Guard your NFTs

Coinbase teams with BAYC, Drift makes photography history, 6529 unveils OM metaverse, & more!
Apr 15, 20222 min read

Dear Bankless Nation,

A new type of NFT scam started raging across Twitter this week.

I’ve seen a few people fall prey to the nefarious ploy already, so I wanted to highlight what to watch out for. The flow is as follows:

  1. Attackers purchase a verified Twitter account, then change the account info to superficially pose as a co-founder of the Azuki NFT collection.
  2. They follow-up with a tweet about a “surprise mint,” though the link is to a malicious site designed as a trap to compromise unsuspecting NFT collectors.
  3. Finally, the culprits tag NFT collectors in tweets below the attack tweet hoping to bring as many eyes in as possible.

Hackers are going to keep developing new ways to try to steal choice NFTs like this. Remain vigilant in kind, adapt your security practices, and if something seems weird then ask and wait for guidance from others you trust!


🛒 NFT News & Platforms

  • Catddle introduced ERC721-O, a new standard for omnichain NFTs.
  • CryptoFighters Alliance introduced ERC721R, a new standard that allows minter to return NFTs for refunds.
  • LooksRare is now officially audited.
  • Offchain Labs launched The Arbitrum Odyssey NFT event in partnership with Ratwell and Project Galaxy.
  • Sina Estavi is having trouble reselling the NFT of Jack Dorsey’s first-ever tweet.

🏆 Digital Collectibles

  • CryptoPunk #7756 was acquired on the secondary marketplace for 1,050k ETH:
  • Coinbase is launching a BAYC-themed film trilogy.
  • Forgotten Runes Wizard’s Cult creators Magic Machine completed a new funding round.
  • Nouns DAO is collecting new Noun traits for August 8th, the first birthday of the Nouns project:

🎨 Cryptoart

🎮 NFT Gaming

  • The U.S. Treasury Department confirmed that North Korean hacking outfit Lazarus Group was behind the Ronin bridge attack.
  • TreasureDAO to become the decentralized Nintendo of the future? Two Treasure co-founders made the case on this week’s Alpha Leak episode.

💽 Music

🌐 Virtual Worlds

💎 DeFi x NFTs

  • Uniswap (whose LP positions are represented by NFTs) just launched a customizable Swap widget:

Action steps

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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