🔫 Datasonic Group and Virtual Tech Frontier Unveil Digital Education Transformation in Metaverse
Datasonic’s Chief of Special Projects, Datuk Syahril Abdullah, emphasized that the strategic partnership with Virtual Tech Frontier reflects a shared vision to elevate learning experiences through cutting-edge technological advancements. The Dasar Pendidikan Digital launch event provides a focal point for highlighting Datasonic’s commitment to driving the progress of digital education and aims to generate awareness regarding the vast potential of the metaverse for educational purposes. Syahril expressed the belief that the metaverse offers unparalleled opportunities to redefine learning environments, foster immersive engagement, and unlock new dimensions of interactive education. The collaborative effort seeks to inspire educators, learners, and institutions to explore the transformative capabilities of the metaverse within the realm of education. Through active participation in the Dasar Pendidikan Digital initiative, Datasonic aspires to catalyze a paradigm shift in the perception and delivery of education. The goal is to encourage stakeholders to embrace the metaverse as a dynamic and transformative tool in the educational landscape. The launch event is scheduled for November 28, 2:00 pm to 6:00 pm, at the Bangi Avenue Convention Centre.
Datasonic’s Chief of Special Projects, Datuk Syahril Abdullah, emphasized that the strategic partnership with Virtual Tech Frontier reflects a shared vision to elevate learning experiences through cutting-edge technological advancements. The Dasar Pendidikan Digital launch event provides a focal point for highlighting Datasonic’s commitment to driving the progress of digital education and aims to generate awareness regarding the vast potential of the metaverse for educational purposes. Syahril expressed the belief that the metaverse offers unparalleled opportunities to redefine learning environments, foster immersive engagement, and unlock new dimensions of interactive education. The collaborative effort seeks to inspire educators, learners, and institutions to explore the transformative capabilities of the metaverse within the realm of education. Through active participation in the Dasar Pendidikan Digital initiative, Datasonic aspires to catalyze a paradigm shift in the perception and delivery of education. The goal is to encourage stakeholders to embrace the metaverse as a dynamic and transformative tool in the educational landscape. The launch event is scheduled for November 28, 2:00 pm to 6:00 pm, at the Bangi Avenue Convention Centre.
🇪🇺 EU lawmakers want metaverse strategy that supports the bloc's businesses
European Union lawmakers want the bloc to lead in developing virtual worlds that support EU businesses. On Tuesday, the European Parliament's Committee on Internal Market and Consumer Protection voted in favor of a report that advocates for developing a metaverse strategy to reduce tech dependency on countries outside of the EU. "As we step into web4 with the development of virtual worlds, we have to lay a foundation, rooted in strong EU digital rules, guiding principles, and values. The report called for a clear regulatory framework to support virtual world development. It stressed that most companies concerned with developing metaverse technologies are domiciled outside the EU. It added that the EU should "foster a level playing field to bolster European businesses." It was also noted that many metaverse projects have been developed by "a few companies based outside the EU, which have the necessary resources and financial capabilities." The report thus called for the bloc to take a leading role instead. The European Commission, the EU's executive body, has created a strategy on web4 and the metaverse. In this strategy, virtual worlds are defined as "persistent, immersive environments based on 3D and extended reality (XR) technologies."
European Union lawmakers want the bloc to lead in developing virtual worlds that support EU businesses. On Tuesday, the European Parliament's Committee on Internal Market and Consumer Protection voted in favor of a report that advocates for developing a metaverse strategy to reduce tech dependency on countries outside of the EU. "As we step into web4 with the development of virtual worlds, we have to lay a foundation, rooted in strong EU digital rules, guiding principles, and values. The report called for a clear regulatory framework to support virtual world development. It stressed that most companies concerned with developing metaverse technologies are domiciled outside the EU. It added that the EU should "foster a level playing field to bolster European businesses." It was also noted that many metaverse projects have been developed by "a few companies based outside the EU, which have the necessary resources and financial capabilities." The report thus called for the bloc to take a leading role instead. The European Commission, the EU's executive body, has created a strategy on web4 and the metaverse. In this strategy, virtual worlds are defined as "persistent, immersive environments based on 3D and extended reality (XR) technologies."
