Altr, a marketplace utilizing NFTs to trade in luxury assets, made headlines by successfully selling an NFT-backed Ferrari F40 worth $2.5 million. Instead of receiving the vehicle, the buyer got a digital ownership certification in the form of an NFT. The seller, meanwhile, has pledged to store and maintain the car until the owner claims the physical asset. Additionally, Altr offers fractional NFT ownership, empowering several investors to collectively own a high-value item. A tricky choice: to purchase an NFT for a Ferrari wheel or an entire Opel?

The total NFT trading volume for November 2023 witnessed a substantial 125% increase from the previous month, almost touching the $1 billion threshold. This spike is attributed to a significant jump in the average transaction value, which escalated by 114% to $270.

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.