Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Continue reading to stay up to date with the latest stories on non-fungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to delve into the latest nft trends and insights.
In this week’s newsletter, read about how an art gallery in Dubai plans to educate artists about non-fungible tokens (NFTs) and Web3, and why nft marketplace OpenSea said it’s not aware of any involvement from a former executive in a $60 million carpet heist. See what happened with the astrology-themed Lucky Star nft series, and in other news, find out what a Chinese government-owned newspaper plans to do with its own nft platform.
First look: art gallery in Dubai to educate artists about NFTs, Web3
The upcoming 37xDubai art gallery, which plans to debut in October, aims to educate artists and collectors about NFTs and the broader Web3 ecosystem through its physical presence.
The gallery’s founder, Danilo Carlucci, said he plans to hold educational workshops in the gallery space after its launch. Additionally, the gallery intends to use NFTs based on its “Tree of Life” art installation as a membership token.
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OpenSea ‘unaware’ of any former executive’s involvement in $60 million carpet recall
nft platform OpenSea says it is unaware of evidence that could point to the involvement of former venture boss Kevin Pawlak linked to the infamous AnubisDAO rug-pulling in 2021 after new allegations emerged on social media.
An anonymous X (formerly Twitter) account called nft Ethics tagged the platform and asked it to speak out about the allegations. They claimed that Pawlak is linked to the pseudonymous identity “0xSisyphus” and was involved in “several dubious businesses.”
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Resilient Lucky Star Currency nft Astrology Project for Over $1 Million – CertiK
Astrology-themed nft project Lucky Star Currency (LSC) was caught in the middle of an attempt to pull off an exit scam worth more than $1 million, according to a report from blockchain security firm CertiK.
The project implementer account used the “withdrawToken” function in the NFTMerge and AdwardCenter contracts. This removed over $1 million in LSC tokens from the account, after which they were exchanged for the Binance USD stablecoin (BUSD) and sent to another account.
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Chinese government-owned newspaper to launch nft platform
China Daily, an English-language newspaper owned by the Chinese Communist Party’s Publicity Department, has plans to create its own metaverse and nft platform.
The publication is granting 2.813 million Chinese yuan ($390,000) to a third-party contractor to design the nft platform, which can be Chinese or foreign. He also said digital collectibles sold on the platform could connect to others, such as OpenSea and LooksRare.
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SEE COINTELEGRAPH nft STYLE PODCAST
Thanks for reading this roundup of the week’s most notable developments in the nft space. Check back next Wednesday for more reports and information on this ever-evolving space.
