Crypto Market Overview February 3rd | Dex-Trade

Crypto Market Overview February 3rd | Dex-Trade

Crypto Market Overview – February 3rd, 2022

 

Tokenized Art Pipeline: John Legend Launches NFT Platform for Artists

American singer and composer John Legend announced his participation in the launch of the OurSong NFT platform, which will allow musicians, artists and other industry representatives to tokenize and sell their work, providing buyers with a number of bonuses such as access to unreleased tracks and private fan chats. OurSong native tokens will be called Vibes and valued by content authors based on the platform's pricing policy. Legend will be appointed as the influence director of the platform, whose duties will include attracting promising artists and their fans. In an interview for Bloomberg, the musician said that despite being constantly busy with his own projects, he sees great prospects in OurSong and hopes that the platform will help unite many people and rally them around art. Chris Lin, co-founder of digital music streaming service KKBOX, will be the CEO of the project. Later, co-founder of streaming video platform Twitch Kevin Lin and founder of early-stage venture capital firm Cherubic Ventures Matt Cheng will also join the team. By the way, Lin said that users will not need a crypto wallet to buy NFT on the platform. Tokens can be purchased for USD by exchanging them for OurSong dollars (OSD) directly on the site.

 

Second Biggest Theft in DeFi: 120,000 wETH Leaks Through Wormhole Blockchains

According to Elliptic, 120,000 wETH, equivalent to $325 million, was illegally moved through the Wormhole blockchain bridges with Ethereum, Solana, Terra, Binance Smart Chain, Polygon, Avalanche and Oasis on February 2, making this the second largest theft in DeFi and the fourth in the history of crypto. According to analysts, the exploit apparently allowed the attacker to create 120,000 wrapped ETH on the Solana blockchain, 93,750 of which were then transferred to the Ethereum blockchain. In the latest message from Wormhole (00:41 UTC), the developers confirmed that the vulnerability has been fixed and they "are working to get the network back up as soon as possible." "This demonstrates once again that the security of DeFi services has not reached a level that is appropriate for the huge sums being stored within them. The transparency of the blockchain is allowing attackers to identify and exploit major bugs." — Tom Robinson, Co-founder of Elliptic, told Bloomberg. Of course, the Wormhole team will fully debug the service and return all the tools to their places. But the same cannot be said about stolen user funds. Therefore, the virgins offered the hacker a $10 million reward if he returned the funds. So-so exchange rate...

 

Disney Has Woken Up and Is Looking for NFT Experts to Enter a Growing Market

The Walt Disney Company has posted four recent job openings on its website that mention “knowledge of and passion for digital and NFT categories.” among other requirements. The key of these positions is a business development manager with knowledge of NFT technologies. And it doesn't seem to be a "drill." “As a Manager of Business Development, you will be an essential player on the Digital Experiences team, responsible for developing and ensuring execution of Disney’s Digital Experiences distribution strategy, identifying and securing incremental revenue opportunities, and overseeing select relationships in the technology sector. You will help lead Disney’s efforts in the NFT space including monitoring the evolving marketplace, setting category strategy, and managing key partners,” — the job posting reads. A few days ago, on The New York Times' "Sway" podcast, former Disney CEO and Chairman Bob Iger hinted that the company had decided to create its own metaverse. He even suggested that Disney's vast library of intellectual property would give the company an edge in capitalizing on the rapidly growing NFT market. And this is confirmed by the fact that last year the company successfully sold digital comics and other items from its Marvel franchise, as well as posters dedicated to the "golden moments" from Star Wars and The Simpsons, which started at $333 and reached an impressive $47,000.