NFT Trader Recovers Stolen Monkeys, Line’s NFT Arm Raises $140M: Nifty Newsletter
In this week's newsletter, read about Line Next's $140 million fundraising effort as it prepares to launch its global non-vulnerable token (NFT) marketplace, and learn that an NFT trader recovered $3 million in stolen NFTs from the platform. See how one executive thinks about leasing in-game assets via NFTs, and read about the OKX NFT platform, whose daily trading volume exceeds its competitors. In other news, Coinbase's Base blockchain is getting its own song.
Line Messenger's NFT arm raises $140 million for Web3 Services
LineNext, the popular messaging platform's NFT-focused venture, has raised $140 million as it prepares to launch a global marketplace. Crescendo Equity Partners, backed by former PayPal CEO Peter Thiel, led the funding.
The company announced that DOSI, Line Next's international NFT marketplace, is scheduled to launch in early 2024, integrating with the company's existing NFT platform in Japan.
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NFT trader stolen monkeys returned after bonus payment
The hacker who stole nearly $3 million worth of Bored Up Yacht Club (BAYC) and Mutant Up Yacht Club (MAYC) NFTs has returned the assets after paying a 120 Ether (ETH) bounty for around $260,000.
In total, the stolen 36 BAYC and 18 MAYC NFTs were stolen after a community initiative by the ApeCoin-funded security project Boring Security. The assets are returned in less than 24 hours after the bonus is paid, which is 10% of the floor price of NFTs.
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The Web3 company sees a future where players rent their in-game assets for crypto
In a Cointelegraph interview, Polemos founder Richard McLaren described a future where players can rent in-game items via blockchain. This could be trying out new games on their whims or borrowing NFTs linked to tools that help players pass difficult levels in games.
According to McLaren, this feature allows newbies to dip their toes into games without fully committing to buying the whole thing. “We think it not only increases sales, but increases your ability to attract players because they can explore things.”
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The OKX NFT market is blurring and open seas at the peak of daily trading.
The OKX NFT marketplace outperformed its competitors such as Blur, OpenSea and MagicEden in 24-hour trading on December 18. Around 10:00 AM UTC, decentralized app Dapradar revealed that the OKX NFT marketplace was trading around $50 a day. million.
The success of the marketplace is that it has achieved a weekly sales volume of $367 million by offering the Bitcoin Ordinals trading platform.
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Base blockchain will get its own song and mint first single as NFT
Layer-2 blockchain Base has partnered with music platform Sound.xyz to enable artists to create music within the ecosystem. To celebrate the partnership, a new song titled “Based” was released on Blockchain by artists Reo Cragun and Heno.
The song's lyrics included references to the crypto ecosystem, including a description of user behavior during a bear market. “Some people give up when times are tough, but they scream for the right ones.”
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Check out the Cointelgraphs NFT SteEZ podcast
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.
