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Cointelegraph spoke with Future Primitive’s Jayden Windle and Benny Giang to learn how NFTs can be used as digital wallets through ERC-6551. In this week’s newsletter, read about GameStop’s nonfungible token (NFT) platform partnership with game company Illuvium, and check out how NFTs can store digital assets, and how blue-chip NFT collaterals are being used in NFT lending. In other news, Nike’s NFTs are coming to EA Sports games , and don’t forget this week’s Nifty News, featuring up coming blockchain games from Epic Games. GameStop NFT back in the spotlight after partnership with Illuvium GameStop has partnered with Web3 gaming project Illuvium to launch an NFT collection called Illuvitars. The drop will feature GameStop-branded Illuvitars that can be traded on Illuvium’s decentralized exchange. Holders of the NFTs will also get early access to Illuvium’s collector games , Illuvium Overworld and Illuvium Arena. The collection will be available on June 12 and will include 20,000 N...

Only 11,440 NFT traders were active on March 11 which was the lowest figure recorded since November 2021. Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing the repercussions of a major United States bank going under. According to a March 16 report from data aggregation platform DappRadar, NFT trading volumes were hovering between $68 million to $74 million in the lead-up to SVB’s collapse on March 10, then fell to $36 million on March 12. The dip was accompanied by a 27.9% drop in daily NFT sales count between March 9 to March 11. NFT trading volume and sales count on all networks between March 1-13. Source: DappRadar 11,440 NFT traders were “active” on March 11 also, the lowest figure recorded since November 2021 according to DappRadar. The report explained the depeg of USD Coin (USDC) which hit as low as $0.88 moved trader attention away from the NFT market: As a result “NF...

Among the nonfungible tokens (NFTs) stolen from the PROOF co-founder were 25 Chromie Squiggles and one Autoglyph NFT. Kevin Rose, the co-founder of the nonfungible token (NFT) collection Moonbirds, has fallen victim to a Phishing scam leading to more than $1.1 million worth of his personal NFTs stolen. The NFT creator and PROOF co-founder shared the news with his 1.6 million Twitter followers on Jan. 25 asking them to avoid buying any Squiggles NFTs until they manage to get them flagged as stolen. I was just hacked, stay tuned for details - please avoid buying any squiggles until we get them flagged (just lost 25) + a few other NFTs (an autoglyph) ... — KΞVIN R◎SE (,) (@kevinrose) January 25, 2023 “Thank you for all the kind, supportive words. Full debrief coming,” he then shared in a separate tweet about two hours later. It is understood that Rose’s NFTs were drained after signing a malicious signature that transferred a significant proportion of his NFT assets to the exploit...