Logan Paul Defends CryptoZoo NFT Project in New Documentary
YouTuber Logan Paul has released a video documentary addressing the controversy surrounding his nonfungible token (NFT) project, CryptoZoo. Paul argues that the project is not a scam, as he himself lost money in it. He claims that the CryptoZoo saga is ongoing and that he has been unfairly portrayed as a villain in a one-sided story. The YouTuber faced criticism for promoting the project, which ultimately failed, leading to a class-action lawsuit from disgruntled investors.
OpenSea Adds Support for ERC-721C Token Standard
Leading NFT marketplace OpenSea has introduced a new feature to its platform that allows creators to enforce royalties on their collections. OpenSea announced on April 2 that it now supports the ERC-721C token standard, which enables creators to set royalties and ensure that they are honored on secondary markets. Previously, users could bypass royalty requirements on platforms that did not enforce them. This update aims to protect creators’ earnings and provide them with greater control over their NFTs.
Munchables Implements Security Measures Following $68 Million Theft
NFT game Munchables has implemented a series of security measures after recovering millions of dollars stolen by a rogue developer. The platform has completely restructured its team and enlisted the help of external entities to enhance its security protocols. In addition, Munchables has reworked its multisignature system and partnered with Manifold Trading, Selini Capital, and ZachXBT as signers to ensure the safe return of funds to users. These efforts aim to prevent similar incidents from occurring in the future.
Wilder World Secures Epic Games Store Listing During Alpha Testing
Web3 game Wilder World has achieved a major milestone by securing a listing on the Epic Games Store even before its official launch. The metaverse game, which combines free-roaming virtual worlds with NFTs, is built on a blockchain and incorporates Web3 elements. Wilder World is collaborating with Polygon and Celestia to develop a custom, scalable blockchain to host its virtual world. The game emphasizes that all in-game items, lands, equipment, and avatars will be tradable digital assets within its marketplace.
Thank you for reading this summary of the latest developments in the NFT space. Check back next Wednesday for more updates and insights on this rapidly evolving industry.