🔫 H&M and Dept have won the Best Metaverse UX at The Drum Awards for Metaverse.
H&M conquers metaverse with its first virtual showroom. Together with Journee and DEPT®, H&Mbeyond created a first-of-its-kind virtual space for meaningful exchanges with the B2B target group (press/media, influencers), events and concerts for B2C, as well as immersively showcasing its latest collection. H&Mbeyond is the innovation hub of the well-known Swedish fashion company H&M Group. Together with startups and innovators, its team drives forward future-oriented projects. H&Mbeyond approached DEPT® with the idea of expanding H&M’s physical showrooms with a digital showroom. Based on the former, it should reflect the brand’s identity and values, just virtually instead of physically. A space without opening hours, where a wide variety of target audiences such as influencers and stylists, customers, employees, and the press can meet and learn more about H&M and its collections. The Virtual Showroom was to serve as a central point for meaningful exchanges in an immersive environment. Targeted tours by the H&M showroom team were intended to inform the audience about current trends and topics such as sustainability and new, innovative materials.
H&M conquers metaverse with its first virtual showroom. Together with Journee and DEPT®, H&Mbeyond created a first-of-its-kind virtual space for meaningful exchanges with the B2B target group (press/media, influencers), events and concerts for B2C, as well as immersively showcasing its latest collection. H&Mbeyond is the innovation hub of the well-known Swedish fashion company H&M Group. Together with startups and innovators, its team drives forward future-oriented projects. H&Mbeyond approached DEPT® with the idea of expanding H&M’s physical showrooms with a digital showroom. Based on the former, it should reflect the brand’s identity and values, just virtually instead of physically. A space without opening hours, where a wide variety of target audiences such as influencers and stylists, customers, employees, and the press can meet and learn more about H&M and its collections. The Virtual Showroom was to serve as a central point for meaningful exchanges in an immersive environment. Targeted tours by the H&M showroom team were intended to inform the audience about current trends and topics such as sustainability and new, innovative materials.
🖼 Malta implicated in €23 million NFT fraud investigated by Italy
Italian authorities are delving into a sophisticated financial fraud involving non-fungible tokens (NFTs) and digital currencies, with 80 individuals under investigation, including 38 financial agents, in connection to the disappearance of €23 million. The fraudulent scheme, orchestrated by a Financial Technology company based in Treviso, promised clients a 10% return on investments in NFTs and crypto. Italian investigators, in collaboration with global authorities, are conducting a wide-reaching effort to recover funds, including reaching out to Malta. NFTs, unique digital files like paintings or music bought through digital currency, were exploited in a fraudulent cycle where promised returns failed to materialize. The company’s three founders, Christian Visentin, Emanuele Giullini, and Mauro Rizzato, are now facing charges of criminal association and fraud and are suspected to have fled to Switzerland and Dubai. Last summer, when expected returns did not materialize, around 700 formal fraud reports were filed, amounting to €23 million in losses. However, the true extent of the fraud may be much larger, with an estimated 4,000 victims and approximately €300 million invested in the scheme.
Italian authorities are delving into a sophisticated financial fraud involving non-fungible tokens (NFTs) and digital currencies, with 80 individuals under investigation, including 38 financial agents, in connection to the disappearance of €23 million. The fraudulent scheme, orchestrated by a Financial Technology company based in Treviso, promised clients a 10% return on investments in NFTs and crypto. Italian investigators, in collaboration with global authorities, are conducting a wide-reaching effort to recover funds, including reaching out to Malta. NFTs, unique digital files like paintings or music bought through digital currency, were exploited in a fraudulent cycle where promised returns failed to materialize. The company’s three founders, Christian Visentin, Emanuele Giullini, and Mauro Rizzato, are now facing charges of criminal association and fraud and are suspected to have fled to Switzerland and Dubai. Last summer, when expected returns did not materialize, around 700 formal fraud reports were filed, amounting to €23 million in losses. However, the true extent of the fraud may be much larger, with an estimated 4,000 victims and approximately €300 million invested in the scheme.
