CryptoBlog n.820
???? SushiSwap Head Chef Hit by Controversy in First Week SushiSwap’s newly-elected top executive — or “head chef” — has been accused of mishandling wallet exploits at his prior employer. The allegations appear flimsy, but they still present a headache for the DeFi platform accustomed to leadership drama. And legal action is brewing. Jared Grey was elected head chef of SushiSwap on Oct. 3 via an on-chain election dominated by venture capital firms, and the accusations came as Grey was still an unfamiliar figure to many in the protocol. ALQO (since rebranded as EONS) allowed users to store cryptoassets using its wallet software, Liberio. In February 2019, Liberio users began complaining of suddenly-missing funds.
CryptoBlog n.819
Mike Winkelmann has grown to be arguably the most recognizable artist in the NFT space. The legendary figure took the web3 word by storm last year with the monumental sale of Everydays for $69,000,000+. Now Beeple is giving back to the NFT community, recently announcing an exciting new initiative. Beeple took to Twitter earlier today to announce and release a sneak peek of his new Charleston-based studio. In a thread, Beeple states that this new venue will serve not only as an outlet for his artwork, but for the greater NFT community. When it comes to NFTs, there’s often a disconnect or misunderstanding as to how digital works of art could possibly be valuable, or even appreciated at all. To combat this sentiment, Beeple’s new venue will bring people together around digital art, something he believes is needed to bring in the next wave of users.
CryptoBlog n.818
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.”
CryptoBlog n.817
???? $1.2 Billion Metaverse Company Boasts It Has A Whopping 8,000 Daily Users Last week, an NFT founder tweeted that the metaverse company Decentraland only had 30 daily active users, despite its $1.2 billion market valuation. After a cryptocurrency news outlet reported the numbers, this week Decentraland hastily corrected on its blog that its metaverse actually has 8,000 daily active users. For reference, $1.2 billion is roughly one-eighth of a Bethesda. That’s a bad number and they should feel bad. But feeling bad requires some self awareness, which the blog post seems to lack. “When discussing the number of DAU or MAU in Decentraland, it’s worth keeping in mind that Decentraland is not a company and that it doesn’t view users as a product by which to measure success,” wrote Decentraland. “Decentraland is a DAO and the only open source, Web3 metaverse platform that is owned and governed by its community.”