Logan Paul Denies CryptoZoo Scam, Munnchables Increase Security: Nifty Newsletter
In this week's newsletter, read about a new documentary by YouTuber Logan Paul about the controversial cryptocurrency token (NFT) CryptoZoo project. Check out OpenSea's enabling support for ERC-721C and how crypto game Munchables is recovering from the hack. And find out how to get a web3 game listed in the Epic Games store.
YouTuber Logan Paul argues that Cryptozoo is “not a scam” in a new documentary.
In the year In a video documentary published on March 28, YouTuber Logan Paul tried to put his side of the story about the controversial NFT project Cryptozoo. The internet celebrity's NFT project is not a scam because he also lost money.
Paul also says in the documentary that the Cryptozoo saga is “far-fetched” because he's portrayed as a villain in a “one-sided story.”
Paul was criticized for backing the project, which never got off the ground, and disgruntled investors filed a class-action lawsuit against him.
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OpenSea supports the ERC-721C programmable entry level
NFT marketplace OpenSea has enabled a royalty enforcement tool in its trading platform. On April 2, the NFT marketplace announced that it has added support for the ERC-721C token standard, which allows creators to set and enforce royalties on their collections.
Prior to the token requirement, users could bypass creator royalty commissions on secondary markets using platforms that did not comply with royalty requirements. However, the new token standard ensures that creators can keep their income.
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Munchables Reworks MultiSig, Contracts, and Dave Hiring After $68 Million Theft
After NFT game Munchables recovered millions from a rogue developer, the platform announced plans to prevent a similar incident from happening again. The project emphasized on completely restructuring the team and bringing in components to help improve security.
The NFT game has also re-engaged MultiSig, Boarding Maniford Trading, Cellini Capital and ZackXBT as signatories to ensure funds are returned to users.
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Web3 game Wilder World gets Epic Games Store listing during alpha testing
The Web3 game Wilder World was listed on the Epic Games Store before its launch. The Metaverse game aims to provide a free virtual world, includes Web3 elements such as NFTs, and is built on top of the blockchain.
The project is working with Polygon and Celestia to build a custom and scalable blockchain that hosts virtual worlds. The game also highlighted that all items, lands, equipment and avatars in the game will be digital assets that can be sold on the marketplace.
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Thanks for reading this roundup of the week's most notable developments in the NFT space. Come back next Wednesday for more reports and insights into this actively growing space.