🖼 Vitalik Buterin-themed NFT collection causes brief spike in Ethereum gas fees
A Vitalik Buterin-themed NFT collection that stores the image data directly on Ethereum became the blockchain's top gas guzzler on Friday and caused a brief spike in Gwei. The project, dubbed Buterin Cards, had used up 13.1% of the total gas units over the past three hours as of 3:00 p.m. ET, ranking it above the Uniswap universal router address and Tether's public address, according to the Ethereum blockchain explorer Etherscan. The collection triggered transaction fees of 318.31 ETH worth $665,670 over the past 24 hours. The Buterin Cards project aims to upload 2,015 NFTs paying homage to Vitalik Buterin, co-founder of the Ethereum blockchain. The project uses an NFT minting process called JPEG mining, which stores image data on-chain as opposed to a typical NFT that only stores metadata on-chain. "To prevent miners from uploading arbitrary data, the smart contract verifies the data's correctness by computing its hash. Thanks to progressive JPEG technology, the NFT image is gradually revealed as it is mined," the project's website states. "In return for their work, miners receive a card featuring an image of Vitalik Buterin at varying quality levels," it added.
A Vitalik Buterin-themed NFT collection that stores the image data directly on Ethereum became the blockchain's top gas guzzler on Friday and caused a brief spike in Gwei. The project, dubbed Buterin Cards, had used up 13.1% of the total gas units over the past three hours as of 3:00 p.m. ET, ranking it above the Uniswap universal router address and Tether's public address, according to the Ethereum blockchain explorer Etherscan. The collection triggered transaction fees of 318.31 ETH worth $665,670 over the past 24 hours. The Buterin Cards project aims to upload 2,015 NFTs paying homage to Vitalik Buterin, co-founder of the Ethereum blockchain. The project uses an NFT minting process called JPEG mining, which stores image data on-chain as opposed to a typical NFT that only stores metadata on-chain. "To prevent miners from uploading arbitrary data, the smart contract verifies the data's correctness by computing its hash. Thanks to progressive JPEG technology, the NFT image is gradually revealed as it is mined," the project's website states. "In return for their work, miners receive a card featuring an image of Vitalik Buterin at varying quality levels," it added.
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🔫 Enterprise use cases set to drive metaverse momentum
The metaverse is defined as a virtual immersive environment that mirrors our reality through technologies such as AI, blockchain, 5G, community and power platforms, augmented reality (AR), and virtual reality (VR). The integration of artificial intelligence (AI) and so-called digital twins - virtual replicas of existing physical objects, systems or infrastructures—will drive the growth of the enterprise metaverse, industry experts said. According to them, the consumer side was the more visible and hyped side of the metaverse. According to a PwC India report titled ‘Our Take - Embracing the Metaverse’, published in April, out of 150 Indian businesses surveyed, 25% are planning to embed the metaverse into their organizational activities within a year. Chand explained how a digital twin will be of use in the metaverse -- an automaker building a factory in the metaverse can do a lot of scenario planning and product improvements that are difficult in the real world. He also mentioned deployments in logistics, manufacturing, BFSI, quality assurance, and remote support, highlighting the impact on training and collaboration. Comprehensive infrastructure development is also necessary to support widespread adoption of the enterprise metaverse.
