3 years ago
Reports emerged connected Mar. 3 of an exploit discovered connected the TreasureDAO Marketplace NFT trading level that allows a idiosyncratic to bargain items astatine zero outgo nary substance the listing terms oregon level terms of the collection.
Security specializer for Metamask and MyCrypo harry.eth tweeted connected Mar. 3 astir 1 americium UTC, confirming that determination is simply a flaw successful the codification connected Marketplace which allows a idiosyncratic to acquisition nonfungible tokens (NFTs) for 0 MAGIC. At slightest 28 Smol Brains and Smol Brains Land NFTs look to person been taken utilizing this exploit truthful acold astatine the clip of writing.
Yah, quantity present is 0... inactive emits each the information for artifact explorers and different sites to amusement a sell...
There's nary checks connected buyItem() to guarantee quantity > 0
So terms emitted is pricePerItem * 0 = 0 MAGIC
Still investigating... pic.twitter.com/c4u85iQO9C
The TreasureDAO squad has not yet responded to a petition to corroborate oregon contradict that determination is an contented with the Marketplace.
MAGIC is the token utilized to marque purchases connected TreasureDAO’s Marketplace. The MAGIC terms crashed 33% from $3.75 to $2.50 successful an hr connected Thursday but rebounded to astir $3.25 according to CoinGecko. Both the decentralized autonomous enactment (DAO) and Marketplace run connected the Arbitrum layer-2 Ethereum scaling solution.
The Smol Brains collection’s level terms is astir 2,469.69 MAGIC ($8.100) arsenic of the clip of writing. However, the full losses truthful acold whitethorn person deed astir $1 cardinal arsenic astir of the taken items were listed for overmuch much than the level price. The astir invaluable point taken truthful acold was Smol Brains #5203, which was worth 15,000 MAGIC ($585,555) astatine the clip it moved.
Buy an NFT, donate a tree
Trees for the Future is simply a nonprofit enactment that uses donations to works trees successful Sub-Saharan Africa.
The thought to usage NFTs emerged aft the laminitis of Trees for the Future asked crypto investors to donate to the biology group. Artists from UltraDAO answered the telephone and combined enactment from 111 artists to make the Woodies NFT collection.
To accidental that we're arrogant of achieving our extremity of planting ONE cardinal trees w/@Treesftf is an understatement!
We besides couldn't bash it without the unthinkable enactment of our community, convey you truthful overmuch
And this is conscionable the beginning...
pic.twitter.com/SEUh6WfhkL
In total, UltraDAO donated astir $252,000 to Trees for the Future from 2 abstracted income of the Woodies NFT collection. UltraDAO is simply a “DAO for the arts” by artists and NFT collectors.
Woodies creator and UltraDAO contributor Richard Powazynski told Philanthropy.com connected Mar. 2 that helium hopes the collaboration volition assistance beforehand the charitable enactment Trees for the Future does. He said:
“We privation Trees for the Future to travel into our assemblage and speech astir their impact.”Philanthropic enactment Trees for the Future has collected implicit $250,000 successful donations from an enactment of artists that sold ‘Woodies’ NFTs for cryptocurrency.
Movie screening successful the Metaverse
A movie called Gamestop: Rise of the Players was shown to an assemblage astatine a drive-in theatre successful the Metaverse connected Jan. 22 to people the one-year day of the Gamestop stock’s (GME) highest terms of $258.18. A concern betwixt movie shaper steadfast Super and movie workplace Decrypt Studios, the movie covered the events successful the meme banal roar of early-mid 2021.
Alanna Roazzi-Laforet, the Founder of Decrypt Studios said the meme banal saga was the cleanable taxable substance to surface successful the Metaverse:
“The GameStop WallStreetBets saga felt similar a tipping constituent into the satellite of crypto, mounting disconnected a concatenation of events that introduced each time consumers to concepts similar the metaverse and NFTs.”Attendees besides received a proof-of-attendance protocol token, oregon POAP, for “driving in” to presumption the film.
An grounds designed to archer the communicative of the meme banal frenzy has been erected successful the Metaverse arsenic well. To sojourn the exhibition, visitors tin usage a mobile app, web browser, oregon VR headset.
Nifty League raises $5 million
NFT gaming level Nifty League has secured a $5 cardinal effect concern circular led by concern steadfast RSE Ventures and Spartan Group.
The squad volition usage the backing to physique its community, make much characters, make much items arsenic NFTs, and grow crippled offerings connected its Metaverse platform.
CEO of Nifty League Andrew Mahoney-Fernandes said successful the authoritative announcement connected Mar. 2 that “NFTs marque it imaginable to adhd the adjacent level of magnitude to our games.”
Other Nifty News
Monthly NFT buyers are declining successful number these days. In February, the full fig of unsocial buyers dropped beneath 800,000 for the archetypal clip successful 4 months. Cryptoslam information shows that 796,009 buyers scooped up NFTs connected secondary markets successful February for astir $2.6 cardinal successful full sales, a diminution of 40% from January.
Sony Music and Universal Music Group, the world's 2 largest labels, have partnered to make the Snowcrash NFT marketplace. The level volition diagnostic euphony arsenic NFTs from legendary artists Bob Dylan and MIles Davis.
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