify the Ethernity Chain ecosystem. Unique NFTs can be obtained through auction sales or ERN farming, and prizes can be redeemed for collectibles. Our charitable members receive a share of the sales proceeds.

Armstrong’s take on it:

“This is the only one of today’s projects that I am personally invested in, but I believe this one has the absolute most potential long-term and short-term… Ethernity just launched in the last week… If Ethernity were to see a similar pump to Chiliz and ECOMI, which I think is possible, we could be looking at a 40X… Ethernity is going to be huge… There are some big names behind Ethernity… The Winklevoss twins are officially backing Ethernity.“

2. ECOMI ($OMI)

The ECOMI project team’s intro:

“ECOMI is a Singapore-based technology company that aims to pave the way in the evolving digital collectibles market, as well as digital currency security. Via the VE-VE app, ECOMI provides a one-stop shop for digital collectibles, taking popular culture and entertainment to twenty-first century. Digital collectibles, according to Ecomi, are a new financial asset that provides intellectual property owners with new revenue sources in the digital landscape.“

Armstrong’s take on it:

“ECOMI has done a mind-blowing 46,000% return in the last year… ECOMI already has an active app called VeVe. It is a digital collectibles app. It already is a working product and according to Bitcoin.com, it has a ton of active partners… The ECOMI token, OMI, would be the currency of the VeVe app to buy these digital collectibles… Be careful with your entry, but I do believe ECOMI has more room to run.“

3. Chiliz ($CHZ)

The Chiliz project team’s intro:

“Chiliz is a currency choice for mainstream consumers who want to purchase blockchain-backed goods and services. We want to enhance daily experiences, such as fan participation in entertainment and alternative payment options for traditional goods. Chiliz offers blockchain-based resources to sports and entertainment companies to help them engage and monetize their target audience.“

Armstrong’s take on it:

“This amazing NFT platform has taken off, which is both its greatest strength and one of its greatest limitations right now… In the last year, it has been 128Xed… However, I would advise you against investing in this at this time… This project will be enormous, and it will grow much larger, but it will experience a significant setback before reaching its full potential.“

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Projects

The NFT Sale of the ‘Kia Sedona’ Goes Sour as the Contractor Allegedly Steals $3 Million

A sale of tokens that could be swapped for “Kia Sedona” NFTs raised $3.1 million. But a contractor for the token sale platform Miso allegedly disappeared with all of the funds.

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In the fast-growing market for NFTs, there have been several swindles, frauds, and rug pulls. However, this one strikes out as a little odd.

To begin with, the NFT sale itself was unusual. The entire concept was inspired by a recent meme on crypto Twitter about the Kia Sedona automobile brand (the joke being that the Kia Sedona is a type of hard money). As a result, ten unknown persons built a funky website called “Jay Pegs Auto Mart.” (It was unrelated to the automobile maker in any way.)

DONA reservation tokens were available for purchase. These could be acquired on SushiSwap’s Miso token sale platform, which is run by a decentralized exchange. Out of 10,000 DONA tokens available, each could be exchanged for one 2007 Kia Sedona NFT.

And the token sale went off without a hitch. It raised $3.1 million in ether (ETH), worth 864.8. When the mysterious team of shadowy super coders (another joke) decided to use Miso, they didn’t expect all of their finances to be taken away.

An unidentified contractor placed malicious code into the Miso platform, according to SushiSwap CTO Joseph Delong, changing the destination address for all incoming monies in the token sale to their address. According to Delong, the Jay Pegs Auto Mart sale was the only one affected, and all of the cash raised was stolen.

SushiSwap has urged Binance and FTX to identify the hacker by revealing their KYC information, but they have not done so, according to Delong. He added the platform had directed Stephen Palley, a partner at law firm Anderson Kill, to file a complaint with the FBI if the funds aren’t recovered by 8 a.m. ET.

On the good side, the Jay Pegs Auto Mart Twitter account promised consumers that the Kia Sedona NFTs would still be distributed despite the lack of funds.

