YouTuber Logan Paul Defends CryptoZoo: Significant Developments in the NFT Landscape
Summary:
This summary covers a recent documentary by YouTuber Logan Paul about his disputed NFT project CryptoZoo, OpenSea's new tool to enforce royalty payments, security improvements by the crypto game Munchables after a hefty theft, and the listing of the Web3 game Wilder World in the Epic Games Store.
This week's bulletin brings attention to a recent documentary featuring YouTuber Logan Paul, who speaks out about his disputed nonfungible token (NFT) endeavor, CryptoZoo. Incorporate an overview of OpenSea integrating support for ERC-721C and the recuperation of the crypto game Munchables following a cyber assault. Also, gain knowledge about the enlistment of a Web3 game in the Epic Games Store.
In a documentary footage released on March 28, YouTube star Logan Paul addressed the controversial NFT venture, CryptoZoo. He regulators what he believes to have occurred, labeling the NFT endeavour as legitimate despite his financial losses. Paul asserted in the film that the CryptoZoo scandal will still unfold, especially since he's been unfairly portrayed as the antagonist. His involvement with the failed project led to investors filing a class-action lawsuit against him, prompting widespread criticisms.
NFT marketplace OpenSea has incorporated a tool to enforce royalty payments within its exchange infrastructure. As of April 2, The NFT market professes its support to the ERC-721C token standard, empowering creators to apply royalties on their collections and enforce them. Prior to this token standard, users had the option to evade royalty payments on secondary markets using platforms that didn't uphold royalty obligations. The introduction of this new token standard, however, guarantees creators get their rightful earnings.
After experiencing a massive theft, the NFT game Munchables disclosed its strategy to prevent future similar episodes. Emphasizing on the recent overhaul of its team and xternal entities brought in to bolster its security, the platform announced its plans. The NFT Game further revised its multisig, welcoming Manifold Trading, Selini Capital and ZachXBT as signers to guarantee users' fund recovery.
Web3 game Wilder World, which is still under alpha testing, has made its way to the Epic Games Store. The metaverse game, employing Web3 components such as NFTs and built on a blockchain, strives to provide a free-roam virtual experience. Collaborating with Polygon and Celestia, the project aims to develop a custom, scalable blockchain to host the virtual world. The game pledged that all in-game items, lands, gear, and avatars will be exchangeable digital assets in its marketplace.
Thanks for tuning in to our weekly summary of noteworthy happenings in the NFT domain. Be sure to check back next Wednesday for further updates and breakthroughs in this rapidly evolving sector.
Published At
4/3/2024 10:00:00 PM
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