Counterfeit NFTs result in marketplace shutdown: Experts weigh in
“Rampant” issues relating to minting counterfeit nonfungible tokens, or NFTs, have forced popular platform Cent to halt some operations. Founded in 2017, Cent kicked off as a “social network and informal platform for creative experimentation.” In 2020, the team also launched an NFT platform called Valuables to mint and auction iconic tweets. Jack Dorsey’s first tweet, “just setting up my twttr,” sold for $2.9 million on the platform in March last year. On February 6th, the platform ceased NFT trading due to “a spectrum of activity” that “shouldn’t be happening.” Cameron Hejazi, co-founder of Cent told Cointelegraph: “People in this space tend to cry ‘caveat emptor’ or ‘buyer beware’ but protecting creators from those who might steal or abuse their work —...
ENS dumps director of operations in condemnation of homophobic tweets
True Names Limited, the nonprofit behind distributed domain protocol Ethereum Name Service, announced it would be ending its contract with director of operations Brantly Millegan after many uncovered his previously posted anti-LBGTQIA tweets. On Feb. 6, the decentralized autonomous organization of Ethereum Name Service, or ENS, asked users to weigh in on what actions, if any, should be taken against Millegan in regards to a May 2016 tweet in which he said “homosexual acts are evil” and “transgenderism doesn’t exist.” The DAO said some had proposed suspending Millegan from his leadership roles at ENS, voting to remove him as a director of the ENS foundation, and asking him to step down from his position. Though the DAO did not officially vote on any resolution as of the time of public...
OpenSea reverses limits on minting after community backlash
NFT marketplace OpenSea has backflipped on a controversial decision to limit the number of NFTs and collections creators can mint using its smart contract. The platform previously allowed unlimited collections and items, but changed its policy to only allow five NFT collections with 50 items per collection when using OpenSea’s collection storefront contract. The unexpected announcement from OpenSea’s Twitter Support account, posted on Jan. 27, stated the lower limits came after it had “addressed feedback received about its creator tools.” . A follow-up tweet asked the community to “share how this affects your creative flow.” NFT creators hit back, some arguing that their unfinished collections would now never be completed due to the change, with others noting that they were par...
Reddit is testing out NFT profile pics but ‘no decisions have been made’
Reddit is testing out NFT profile pictures on its platform, with the news coming just a week or so after Twitter implemented a similar feature. The popular social media platform had around 430 million monthly users in 2021, and is reportedly working on an NFT profile picture implementation that will enable users to set their profile picture to any non-fungible token with an attached image. In an Interview with Techcrunch on January 27 , Reddit spokesperson Tim Rathschmidt stated that: “We’re always exploring ways to provide value for users and communities on Reddit. At the moment we’re testing the ability to use NFTs as profile pictures (avatars) and verify ownership.” “It’s a small, internal test and no decisions have been made about expanding or rolling out the capability,” he added. Ear...
There’s a browser plugin that autoblocks Twitter NFT profile pictures
That was quick. Within 24 hours of the launch of the Twitter nonfungible token, or NFT, profile pictures for iOS update, a github contributor called mcclure has coded up and shared a browser extension that automatically blocks Twitter accounts using an NFT profile picture. The program called NFTBlocker blocks paying subscribers of the Twitter Blue for iOS service who choose to display an NFT as their profile picture. The extension works with Chrome and Firefox on desktop and while an early prototype, “future versions of this plugin will scan your notifications and do the blocking automatically.” But why would someone code up such an extension? According to mcclure’s README, it’s because NFTs are an “investment scam.” They don’t mince their words: “In short, NFT users are just irritat...
Meta exploring NFTs integration, with a marketplace reportedly in plans
Meta will support digital art creators by introducing monetisation for their collectibles Social media giant Meta plans to take advantage of the growing hype in the NFTs industry, according to recent reports. NFTs burst into the scene last year, ballooning to surpass a figure of $40 billion in trades as of the end of 2021. A Thursday report from the Financial Times detailed that ‘several people familiar with the matter’ have suggested that Facebook and Instagram are eyeing NFT integration with talks of an NFT marketplace also in the air. It is worth noting that following the transformation of Facebook into Meta, CEO Mark Zuckerberg indicated that his company would explore the idea of bringing NFTs into the Meta universe. A ‘space’ for creators to exhibit their work ...
