Nothing to see right here: OpenSea denies exec involved in $60M rug pull: Nifty Newsletter


Welcome to the most recent version of Cointelegraph’s Nifty Newsletter. Keep studying to keep up-to-date with the most recent tales on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and evokes you to dig deeper into the most recent NFT traits and insights.

In this week’s e-newsletter, examine how an artwork gallery in Dubai plans to educate artists about nonfungible tokens (NFT) and Web3, and why NFT market OpenSea stated it’s unaware of any involvement of a former govt in a $60 million rug pull. Check out what occurred with the Astrology-themed NFT collection Lucky Star and, in different information, discover out what a Chinese government-owned newspaper plans to do with its personal NFT platform.

First look: Art gallery in Dubai to educate artists on NFTs, Web3

The forthcoming artwork gallery 37xDubai, which plans to debut in October, goals to educate artists and collectors on NFTs and the broader Web3 ecosystem by way of its bodily presence.

Gallery founder Danilo Carlucci stated it plans to maintain instructional workshops in the gallery house after its launch. Additionally, the gallery intends to use NFTs primarily based on its “Tree of Life” artwork set up for its membership token.

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OpenSea “unaware” of any involvement of former exec in $60 million rug pull

NFT platform OpenSea says it’s unaware of proof that might level to the involvement of former head of ventures, Kevin Pawlak, being tied to the notorious AnubisDAO rug pull in 2021 after new accusations sprung up on social media.

An nameless X (previously Twitter) account referred to as NFT Ethics tagged the platform, asking it to converse to the accusations. They claimed Pawlak is linked to the pseudonymous id “0xSisyphus” and was involved in “various dubious business dealings.“

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Astrology NFT project Lucky Star Currency rugged for over $1 million — CertiK

The astrology-themed NFT project Lucky Star Currency (LSC) has been caught in the middle of trying to pull off an exit scam for more than $1 million, according to a report from the blockchain security firm CertiK.

The account of the deployer of the project utilized the “withdrawToken” perform on each the NFTMerge and AdwardCenter contracts. This eliminated over $1 million value of LSC tokens from the account, after which they have been exchanged for the Binance USD (BUSD) stablecoin and despatched to one other account.

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Chinese government-owned newspaper to launch NFT platform

China Daily, an English-language newspaper below the possession of the Publicity Department of the Chinese Communist Party, has plans to create its personal metaverse and NFT platform.

The publication is awarding 2.813 million Chinese yuan ($390,000) to a third-party contractor to design the NFT platform, which might both be Chinese or overseas. It additionally stated that the digital collectibles offered on the platform might be bridged to others, akin to OpenSea and LooksRare.

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Thanks for studying this digest of the week’s most notable developments in the NFT house. Come once more subsequent Wednesday for extra studies and insights into this actively evolving house.