2 years ago
The U.K. authorities Treasury announced connected Monday, April 4th, that it has asked the Royal Mint to make 1 non-fungible token (NFT) to beryllium issued by the extremity of the twelvemonth “as an emblem of the forward-looking attack the UK is determined to take.”
— HM Treasury (@hmtreasury) April 4, 2022The NFT was portion of a bid of announcements by the Economic and Finance Ministry to marque the United Kingdom a planetary cryptocurrency hub, including amending a regulatory model connected stablecoin payments.
The NFT volition beryllium “issued by summer”, with nary day publically acceptable for the merchandise of the token.
Billionaire Dog NFT rug pull
Self-confessed “on-chain sleuth” “zachxbt”, fashionable for his Twitter threads investigating crypto figures and projects, has made a caller thread connected Monday alleging that French influencer Laurent Correia had a large relation successful an NFT task that rugged.
1/ Time for different $960k NFT rug this clip involving Laurent Correia a fashionable French influencer with a world TV show. pic.twitter.com/QkGeDecr5f
— zachxbt (@zachxbt) April 4, 2022The Billionaire Dogs Club task launched successful mid-December 2021 astatine a nationalist mint terms of 0.2 ETH, debased request for the NFTs saw the task restrict proviso from 6,500 tokens to 2,000 successful a bid to garner involvement for the project.
According to “zachxbt”, the Discord transmission and the squad down the task disappeared a week later, leaving NFT owners holding the bag. On-chain investigation by the expert revealed that of the estimated $960,000 generated by the project, $400,000 was allegedly sent to Correia’s nationalist crypto wallet.
4/ Here’s a breakdown wherever the proceeds from the task went.
Laurent himself received implicit $400k to his nationalist wallet. pic.twitter.com/sckMfLoT5V
Related: NFTs, Web3 and the metaverse are changing the mode scientists behaviour research
The aforesaid wallet was utilized to acquisition different high-value NFTs which Correia posted connected his societal media accounts. Zachxbt tagged the Dubai Police, the section instrumentality enforcement wherever Correia lives, tweeting that it’s “sickening to spot a DOX’d influencer truthful blatantly rug a task similar this.”
Pudgy Penguins sold to Netz Capital
The squad down the Pudgy Penguins NFT task tweeted connected Sunday, April 3rd, that the postulation was nether caller management, Luca Netz of Netz Capital purchased the task for 750 ETH, astir $2.5 cardinal astatine the time.
Looking guardant to spreading emotion crossed the Meta ❤️ https://t.co/ZBEF3W6XV2
— Luca Netz (@LucaNetz) April 3, 2022A fewer months prior, the task voted retired its arguable laminitis Cole Villemain, who has been taxable to questions astir his past dealings successful projects, giveaways, and different businesses.
With the acquisition of the 8,888 Pudgy Penguin NFTs, Netz volition person each aboriginal royalties from secondary sales.
Other Nifty News
Visa has announced the motorboat of it’s Creator Program, a mentorship programme aimed astatine helping entrepreneurs accelerate their concern done NFTs. Visa says the extremity is to bring unneurotic integer creators to empower and amended them connected blockchain exertion and NFT commerce.
Non-custodial cryptocurrency level ShapeShift DAO launched an NFT auction successful enactment of pistillate artists successful the NFT and blockchain industry, the auction started connected April 4th connected OpenSea and runs until 11th April.
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