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SLAM, a Basketball Brand, Joins the NFT Platform Autograph

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Autograph has taken over the world of sports NFTs. Autograph, co-founded by future Hall of Fame quarterback Tom Brady, has signed deals with renowned athletes from various sports. In addition, the platform is teaming up with SLAM this week on the hardwood.

SLAM has streamlined its company into a new digital era and is known for its classic vintage magazine covers dating to 1994. Basketball enthusiasts may get news, unique features, digital material, and apparel through the portal. Without dipping into NFTs, it wouldn’t be complete.

Autograph and Its High-End Partners

Autograph has signed deals with Naomi Osaka, Derek Jeter, Simone Biles, and Tony Hawk in a short period. Top-tier athletes from many sports verticals make up the increasing advisory board. Additionally, autograph just partnered with DraftKings to give the sports betting platform access to NFTs.

According to a press statement issued this week, autograph will be a launch partner for SLAM’s NFT collection of classic magazine covers. Additionally, this will be Autograph’s first foray into basketball, with SLAM serving as a cornerstone for the platform’s introduction into the sport.

SLAM archives of the 300-plus covers that graced the front of SLAM for decades will be featured at NFTs. In addition, the NFTs will be available for purchase on the DraftKings Marketplace, which Autograph powers.

Blockchain Technology Meets Sports Media

Sports and technology are becoming increasingly entwined.

“We’ve been building a portfolio of companies focused on the convergence of sports media and blockchain technology, and this deal sits firmly at that crossroads,” said Matt Aronson, President of SLAM parent company JDS Sports. SLAM’s digital presence has grown to include over twenty social media channels with over 16 million followers. JDS Sports was also an early supporter of Autograph.

Through established partners, Autograph continues to push the fold on sports NFTs. The two have already issued NFTs for Tiger Woods, Wayne Gretzky, Simone Biles, and others through DraftKings Marketplace. Autograph, on the other hand, isn’t content to stop at sports. The platform also announced a relationship with Lionsgate in July. In addition, Autograph will develop digital collectibles for the new flagship movie series later this year due to the agreement.

It appears that SLAM isn’t starting or stopping here, either. In April, SLAM teamed up with rising basketball phenom Zion Williamson. This collaboration resulted in four limited-edition NFTs based on two of Zion’s SLAM cover appearances.

As brands, companies, teams, leagues, and individuals from practically every sport imaginable get involved, the convergence of sports and crypto continues to increase.

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Following Allegations of NFT Insider Trading, OpenSea’s Head of Product has Resigned

After being accused of NFT flipping using insider knowledge, Nate Chastain, Head of Product at prominent NFT marketplace OpenSea, appears to have left the company.

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The Product Manager has resigned

Chastain’s Twitter profile has been altered to add the term “Past: @opensea” since he was called out two days ago, implying that the marketplace no longer employs him.

Though there isn’t proof that he was fired from OpenSea because of the allegations, it’s a strong possibility.

OpenSea CEO Devin Finzer has already updated his previous blog post about the event with the news that one of their employees “asked and accepted” his resignation just yesterday for violating their “duty to the community.”

According to the CEO’s update, OpenSea promptly commissioned a third-party investigation after learning of the event and is aggressively adopting its recommendations while the inquiry is ongoing.

Despite growing evidence against him, Nate Chastain has yet to issue a public statement. Meanwhile, the general belief on Twitter seems to be that he is guilty, with some even ‘celebrating his death’ with a fresh CryptoPhunk giveaway. However, despite Chastain’s misconduct, others express gratitude for his work for the NFT community and wish him the best in the future.

The Allegations and the Proof

Nate Chastain was accused of buying OpenSea NFTs with insider information before they were released on the platform’s site, then selling them for a much higher profit.

Chastain purchased the NFTs using burner accounts to conceal his identity; nevertheless, he was detected utilizing blockchain data, which proved that all of his winnings were being transmitted to his public address. Later, OpenSea published a blog post indicating that this “insider trade” had occurred.

Chastain made a profit of 19 ETH, which is worth more than $65k at press time.

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