Nothing to see here: OpenSea dismisses exec involved in $60M carpet-dragging: Nifty Newsletter
Welcome to the latest edition of Cointelegraph's Nifty Newsletter. Keep reading for updated stories on intangible tokens. Every Wednesday, the Nifty Newsletter will keep you informed and encourage you to delve deeper into the latest NFT trends and insights.
In this week's newsletter, read how a Dubai art gallery plans to teach artists about non-fungible tokens (NFT) and Web3, and why a former executive at NFT marketplace OpenSea says he had nothing to do with the $60 million carpet drag. See what happened with the astrology-themed NFT series Lucky Star and, in other news, find out what China's state-owned newspaper plans to do with its own NFT platform.
First Look: Art Gallery to Teach Artists in Dubai on NFTs, Web3
The upcoming art gallery 37xDubai, scheduled to launch in October, aims to educate artists and collectors on NFTs and the wider Web3 ecosystem through a physical presence.
Gallery founder Danilo Carlucci said he plans to hold educational workshops in the gallery space after it opens. Additionally, the gallery intends to use NFTs for its membership token based on the “Tree of Life” art installation.
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OpenSea ‘not aware' of former exec's involvement in $60 million carpet drag
NFT platform Opensea said in 2021 that it was unaware of any evidence suggesting that former head of the firm Kevin Pawlak was involved in the infamous Anubisdao carpet drag after new allegations surfaced on social media.
Anonymous X (formerly of Twitter) called an account called NFT Ethics to call the platform to account for its wrongdoings. Pawlak said he was associated with the false identity of “0xSisyphus” and was involved in “various dubious business dealings.”
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Astrology NFT Project Lucky Star Coin Exceeds $1 Million — CertiK
Astrology-themed NFT project Lucky Star Currency (LSC) has been caught trying to pull out more than $1 million in withdrawal scams, according to a report by blockchain security firm CertiK.
The project's deployment token used the “withdrawToken” function on both NFTMrgerge and AdwardCenter contracts. This removed more than $1 million worth of LSC tokens from the account, which were then converted into Binance USD (BUSD) stablecoin and transferred to another account.
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Chinese government gazette to launch NFT platform.
China Daily, an English-language newspaper owned and published by the Chinese Communist Party's advertising division, plans to create its own Metaverse and NFT platform.
The publication will pay 2.813 million Chinese yuan ($390,000) to a third-party contractor to design the NFT platform, either in China or abroad. It is also said that digital collections sold on the platform can be linked to others such as OpenSea and LooksRare.
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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.