CoinMarketCap allegedly lists 3 fake SHIB contract addresses, Twitter firestorm ensues
A bit Twitter drama ensued on Thursday, continuing well into Friday afternoon, when developers behind popular meme token Shiba Inu (SHIB) issued a statement alleging that CoinMarketCap had listed three fake SHIB contract addresses belonging to the Binance Smart Chain (BNB), Solana (SOL), and Terra Luna (LUNA) blockchains. The staff at Shiba Inu claimed that the addresses were unsafe and that CoinMarketCap had refused to correct the alleged mistake. At the time of publication, the contract addresses are still viewable on CoinMarketCap. Official Statement regarding the recent actions by @CoinMarketCap . pic.twitter.com/DXP2wZRhYC — Shib (@Shibtoken) January 13, 2022 Earlier in the day, CoinMarketCap issued a response claiming that the contract addresses listed on the page are wormhole addres...
Ari Lennox Responds To Backlash After Ghana Trip, Taking Social Media Break
HipHopWired Featured Video Source: Aaron J. Thornton / Getty Ari Lennox recently announced that she was taking a break from social via Twitter late last week. The decision was made after the Dreamville star returned from a trip to Ghana and the subsequent reactions from outside observers. On January 7, Lennox tweeted, “My heart hasn’t changed. Nobody can take the peace I felt away from me. I do not like twitter. Or SM rather. So I’m giving my passwords to my label. Hopefully this will last. Love you all and thanks for the kindness.” Related Stories The “Shea Butter Baby” singer traveled to Ghana in December 2021 to perform at the Afrochella concert, which was hosted in Accra, per Yahoo. After Lennox performed, she used the rest of her trip to explore Accra, and the experiences really...
Jill Scott Sex Tape Rumor Runs Wild, Hairy Palms Twitter Was Way Too Excited
HipHopWired Featured Video CLOSE Source: Grace Cary / Getty Jill Scott is one of the most glamorous women in the music business but beyond that, she’s also a God-tier vocalist and performer. That said, rumors of a sex tape featuring the Philadelphia native went wide and a certain segment of Twitter nearly broke the service searching for this mythical footage. We’re already well aware that Miss Scott isn’t afraid to talk about sex and even demonstrated her, ahem, microphone skills during a performance that is still one of the most intense moments in live show history. Prior to that, Scott was struck by a phone photo hack with leaked images making their way to the Internet and that too garnered a flurry of reactions. Scott’s name began trending across Twitter heavily on Tuesday (Jan. 4) afte...
Jill Scott Shuts Down Sex Tape Rumors: ‘Y’all Too Much’
Twitter went wild Tuesday after rumors of a sex tape involving Jill Scott went viral on the platform, and the singer is not having it. “Say word!?!” the R&B singer tweeted alongside a GIF of herself taking her bows onstage in front of an adoring crowd. “I expect this energy when my new movies, albums and tv show drop. Ya’ll too much. #headedbacktowork #hydrate.” Soon enough, however, the Twitterverse realized that the salacious gossip was just that, and no such video was being passed around in links and DMs. Explore Explore Jill Scott See latest videos, charts and news See latest videos, charts and news “It’s no Jill Scott sex tape that mf was lying. How you gone start a rumor like that ?! Report his account,” one fan wrote, while a second chimed in, “You know what, if y’all lying abou...
Nigerian Social Media Star Shola Stirs Up Controversy Across Naija Twitter
HipHopWired Featured Video CLOSE Source: Education Images / Getty The term “Alpha Male” came into vogue on the heels of Kevin Samuels and his unflinching and controversial commentary on men, women, and relationships. Nigerian social media star Shola brought the term back to its buzzing ways by way of hosting a Twitter Space focused on the Alpha Male concept. Babatunde Olushola, who goes by the name of Shola online has amassed quite the following on social media and ruffled feathers via a tweet that took off and sparked a flurry of reactions across Nigerian users of Twitter. “So y’all getting Alpha male degrees now?” read a tweet caption via Shola’s @jayythedope Twitter account on Sunday (Jan. 2). The image featured a master’s degree diploma for “Alpha Male Studies.” This was coupled with a...
Crypto Twitter year in review: 10 influential tweets of 2021
Another year has come and gone in the cryptocurrency industry, leaving behind an ocean of developments, drama, price swings and innovation — all moving at a breakneck pace that even Barry Allen would have a hard time keeping up with. Similar to previous years, Twitter has yet again served as a hotbed of crypto industry discussion in 2021. Over the past 12 months, Bitcoin (BTC) rode a price rollercoaster, nonfungible tokens (NFTs) sold for millions of dollars and Dogecoin (DOGE) reached illogical price highs — and that’s just the tip of the iceberg. Twitter, of course, sat right in the middle of the action, with people and companies posting all sorts of industry-related content. Providing a glimpse into some of the action — a time capsule of sorts for the future, or maybe an update fo...
