Nifty E-newsletter, Dec 28–Jan 3

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On this week’s publication, examine how nonfungible tokens (NFTs) within the Magic Eden market confirmed “unsavory photos.” Examine Ultimate Fantasy developer Sq. Enix’s aggressive investments in blockchain gaming and the way play-to-earn (P2E) will transition from the expansion section to maturation. In different information, try metaverse developments all through 2022. And don’t neglect this week’s Nifty Information that includes Solana NFTs’ surge in buying and selling quantity. 

‘WTH did I simply witness?’ Magic Eden reveals porn after internet hosting service hacked

Solana-based NFT market Magic Eden had just lately assured its customers that their NFTs are secure after pornographic photos have been noticed in its buying and selling platform on Jan. 3. {The marketplace} instructed its customers that it wasn’t hacked. As an alternative, the third-party service supplier internet hosting photos inside the platform was “compromised.”

Tweets posted by Magic Eden customers pointed to the platform that typically, pornographic photos have been loaded on a set’s web page as an alternative of the NFT thumbnails. Different customers reported seeing photos from the tv sequence The Massive Bang Concept as an alternative of the proper NFT photos.

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Ultimate Fantasy creator reveals ‘aggressive funding’ in blockchain video games

Sq. Enix, the creators of the favored Ultimate Fantasy recreation sequence, stated that blockchain video games could be certainly one of its main methods going ahead. In a letter recapping the corporate’s milestones in 2022, the agency’s president, Yosuke Matsuda, defined that its plans for 2023 included blockchain video games.

Based on Matsuda, his workforce will likely be specializing in blockchain leisure. Matsuda additionally famous that, at first, new applied sciences can confuse folks however would finally turn out to be a standard a part of folks’s lives.

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Crypto Unicorns founder: P2E gaming is in a protracted ‘maturation section’

In Cointelegraph’s NFT Steez podcast, Crypto Unicorns founder Aron Beierschmitt highlighted that P2E gaming continues to be transitioning from the expansion to the maturation section.

Beierschmitt instructed Cointelegraph that Web3 individuals have proven that video games have to be extra enjoyable and fewer about finance. The manager additionally highlighted that the change from P2E to play-and-earn means that these video games nonetheless have to be discovered.

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An outline of the metaverse in 2022

Whereas Metaverse adoption slowed down in 2022, traders stay focused on its growth. Based on a report by consulting agency McKinsey, the primary half of 2022 noticed over $120 billion invested within the area.

All through 2022, there have been vital partnerships inside the area, with numerous corporations embracing new applied sciences regardless of being in opposition to decentralization.

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Nifty Information: Solana NFT buying and selling quantity, Nike RTFKT COO hacked, and extra

Solana-based NFTs witnessed a surge in buying and selling quantity, in line with NFT knowledge website CryptoSlam. The blockchain confirmed greater than 800,000 transactions within the final 30 days. In the meantime, the pockets deal with of RTFKT’s chief working officer bought hacked by means of a phishing rip-off.

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Check out Cointelegraph’s NFT Steez podcast

Thanks for studying this digest of the week’s most notable developments within the NFT area. Come once more subsequent Wednesday for extra reviews and insights into this actively evolving area.