In this week’s newsletter, read about Line Next’s $140 million fundraise while preparing to launch its nonfungible token (NFT) marketplace globally, and find out how NFT Trader recovered $3 million in NFTs that were stolen from its platform. Check out how an executive imagines renting out in-game assets through NFTs, and read about the OKX NFT platform surpassing competitors in daily trading volume. In other news, Coinbase’s Base blockchain gets its very own song.
Line messenger’s NFT arm raises $140 million for Web3 services
Line Next, which is the popular messaging platform’s NFT-focused venture, raised $140 million as it prepares to launch a global marketplace. Crescendo Equity Partners, a firm backed by former PayPal CEO Peter Thiel, led the funding round.
The company also announced that DOSI, Line Next’s global NFT marketplace, is scheduled to launch early in 2024 after integrating with the firm’s existing NFT platform based in Japan.
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NFT Trader’s stolen Apes returned after bounty payment
The hacker who stole nearly $3 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs returned the assets after receiving a bounty payment of 120 Ether (ETH), which is worth around $260,000.
In total, the 36 BAYC and 18 MAYC NFTs that were stolen were returned after a community initiative led by the ApeCoin-funded security project Boring Security. The assets were recovered less than 24 hours after paying the bounty, which was 10% of the floor price of the NFTs.
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Web3 firm sees a future where gamers rent out their in-game assets for crypto
In a Cointelegraph interview, Polemos co-founder Richard McLaren expressed hopes for a future where players can rent in-game items through the blockchain. This could be borrowing NFTs that allow trying new games on their wishlist or NFTs linked to tools that could help gamers pass a difficult level inside games.
McLaren said this feature would allow newbies to dip their toes into games without fully committing…
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