The metaverse is defined as a virtual immersive environment that mirrors our reality through technologies such as AI, blockchain, 5G, community and power platforms, augmented reality (AR), and virtual reality (VR). The integration of artificial intelligence (AI) and so-called digital twins - virtual replicas of existing physical objects, systems or infrastructures—will drive the growth of the enterprise metaverse, industry experts said. According to them, the consumer side was the more visible and hyped side of the metaverse. According to a PwC India report titled ‘Our Take - Embracing the Metaverse’, published in April, out of 150 Indian businesses surveyed, 25% are planning to embed the metaverse into their organizational activities within a year. Chand explained how a digital twin will be of use in the metaverse -- an automaker building a factory in the metaverse can do a lot of scenario planning and product improvements that are difficult in the real world. He also mentioned deployments in logistics, manufacturing, BFSI, quality assurance, and remote support, highlighting the impact on training and collaboration. Comprehensive infrastructure development is also necessary to support widespread adoption of the enterprise metaverse.
🔫 Five interesting online courses on metaverse for beginners
The concept of the Metaverse was initially established in 1992, but it only made the list of famous new words in 2021. Companies such as Meta (formerly Facebook Inc.) and NVIDIA made bold comments and initially made efforts toward the parallel virtual universe. However, other technological giants need to catch up. Google, Microsoft, Epic Games, and, most recently, Intel have all joined the Metaverse. The Metaverse is a virtual environment where you may construct whatever you want and communicate with people worldwide. You can go shopping, go to school, meet new people, and fall in love. The options are limitless! Moreover, Media projections indicate that the virtual reality (VR) business will generate $6.1 billion in sales by the end of this year. Furthermore, the global metaverse market is projected to reach $42 billion by 2026. Students can study virtual reality (VR) foundations, applications, problems, history, hardware, and psychology in this course. In addition, students will learn about the fundamentals of 3D graphics, develop an understanding of the principles and technology of the VR world, and be able to design objects within it.
The concept of the Metaverse was initially established in 1992, but it only made the list of famous new words in 2021. Companies such as Meta (formerly Facebook Inc.) and NVIDIA made bold comments and initially made efforts toward the parallel virtual universe. However, other technological giants need to catch up. Google, Microsoft, Epic Games, and, most recently, Intel have all joined the Metaverse. The Metaverse is a virtual environment where you may construct whatever you want and communicate with people worldwide. You can go shopping, go to school, meet new people, and fall in love. The options are limitless! Moreover, Media projections indicate that the virtual reality (VR) business will generate $6.1 billion in sales by the end of this year. Furthermore, the global metaverse market is projected to reach $42 billion by 2026. Students can study virtual reality (VR) foundations, applications, problems, history, hardware, and psychology in this course. In addition, students will learn about the fundamentals of 3D graphics, develop an understanding of the principles and technology of the VR world, and be able to design objects within it.
🖼 NFT sales and pricing driven by luck, scarcity and optimism, according to studies
A trio of studies published in November may shine some light on the social and psychological factors that motivate movement in the nonfungible token (NFT) market. Across three independent studies, researchers from Western University in Canada, Tilburg University in the Netherlands, the University of North Carolina at Chapel Hill in the United States, and Rennes School of Business in France found that personal experiences and luck. In a study conducted by Guneet Kaur Nagpal of Western University and Luc Renneboog of Tilburg University titled “On Non-fungible Tokens, Blockchain Hypes, and the Creation of Scarcity,” the researchers analyzed the market dynamics of CryptoPunks, a popular collection of NFT assets. “CryptoPunks,” write the researchers, “are among the most valued Non-Fungible Tokens (NFTs), with remarkable sales such as CP #5822 fetching USD 23.7 million in February 2022, and CP #7523 obtaining USD 11.8 million in December 2021.” The fact that individual crypto investors with negative experiences with cryptocurrencies.
