Browsing: NFTs & Digital Collectibles

NFT games bring together the best of blockchain technology and interactive gaming, letting users own, trade, and monetize assets. NFTs started out as digital collectibles for digital art pieces, virtual assets, and avatars. They have diversified into other use cases beyond speculation, into more utility-driven ecosystems.

Magic Eden is investigating unusual activity involving several thousand Ethereum-based NFTs that reportedly moved for 0 ETH, raising concerns about a possible contract exploit. However, a pseudonymous account involved in the transactions claims the activity was part of a white-hat operation. Magic Eden has not verified that claim.

Old Magic Eden NFT approvals could still put some former users at risk months after the company closed its Ethereum marketplace. A September 25 warning from wallet security service Revoke.cash says that a vulnerability in Limit Break’s Payment Processor V2 affects wallets that still authorize the contract to move NFTs. Those approvals remain active until…