Crypto News You May Or May Not Have Heard About — Issue #8

Learn about what’s happening RIGHT NOW in the world of NFTs and cryptocurrencies

As we see more large brands/companies enter the crypto space, it is always an excellent sign for the future of cryptocurrency. That being said, this will be a weekly series that accumulates a variety of crypto and NFT related news that you may or may not have heard about. Let’s get started!

WingStop Files Trademarks to Sell Wings in the Metaverse

An unexpected dive into the metaverse, within the past few months we have seen many companies enter the metaverse and now we have WingStop! Expect some more news regarding their own NFTs as well as that seems to be a part of their future plans.

CVS Files Trademarks for Pharmacy and Health Clinics in the Metaverse

Just like WingStop, CVS is entering the metaverse as well. Getting ahead of the game puts them at a good spot with many competitors lacking behind. Their plans are not fully confirmed, excited to see what they come up with.

Hackers Demand Faster Mining Speeds from Nvidia

This week, we saw a group of hackers demand NVIDIA to provide faster cryptocurrency mining speeds to their GPUs. In return, the hackers would not release stolen data from NVIDIA including email addresses and login credentials for more than 71,000 of NVIDIA’s employees. This news was unexpected and NVIDIA has yet to respond.

Pixelmon’s Disappointing Launch

Pixelmon has been one of the biggest and most hyped NFT projects in the recent months. Their mint was last month and raised over $70 million for the project. After the disappointing reveal of their NFTs (like the one above) they received absorbent amounts of backlash about their project.

However, the owner of the project later tweeted explaining that reveal as NFTs was not loaded in correctly and that the team did not anticipate how they would turn out. He also released images of what the actual in-game characters look like:

Clearly these images look substantially better, however, this “oopsies” from the Pixelmon team has definitely landed them in some hot water.

OpenSea Sued by BAYC Owner Over Stolen NFT

After the OpenSea hack last week, one of the affected users,Timothy McKimmy, who was the owner of BAYC#3475. His NFT was unknowingly sold for 0.01 ETH (equivalent to roughly $30). Immediately after, the hacker who purchased this sale resold for the NFT for 99 ETH (equivalent to roughly $250,000) leaving McKimmy with nothing. McKimmy has since filed a complaint in Texas court, as this story develops I’m sure you guys are excited as we are about this one!

We are seeing lots of exciting news in the crypto space, hope to see you guys in next weeks issue!

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