OpenSea Archives - Crypto Insider https://cryptoinsider.asia/post_tag/opensea/ Crypto and Blockchain News Thu, 12 Jan 2023 17:01:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://cryptoinsider.asia/wp-content/uploads/2021/11/cryptocurrency-icon.png OpenSea Archives - Crypto Insider https://cryptoinsider.asia/post_tag/opensea/ 32 32 199368904 Trump Digital Trading Card Project Mints NFTs for Winners of Prizes https://cryptoinsider.asia/trump-digital-trading-card-project-mints-nfts-for-winners-of-prizes/ Thu, 12 Jan 2023 17:01:47 +0000 https://cryptoinsider.asia/trump-digital-trading-card-project-mints-nfts-for-winners-of-prizes @ Crypto Insider

The same OpenSea wallet that sold the original images of the 45th president has minted…

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The same OpenSea wallet that sold the original images of the 45th president has minted the sweepstakes prizes, from a group Zoom call to a gala dinner.

Although former U.S. President Donald Trump’s non-fungible token (NFT) collection sold out in December, its NFTs for sweepstakes winners are now flooding the market.

According to data from NFT marketplace OpenSea, the same wallet that sold the original NFTs is minting tokens that serve as access passes to the sweepstakes prizes touted during the launch of the Trump Digital Trading Card collection in December.

The tokens feature images of Trump holding a sign resembling a ticket, listing the prizes promoted during the original mint. These include a group Zoom call, a gala dinner and a hardcover copy of his book “Our Journey Together.”

The collection now has a trading volume of 35 ETH, or about $48,500, and a floor price of 0.021 ETH, or nearly $30.

Where the tokens in the original mint cost $99 to mint and enter the sweepstakes, the new token prices range depending on the rarity of the experience. While the group Zoom call costs 0.03 ETH, or $40 to access, a one-on-one meeting with the 45th president is listed at 200 ETH, or about $278,000. According to the official sweepstakes rules, the average retail value of the one-on-one meeting with Trump at Mar-a-Lago is “$0/Priceless.”

The original collection has seen a dramatic drop in trading volume since it launched, with a current floor price of 0.17 ETH (about $235) and an almost 99% drop in trading volume since its peak, according to data from CryptoSlam.

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OpenSea Reports Email Data Breach https://cryptoinsider.asia/opensea-reports-email-data-breach/ Thu, 30 Jun 2022 07:03:06 +0000 https://cryptoinsider.asia/opensea-reports-email-data-breach @ Crypto Insider

An employee at an outside contractor tasked with managing OpenSea email newsletters copied the list…

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An employee at an outside contractor tasked with managing OpenSea email newsletters copied the list of customer emails and shared it with an outside party, OpenSea says.

Watch out for phishing emails, says OpenSea, after staff at the world’s largest NFT marketplace discovered that an employee of Customer.io, a platform for managing email newsletters and campaigns, leaked the list of OpenSea customers’ emails to an outside party.

Email newsletter management platforms and Customer Relationship Management (CRM) software appear to be a weak spot for crypto firms as leaks of this data continue to happen at a high frequency.

In March, Hubspot, a platform similar to Customer.io, was hacked, affecting BlockFi, Swan Bitcoin, NYDIG, and Circle.

Users of these platforms had their names, phone numbers and email addresses leaked to an outside party.

OpenSea said that malicious actors may try to contact OpenSea customers via emails from domains that look similar to OpenSea.io such as OpenSea.org or OpenSea.xyz

On Twitter, OpenSea customers are complaining of an uptick in spam emails, calls, and text messages.

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OpenSea Suspends Trading of Sands Vegas Casino Club NFTs https://cryptoinsider.asia/opensea-suspends-trading-of-sands-vegas-casino-club-nfts/ Fri, 22 Apr 2022 10:38:48 +0000 https://cryptoinsider.asia/opensea-suspends-trading-of-sands-vegas-casino-club-nfts @ Crypto Insider

Gambling Apes NFTs promised cut of the profits from casinos built on metaverse platforms and…

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Gambling Apes NFTs promised cut of the profits from casinos built on metaverse platforms and Web 2.

NFT marketplace OpenSea has suspended the trading of “Gambling Apes” NFTs from the Sands Vegas Casino Club after regulators in Texas and Alabama ordered trading to halt as they were categorized as unregistered securities.

Cyprus-based Sand Vegas Casino Club said that holders of the Gambling Apes NFTs can participate in profit-sharing from the proceeds of the casinos.

In an update on its discord, BlackyJefferson21, a community lead for the project, said that the team is working with lawyers and has reached out to Texas and Alabama in “good faith” to discuss the next steps.

Another admin said that the team intends to comply with all laws and regulations but “was previously not subject to any registration requirements, and had not been contacted by any governmental organization regarding registration requirements.”

The team forecasted proceeds of up to $24,480 from the “Gambler” NFTs and up to $81,000 per year from the higher-end “Golden Gambler” NFTs.

“It appears the main issue with the ‘Gambler’ NFTs is that there was an explicit expectation of profit sharing, which appears to run afoul of the SEC’s Howey test,” said Christopher LaVigne, a a partner in the litigation and arbitration team of international law firm Withers.

LaVinge said that if the SEC determines an NFT marketplace is providing a trading platform for securities, it will most certainly take the view that the marketplace is operating as an unlicensed exchange.

OpenSea did not respond to a request for comment from CoinDesk by press time.

The NFTs are now listed at LooksRare and continue to be traded, according to data from Etherscan.

The project’s Twitter profile has been removed, and many of the listed team members haven’t tweeted for months.

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