Gnars Has Officially Launched! — #7
This week, our hard work finally paid off! Thanks to you guys, the Gnars auction house is up and running, our community is fully driven by organic growth, and we see Gnarly-ness all day round in the Discord. Really appreciate it Gnar-fam!
Gnars aside, this has been a pretty rough week. The Ukraine-Russia conflict has caused yet another crypto price slump, US Crypto policies are just around the corner… and there has been another NFT exploit, again!
In fact, the scam is still underway, but we will still be diving into it nevertheless. So sit back, be sure to check out our Twitter, and let’s watch things unfold in real-time.
ART HAUS Special: Gnars Is Live!
For those new to Gnars, here’s a bit of backstory.
Upon the inception of Nouns, pioneers of the CC0 NFT movement, we were inspired to do create our own version of CC0 art. This, combined with The Head of HAUS’ history of skateboarding, led to the birth of Gnars.
So now after a month of late-night calls, Gnars generation and regeneration, plus multiple audits on the project, we’re finally live! LFG Gnars!!!
If you’d like to find out more about what CC0 means, I wrote a handy article on this quite a while ago… do check it out!
Back to the Gnars, each auction lasts for a total of 666 blocks on the Ethereum network. That’s about 2.5 hours, per Gnar, forever. Here’s a write-up on what Gnars is all about.
So far, we have made tremendous progress in terms of sales and community growth. We just hit 6.9K in charity donations on Saturday… wen 69K?
Don’t forget to join our Gnarly Discord, keep updated on our Twitter, or even partake in a Gnars auction. WAGMI!!
News Of The Week: X2Y2/OpenSea NFT Exploit?? (Saga Ongoing)
You heard it right, we’re covering this NFT exploit although it’s still underway. Amid the FUD spreading on Twitter, it’s pretty tough to know… wtf is going on?
Sifting some info from alphas and Twitter, here’s what’s currently happening.
For some reason or another, a hacker is draining the Ether and high-profile NFTs from the wallets of some whales. And it appears that the hacker didn’t plan this exploit just yesterday.
According to dev @0xfoobar on Twitter, the hacker is using a contract deployed a month ago to exploit the OpenSea marketplace. Before the listings expire in about a week, the hacker is deciding to exploit the contract now.
So far, they have stolen over 640 ETH and 18 NFTs worth quite a sizeable sum. While it seems like the hacker has stopped draining wallets for now, it’s always better to be safe than sorry.
Some people are starting to accuse the exploit of being on X2Y2’s end, a competitor of OpenSea. However, closer inspection of the exploit and clarification on X2Y2’s Twitter re-affirms that it’s probably an email phishing scam using OpenSea’s name.
Oh no, I traded on OpenSea… how can I protect my assets?
If you have interacted with either X2Y2 or OpenSea’s sites recently, make sure to disconnect from them immediately. Then, proceed to the Token Approval Checker on Etherscan, connect your web3 wallet, and revoke access in the ERC-20 section if you have an x2y2 token.
Continue to the ERC-721 section and ERC-1155 section to revoke access to the remainder of your valuable NFTs. Don’t forget to proceed to Revoke.Cash to revoke your wallet connections to both OpenSea and X2Y2.
Check out DeBank if Revoke.cash is not responding. Stay safe NFT-goers.
Cent, an NFT marketplace that rose to fame due to the sale of Jack Dorsey’s first tweet for $2.9 million back in October 2021, just brought sales of all digital assets on their platform to a standstill. This is largely due to the high number of counterfeit and fake NFTs being sold on their platform.
Here’s the article for a deeper dive into the incident.
Cent NFT Marketplace Shuts Down Nearly All Transactions Due To Fake NFTs
Just a few weeks after YouTube announced that it will be exploring ways to use blockchain technology on the platform, they’re now allowing YouTubers to sell their content to fans as NFTs! With verifiable videos, art, photos, and more, this will definitely be a major income stream for content creators in time to come.
YouTube Creators to Sell Videos as NFTs to Fans
Back in December 2021, users could stake the mSAND-MATIC trading pair to earn rewards. With this update, people can now stake mSAND directly, while still on the Polygon chain. With this move however, The Sandbox will discontinue SAND-ETH staking pairs, as it gears towards total Polygon-integration.
Do read more about this SAND staking in this article!
The Sandbox Brings Direct Staking to the Polygon Network
Literally anything can be sold as NFTs nowadays. From selfies to fart jars, the list never really ends. But hey, memes are an integral part of the web2 space… and I guess they’ll continue with us into web3 too!
The list of NFT memes in this short blurb is both shocking and wholesome, feel free to check it out!
17 Memes From Your Childhood That Have Been Sold as NFTs
Nifty Gateway, yet another contender for the top NFT marketplace spot, just launched their Nifty Advisory Program for institutions and organizations interested in getting NFTs. They are targeting investors with high capital and need great NFT investing advice, while still emphasizing that this is not some kind of “exclusive club”.
Check the article out for more info…
Nifty Gateway Launches NFT Advisory Program for Institutions
CryptoChicks NFT has just been slammed for blatantly copying artwork from others and selling it as their own. With CryptoChicks founders claiming that they were not aware of the plagiarism, prices for their NFTs have also been falling from the FUD.
This article provides more details on the art theft claims against CryptoChicks.
Crypto Chicks NFTs Fall In The Charts After Accusations of Art Theft
Speaking at Bitcoin Day Sacramento 2022, ex-elementary school teacher Aarika Rhoades speaks on how Bitcoin and its Lightning network has helped her grassroots campaign in her run for congress.
Take a look at what she thinks Bitcoin has in store for politics in the near future!
BTC helped us unseat a 20+ year incumbent: Aarika Rhodes on Bitcoin Day
Art Haus Blog Releases
And… we’re back to NFTs. We have been publishing quite a few articles regarding NFTs and the immense hype behind them… but is this actually healthy for the NFT industry in the long run?
Beyond The Hype: The Utility of NFTs
In this article, we discuss the various utilities of NFTs, from organizing DAOs to re-shaping the ticketing industry.
But why is utility necessary in the NFT space? Do read this article to find out more!
Podcasts: Worth a Listen
Parcel: Building The Platform For Experiences In The Metaverse
This podcast episode features Ian and Noah, the founders of metaverse real estate platform, Parcel. In this episode, they talk about what viewing real estate in the metaverse is like, as well as how social media is a big aid in bringing attention to the wonders of the metaverse.
Listen in to their exciting journey in building the buildings of the metaverse, and how it motivates them to keep going.
objkt and Its Path to the Largest Nft Marketplace on Tezos
Tezos is another decentralized blockchain with great potential to become contenders with Ethereum one day. In essence, they live and breathe on the idea of flexibility within the blockchain.
With the ability to execute smart contracts on Tezos, objkt has capitalized on this opportunity to become one of the leading NFT marketplaces on Tezos. Listen in to find out how they’re staying ahead of their competitors in this space.
Stardust: Powering Games in the Metaverse with an Easy API Integration
Canaan Linder, the founder of Stardust, joins the Delphi Digital Podcast in this episode. Stardust is a platform that helps with easy integration of NFTs in games.
In this podcast, they discuss multi-chain applications of NFTs in different games, the UX and functions of Stardust, as well as wallets and infrastructure they use to make this happen. Do listen in on this interesting business model!
So that’s it for this week’s ART HAUS blurb. Hope you enjoyed the read, be sure to stay updated on the OpenSea exploit… and well, I may just be copping a Gnar before it moons!
Until then, stay safe!
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