A trio of studies published in November may shine some light on the social and psychological factors that motivate movement in the nonfungible token (NFT) market. Across three independent studies, researchers from Western University in Canada, Tilburg University in the Netherlands, the University of North Carolina at Chapel Hill in the United States, and Rennes School of Business in France found that personal experiences and luck. In a study conducted by Guneet Kaur Nagpal of Western University and Luc Renneboog of Tilburg University titled “On Non-fungible Tokens, Blockchain Hypes, and the Creation of Scarcity,” the researchers analyzed the market dynamics of CryptoPunks, a popular collection of NFT assets. “CryptoPunks,” write the researchers, “are among the most valued Non-Fungible Tokens (NFTs), with remarkable sales such as CP #5822 fetching USD 23.7 million in February 2022, and CP #7523 obtaining USD 11.8 million in December 2021.” The fact that individual crypto investors with negative experiences with cryptocurrencies.
🔫 Fortnite embraces the metaverse with 3 new ambitious games
LEGO Fortnite is described as “the ultimate survival crafting LEGO adventure,” introducing “vast, open worlds where the magic of LEGO building and Fortnite collide. Designed for people of all ages to enjoy together, the game will encourage creativity, experimentation and collaboration through play.” Rocket Racing meanwhile will be “a supersonic arcade racer where players drift, fly, and boost with friends through an ever-growing selection of tracks”. Developed by Psyonix of Rocket League fame, this new mode offers a much more robust racing experience when compared to the standard Fortnite karting seen across the BR map. Last but certainly not least is Fortnite Festival: “a new music game where players can play in a band with friends or perform solo on stage with hit music by their favourite artists”. As with Rocket Racing, this rhythm game is developed by an Epic Games subsidiary – Harmonix – known best for creating both Guitar Hero. LEGO Fortnite will go live on the 7th of December, with Rocket Racing following closely just one day later on the 8th – and Fortnite Festival bringing up the rear on the 9th of December.
LEGO Fortnite is described as “the ultimate survival crafting LEGO adventure,” introducing “vast, open worlds where the magic of LEGO building and Fortnite collide. Designed for people of all ages to enjoy together, the game will encourage creativity, experimentation and collaboration through play.” Rocket Racing meanwhile will be “a supersonic arcade racer where players drift, fly, and boost with friends through an ever-growing selection of tracks”. Developed by Psyonix of Rocket League fame, this new mode offers a much more robust racing experience when compared to the standard Fortnite karting seen across the BR map. Last but certainly not least is Fortnite Festival: “a new music game where players can play in a band with friends or perform solo on stage with hit music by their favourite artists”. As with Rocket Racing, this rhythm game is developed by an Epic Games subsidiary – Harmonix – known best for creating both Guitar Hero. LEGO Fortnite will go live on the 7th of December, with Rocket Racing following closely just one day later on the 8th – and Fortnite Festival bringing up the rear on the 9th of December.
🔫 JP Morgan Looking Forward to Testing ‘Immersive Training Applications’ of Metaverse
The world of banking is gearing up to explore the use cases of up-and-coming technologies like Artificial Intelligence (AI) and the metaverse to benefit their present working conditions. JP Morgan, for instance, is excitedly looking to try out immersive training applications for new bank staff members, all through the metaverse technology. The idea was recently shared by Blair MacIntyre who serves as the Managing Director (MD) and the global head of immersive technology at the US-headquartered bank. Speaking on MIT's Business Lab podcast, MacIntyre said that newly joining staff members could benefit from stepping into an immersive virtual ecosystem rather than having them watch videos or go through presentations, EfinancialCareers said in a report. Along with JP Morgan, Citi Bank is also running a virtual reality internship experience. This lets the trainers provide feedback in real time. As part of his vision of ushering-in an immersive era of hiring, MacIntyre wishes to bring together the technologies of Augmented Reality (AR) and Virtual Reality (VR) into the day-to-day office working like gathering for meetings.
