CryptoBlog n.823
???? 1inch, Unstoppable Domains Partner on Custom Wallet Address Names 1inch Network has partnered with NFT domain provider Unstoppable Domains to give users a new feature where they can purchase human-readable domain names when buying or sending crypto assets. Through this partnership, 1inch wallet users can perform crypto transactions in a more user-friendly way by replacing complex addresses with domain names.Once purchased, the crypto wallet address name, provided by Unstoppable Domains, belongs to its holder forever and is minted as a Non-Fungible Token (NFT) on the blockchain with no minting and no renewal fees. NFT domain names can play an important role in developing decentralized identity solutions to address Web3 adoption. It can also help with issues like security and user experience, 1inch said in a statement.
CryptoBlog n.822
Magic Eden, the largest NFT marketplace on Solana, no longer requires traders to pay creator royalties. It’s an abrupt shift to the platform’s stance on royalties following the rise of rival marketplaces that started the trend. “This is not a decision we take lightly. We understand this move has serious implications for the ecosystem,” Magic Eden tweeted. “We also hope it is not a permanent decision. Today, royalties are not enforceable on-chain. We welcome and hope to see new standards that protect royalties.”
CryptoBlog n.821
Five people have been charged in France on allegations that they fraudulently acquired $2.5 million worth of non-fungible tokens (NFTs), mainly targeting Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) owners. The prosecution alleged that the suspects used a phishing operation to acquire the assets, luring victims via a fake website that promised to animate their NFTs, according to reporting by the Agence France Presse (AFP) posted by Barrons. The charges levied against the suspects, all of whom aged between 30 and 24, include “include fraud committed as part of a criminal gang, concealing fraud and criminal association.”