Non-Fungible Tokens
The Complex Financial Challenges of NFTs in South Africa
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19 celebrities called out by consumer watchdog group for shilling NFTs
Consumer watchdog group Truth in Advertising (TINA.org) has called out 19 celebrities for allegedly promoting non-fungible tokens (NFTs) without disclosing their connection to the projects. The not-for-profit consumer advocacy organization said on their website they investigated “celebrities who promote non-fungible tokens (NFTs) on their social media channels”, finding that “it is an area rife with deception.” Among the star-studded list are sports stars Floyd Mayweather and Tom Brady, music icons Eminem and Snoop Dog, and several actresses, including Gwyneth Paltrow, all of whom have been sent letters urging them to immediately disclose any material connections they have to NFT companies or brands they have promoted, stating: “The promoter often ...
British Army’s social media accounts hacked by crypto scammers
The British Army’s official Twitter, Facebook and YouTube accounts were breached on Sunday for almost four hours, with scammers promoting rip-off nonfungible token (NFT) collections and cryptocurrency scams. Just after 2:00 pm EST on Sunday, the United Kingdom Ministry of Defence (MOD) Press Office tweeted it was aware the Army’s social media accounts were compromised and had begun an investigation. Nearly four hours later, close to 5:45 pm EST, the Office provided an update that the account breaches were resolved. The British Army’s official Twitter account also apologized for the posts, saying it would conduct an investigation and “learn from this incident.” The breach of the Army’s Twitter and YouTube accounts that occurred earlier today has been resolved and an investigation is u...
Twitch co-founder raises $24M for Web3 gaming firm Metatheory
Web3 gaming and entertainment company Metatheory founded by Twitch co-founder Kevin Lin has raised $24 million in a Series A funding round on Monday. The round was led by crypto capital venture firm Andreessen Horowitz (a16z), with participation from Pantera Capital, the venture arm of the FTX cryptocurrency exchange, FTX Ventures, and other venture firms, according to the announcement. Metatheory was launched in November 2021 around one year after Lin left Twitch, where he wrote in a Medium article at the time that he was creating the gaming company and also a blockchain game called DuskBreakers. Lin was quoted in this week’s announcement as saying: “Building immersive digital experiences has always been a passion of mine, and after stepping away from Twitch to explore what’s next in...
An NFT is Being Made for This Apartheid Struggle Legend
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SA Cricketer Dale Steyn Launches Limited Line of NFTs
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