The world of banking is gearing up to explore the use cases of up-and-coming technologies like Artificial Intelligence (AI) and the metaverse to benefit their present working conditions. JP Morgan, for instance, is excitedly looking to try out immersive training applications for new bank staff members, all through the metaverse technology. The idea was recently shared by Blair MacIntyre who serves as the Managing Director (MD) and the global head of immersive technology at the US-headquartered bank. Speaking on MIT's Business Lab podcast, MacIntyre said that newly joining staff members could benefit from stepping into an immersive virtual ecosystem rather than having them watch videos or go through presentations, EfinancialCareers said in a report. Along with JP Morgan, Citi Bank is also running a virtual reality internship experience. This lets the trainers provide feedback in real time. As part of his vision of ushering-in an immersive era of hiring, MacIntyre wishes to bring together the technologies of Augmented Reality (AR) and Virtual Reality (VR) into the day-to-day office working like gathering for meetings.
🖼 Enjin Beam upscales NFT allocation options
Enjin Beam has enhanced its NFT allocation tool with the addition of an advanced Claim Conditions option. Developers will be able to provide NFT rewards for certain behaviors, such as accomplishing tasks and holding their NFTs, as a result of this. Claim conditions strengthen the user’s ability to establish the need to obtain their NFTs. This, in turn, improves the interactive exposure of giveaways while remaining in sync with the allocation of their drops with their creative objectives. Various conditions have been introduced and tailor-made to meet every need. The first is the ENJ holdings, which is a pre-calculated quantity of ENJ that is required for proper user identification. The NFT ownership of a specific NFT can thus be established as a prerequisite, expanding the NFT’s potential. Whitelist inclusion refers to whitelisted users gaining connectivity by rewarding individuals involved in various activities. Then there is Twitter follow, in which it becomes necessary for claimants to keep track of their Twitter account to receive a drop. Geographical restrictions will be implemented soon, permitting users from designated regions to reserve claims. This will prove advantageous for those who wish to concentrate on local engagement.
Enjin Beam has enhanced its NFT allocation tool with the addition of an advanced Claim Conditions option. Developers will be able to provide NFT rewards for certain behaviors, such as accomplishing tasks and holding their NFTs, as a result of this. Claim conditions strengthen the user’s ability to establish the need to obtain their NFTs. This, in turn, improves the interactive exposure of giveaways while remaining in sync with the allocation of their drops with their creative objectives. Various conditions have been introduced and tailor-made to meet every need. The first is the ENJ holdings, which is a pre-calculated quantity of ENJ that is required for proper user identification. The NFT ownership of a specific NFT can thus be established as a prerequisite, expanding the NFT’s potential. Whitelist inclusion refers to whitelisted users gaining connectivity by rewarding individuals involved in various activities. Then there is Twitter follow, in which it becomes necessary for claimants to keep track of their Twitter account to receive a drop. Geographical restrictions will be implemented soon, permitting users from designated regions to reserve claims. This will prove advantageous for those who wish to concentrate on local engagement.
Over the last year, crypto markets have seen:
1. Collapse of FTX, largest fraud in recent history
2. Collapse of regional banking system
3. $2 trillion bear market, its largest in history
4. Over 500 lawsuits and regulation cases
5. Multiple crypto lender bankruptcies
6. Binance fined a record $4.3 billion by US regulators
7. Increased calls for regulation around the globe
Bitcoin is up 165% this year and just hit $44,000.
1. Collapse of FTX, largest fraud in recent history
2. Collapse of regional banking system
3. $2 trillion bear market, its largest in history
4. Over 500 lawsuits and regulation cases
5. Multiple crypto lender bankruptcies
6. Binance fined a record $4.3 billion by US regulators
7. Increased calls for regulation around the globe
Bitcoin is up 165% this year and just hit $44,000.
