Porsche NFT trading volume nears $5M: Nifty Newsletter, Jan 25–31
Professionals working in the Web3 space shared various ways and tools that can help users prevent NFT theft. In this week’s newsletter, read about how Moonbirds founder Kevin Rose lost nonfungible tokens (NFTs) worth more than $1.1 million. Find out why an NFT collector is suing NFT marketplace OpenSea over locking his account for three months and how the Porsche NFT collection gained almost $5 million in sales volume , despite a failed launch. In other news, find out how NFT trademarks could potentially be a reliable signal for NFT traders. Lastly, professionals within the Web3 space shared various ways to combat NFT theft. Moonbirds creator Kevin Rose loses $1.1M+ in NFTs after one wrong move Moonbirds co-founder Kevin Rose lost over $1.1 million in NFTs after falling victim to a phishing scam. According to various analysts, Rose approved a malicious signature that let the attacker transfer tokens from his wallet. An on-chain analyst named “Quit” on Twitter said that the malicious...