Previously, we reported about a shocking hack where a scammer stole a $4 million NFT collection by just taking a photo. That case left us with many questions about the technical vector of the attack. The Trust Wallet conducted an investigation and revealed the scheme. The day before the affair, the perpetrator shared the NDA file with the victim and requested KYC information. The fake NDA contained malware that targeted the smartphone. The criminal then persuaded the victim to transfer funds from the multi-sig wallet to a single Trust Wallet to confirm NFT ownership and copied the information he needed. The balance photo was just smoke and mirrors. But damn, this scheme deserves an episode in the new James Bond series.

NFT royalties on Ethereum hit an eye-popping 699,816 ETH, roughly translating to $1.8 billion. However, data analytics firm Nansen's deep-dive analysis points to an unsettling trend. Despite sustained NFT volumes in 2023, royalties for this year only constitute 9.4% of the total payout, a stark contrast to 2022, which accounted for over 64% of the total ETH paid. The culprit behind this disparity is the downward trend in effective royalty rates, which fell from 2.5% in 2022 to a scant 0.6% by July 2023. Some NFT projects such as Yuga Labs, behind popular initiatives like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), are among the few benefiting, receiving 9.4% of all royalties.

DMarket, hailing from Ukraine and specializing in game skin trades, has carved a niche for itself in the NFT world. According to CryptoSlam!, marketplace raced past a trading volume of $1 million, leaving behind popular NFT collections such as Sorare, Bored Ape Yacht Club, and CryptoPunks. Additionally, CSGO skins have chalked up a hefty $216 million in secondary sales.

Devin Finzer, CEO and co-founder of OpenSea, revealed on the social media platform X that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the NFT marketplace, signaling that the SEC may pursue legal action against OpenSea.

A single user acquired the CrypToadz NFT for 1055 ETH ($1.6 million), despite the fact that the average value of the entire collection is only about $1000, and this particular NFT had previously been sold for 0.95 ETH ($1500).

The NFT project Taproot Wizards, initiated through the Bitcoin Ordinals protocol, has revealed its new collection titled Quantum Cats.