🔫 Thrash-metal band Megadeth launches NFT collection and metaverse community
Legendary American thrash metal band Megadeth announced a new nonfungible token (NFT) collection on Dec. 5, allowing fans exclusive access to content and physical experiences. The band announced the NFTs on social media through a post on X, formerly Twitter, saying the 5,000-piece collection features the band’s digital mascot, Vic Rattlehead. Dave Mustaine, have millions of fans and have already received an uproar of positive responses to the initiative. Megadeth is one of the world’s most popular heavy metal groups. However, it is not the first in its genre to hop into the Web3 space. Another heavy metal sensation, Avenged Sevenfold, has also previously released NFTs to draw in their online community called the Deathbats Club. In late November, the band released tickets for shows in their upcoming concert tour as NFTs and received an overwhelmingly positive response from fans across the digital space. On Dec., Anotherblock, a blockchain-based music platform, in partnership with Recordpool, announced the upcoming release of a previously unheard demo of Michael Jackson’s first studio recording.
Legendary American thrash metal band Megadeth announced a new nonfungible token (NFT) collection on Dec. 5, allowing fans exclusive access to content and physical experiences. The band announced the NFTs on social media through a post on X, formerly Twitter, saying the 5,000-piece collection features the band’s digital mascot, Vic Rattlehead. Dave Mustaine, have millions of fans and have already received an uproar of positive responses to the initiative. Megadeth is one of the world’s most popular heavy metal groups. However, it is not the first in its genre to hop into the Web3 space. Another heavy metal sensation, Avenged Sevenfold, has also previously released NFTs to draw in their online community called the Deathbats Club. In late November, the band released tickets for shows in their upcoming concert tour as NFTs and received an overwhelmingly positive response from fans across the digital space. On Dec., Anotherblock, a blockchain-based music platform, in partnership with Recordpool, announced the upcoming release of a previously unheard demo of Michael Jackson’s first studio recording.
🖼 Multiple NFT collections at risk by flaw in open-source library
A vulnerability in an open-source library that is common across the Web3 space impacts the security of pre-built smart contracts, affecting multiple NFT collections, including Coinbase. The disclosure came earlier today from Web3 development platform Thirdweb. The announcement provides a minimum of details, which irked some users who wanted clarifications that could help them protect contracts. Thirdweb said that it became aware of the security flaw on November 20 and pushed a remediation two days later, but did not disclose the name of the library and the type or severity of the vulnerability to prevent tipping off attackers. The company says it has contacted the maintainers of the vulnerable library and also alerted other protocols and organizations of the issue, sharing findings and mitigations. "If you used our Solidity SDK to extend our base contract or built a custom contract, we don't believe the vulnerability extends to your contract," explains Thirdweb, adding that this is not a guarantee because they "are unable to audit individual contracts."
A vulnerability in an open-source library that is common across the Web3 space impacts the security of pre-built smart contracts, affecting multiple NFT collections, including Coinbase. The disclosure came earlier today from Web3 development platform Thirdweb. The announcement provides a minimum of details, which irked some users who wanted clarifications that could help them protect contracts. Thirdweb said that it became aware of the security flaw on November 20 and pushed a remediation two days later, but did not disclose the name of the library and the type or severity of the vulnerability to prevent tipping off attackers. The company says it has contacted the maintainers of the vulnerable library and also alerted other protocols and organizations of the issue, sharing findings and mitigations. "If you used our Solidity SDK to extend our base contract or built a custom contract, we don't believe the vulnerability extends to your contract," explains Thirdweb, adding that this is not a guarantee because they "are unable to audit individual contracts."
🖼 Heavy metal band Megadeth launches generative NFT collection
Heavy metal band Megadeth took to X on Dec. 5 to announce the introduction of its 5,000-piece generative collection featuring the band’s mascot, Vic Rattlehead. As part of the announcement, the band shares that the collection, MegadethDigital, brought to life by artist TheHaddy, is set to go live on Dec. 22. The collection will offer participants access to exclusive merchandise and VIP experiences, including opportunities to acquire signed items and engage in one-on-one conversations with the band members. The band is hardly the first to the NFT game where metal bands are concerned. Avenged Sevenfold was also reported to share support for the digital asset class in May of this year. This initiative transforms beyond a traditional fan club, emerging as a community owned by the fans. The timing of the release may also be suitable for another reason, coinciding with a recent research report by Binance that highlighted the NFT market witnessed a notable upswing in November, signaling a reversal from its year-long decline, achieving a sales volume of $0.91 billion. This surge indicates a remarkable 200% month-over-month increase, marking the highest growth in 2023.
