305 ETH down the drain

Good morning ladies and gentlemen, here's a reminder to check in on your beloved NFTs. Give them some love and make sure they're not feeling lonely. 

Today's issue takes a deep dive into wallet security, mainstream adoption, and a live NFT music performance?! All of which and more covered below👇

- Hunter Maier

• $900,000 phishing attack leaves hodler apeless

• Crypto is stagnant

• NFTs over Ellen's live performance

• Web3 adoption is REAL

• Bored Ape Yacht Club - Floor Price: 101.69 ETH

• Bored Ape Kennel Club - Floor Price: 8 ETH

• Goopdoods - Floor Price: .189 ETH

• Clone X - Floor Price: 14.4 ETH

Another catastrophic malicious phishing contract was signed yesterday, awarding a hacker with a total of three Bored Ape Yacht Club NFTs in the process.

A user that goes by the name of @blackappleart lost upwards of $900,000 through a fake NFT animation site. As provided by @zachxbt, here's the tweet that BlackAppleArt fell victim to:

While it's evident that you should never link your wallet to any site that may look suspecting, in BlackAppleArt's defense, the tweet came from a verified Twitter profile claiming to be a co-founder of BAYC. Upon the news reaching the public, thousands went on to report the account for its malicious activity. As a result, the hacker went on to delete every tweet the account had ever made:

Despite this, the verified profile remains active!

As someone who writes these newsletters to educate and inform, I feel it's my responsibility to continue advocating for the use of a hardware wallet. Hackers/Scammers will continue to construct clever ways to steal your hard-earned assets. Considering we all spend ungodly amounts of money on NFTs, an $80 hardware wallet is nothing compared to the safety and assurance it provides.

I recommend Ledger for those who don't already have a hardware wallet.

Secure your assets here!

Yesterday the crypto market remained relatively quiet after the recent momentum. At the time of writing this, Ethereum is currently trading just below $3000 as it continues rubberbanding sideways. The coin's current price action is most likely due to the cooldown of volume followed by the big move.

Other notable coins, including Bitcoin, Solana, XRP, and Cardano, followed the same trend in price action.

Yesterday, notable dance music artist @Kiesza performed live on The Ellen DeGeneres show with a posse of NFT characters from her upcoming project, which you can view here:

In partnership with web3 based company QGlobe and 3D artist Luke Didlo, Kiesza intends to share her passion for music and creative expression with her collection 'The Milkyway Pirates.' While development for the project is still early, you can read up on project specs and more via QGlobe's official site or the project's official site.

The music industry is becoming more involved with web3 technology for several reasons. One of the most prominent is the ability to connect with an artist's audience on a more intimate/personal level. From the information I've gathered, this fundamental idea seems to be the backbone of what Kiesza intends to do with her project.

We are in no way associated with Kiesza or Milkyway Pirates.

Many who read this newsletter know that I preach that mainstream adoption is the key to the future success of web3. Here are some companies and their recent associated ventures that intend to bring light to the ecosystem in time:

• Nexo Ventures - Intends to launch a $150M web3 investment fund.

• Crypto.com - Intends to sponsor the 2022 FIFA World Cup.

• BAYC - Raised $450M to create immerse metaverse.

• Goldman Sachs - Invests in crypto

• Greyscale - Creates smart contract fund.

As most of the world remains confused around NFTs, crypto, decentralization, and everything in between, companies like these will continually affect the standpoints of many (in a good way, hopefully). It may be years or even decades until full adoption takes place. Until then, news like this is what's going to get us there!

Nothing mentioned in this newsletter is financial advice, we are NOT financial advisors. NFToday was created with the intent to entertain those who choose to read and be a part of the community!