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What's the Most Profitable NFT Strategy: Buying at Mint or Later?

In the world of digital art, one of the few constants is the “fear of missing out” on the next major project. But is there a right time to buy an NFT to increase your chance of making a profit?

(Andrey Metelev/Unsplash)

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OpenSea Says Phishing Attack Impacted 17 Users

On Sunday, a phishing attack on NFT marketplace OpenSea caused 17 users to lose digital assets with significant values. “The Hash” hosts discuss the subsequent lawsuits against OpenSea, raising questions over where responsibility lies in decentralized infrastructures.

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A Former Bored Ape Owner Is Suing OpenSea for $1M, but His Lawsuit Is Riddled With Errors

Timothy McKimmy says his Bored Ape was sold out from under him for just a fraction of what it was worth.

The original Bored Ape Yacht Club NFT collection features right-facing cartoon apes. (Yuga Labs)

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Korea’s KB Embraces Crypto; China’s NFT Fever

South Korea’s KB Asset Management plans crypto funds. NFTs hit resale market in China despite criticism over speculation. OpenSea investigates $1.7M phishing scam. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Finance

OpenSea Says Phishing Attack Impacted 17 Users

The attack also no longer appears to be active because there has been no activity on the malicious contract for over 15 hours.

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OpenSea Investigating ‘Exploit Rumors’ as Users Complain of Missing NFTs

Emails purporting to be from the NFT marketplace about a planned smart contract migration may have been a phishing attack.

(Wenceslaus Hollar, courtesy of the Met Museum)

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NYSE Expanding Into NFT With Plans to Launch Its Own NFT Marketplace

The New York Stock Exchange (NYSE) filed a trademark application to provide an online marketplace for NFTs, cryptocurrencies, digital media and artwork. If successful, the exchange would be competing with the likes of popular NFT marketplaces OpenSea and Rarible. "This shows how interested corporations are in being involved with the times," Will Foxley says. "The Hash" team dives into what this means and why NYSE needs to file for a trademark at all.

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Finance

OpenSea Expands Into the Venture Capital Business

OpenSea Ventures will be led by OpenSea co-founder Alex Atallah.

(OpenSea/BeFunky, modified by CoinDesk)

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OpenSea Accounts of Couple Allegedly Tied to $4.5B Bitfinex Hack Have Disappeared

Heather Morgan and Ilya Lichtenstein's OpenSea accounts have disappeared, according to BuzzFeed News. The couple was arrested by the Department of Justice (DOJ) Tuesday on allegations they laundered $4.5 billion in stolen bitcoin during a 2016 hack of crypto exchange Bitfinex. "The Hash" team discusses the latest in an ongoing saga, exploring the intersection of NFTs and money laundering.

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