Heavy metal band Megadeth took to X on Dec. 5 to announce the introduction of its 5,000-piece generative collection featuring the band’s mascot, Vic Rattlehead. As part of the announcement, the band shares that the collection, MegadethDigital, brought to life by artist TheHaddy, is set to go live on Dec. 22. The collection will offer participants access to exclusive merchandise and VIP experiences, including opportunities to acquire signed items and engage in one-on-one conversations with the band members. The band is hardly the first to the NFT game where metal bands are concerned. Avenged Sevenfold was also reported to share support for the digital asset class in May of this year. This initiative transforms beyond a traditional fan club, emerging as a community owned by the fans. The timing of the release may also be suitable for another reason, coinciding with a recent research report by Binance that highlighted the NFT market witnessed a notable upswing in November, signaling a reversal from its year-long decline, achieving a sales volume of $0.91 billion. This surge indicates a remarkable 200% month-over-month increase, marking the highest growth in 2023.
USDT issuer Tether proactively froze 41 wallets on Saturday
Linked to people on the U.S. Treasury Department's OFAC list of Specially Designated Nationals, several of which addresses had been using Tornado Cash.
Tether says this is a new voluntary wallet freeze policy with extra precautions.
Linked to people on the U.S. Treasury Department's OFAC list of Specially Designated Nationals, several of which addresses had been using Tornado Cash.
Tether says this is a new voluntary wallet freeze policy with extra precautions.
🖼 Parallel Unleashed Reinventing Sci-Fi Gaming In The NFT World
Welcome to the thrilling world of NFT gaming, where the fusion of digital asset ownership and entertainment creates a unique gaming experience. Today’s spotlight is on “Parallel,” a sci-fi trading card game that is reshaping the gaming landscape by merging advanced technology with artistic expression to offer an immersive experience. Parallel is not your average addition to the NFT gaming catalog. It’s a well-crafted digital arena set in a vast, alternate version of Earth. Within this universe, players find themselves entangled in a compelling narrative where five factions battle for control. This world unfolds through in-game stories and regular updates, allowing players to immerse themselves in the philosophy and aesthetics of their chosen faction. The charm of Parallel lies in its gameplay, which is both strategic and innovative. It utilizes a play-to-earn model, allowing players to earn NFTs through strategic gameplay. Players engage in battles, using decks they’ve built from a collection of 40 cards, each with unique abilities. These decks are composed of units, spells, and artifacts, with faction-specific specialties adding an extra layer of strategy.
Welcome to the thrilling world of NFT gaming, where the fusion of digital asset ownership and entertainment creates a unique gaming experience. Today’s spotlight is on “Parallel,” a sci-fi trading card game that is reshaping the gaming landscape by merging advanced technology with artistic expression to offer an immersive experience. Parallel is not your average addition to the NFT gaming catalog. It’s a well-crafted digital arena set in a vast, alternate version of Earth. Within this universe, players find themselves entangled in a compelling narrative where five factions battle for control. This world unfolds through in-game stories and regular updates, allowing players to immerse themselves in the philosophy and aesthetics of their chosen faction. The charm of Parallel lies in its gameplay, which is both strategic and innovative. It utilizes a play-to-earn model, allowing players to earn NFTs through strategic gameplay. Players engage in battles, using decks they’ve built from a collection of 40 cards, each with unique abilities. These decks are composed of units, spells, and artifacts, with faction-specific specialties adding an extra layer of strategy.
