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Hey Waivly Crew! 🌊 32 users on OpenSea have lost a total of 254 NFTs after being targeted by a phishing attack. Universal Music Group has partnered with Curio to develop and launch NFT projects.

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$1.7M in NFTs stolen in OpenSea phishing attack

On Saturday night, OpenSea shared that it was investigating a phishing scam targeting users on its platform, quickly causing fear amongst the community.

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"We are actively investigating rumors of an exploit associated with OpenSea related smart contract. This appears to be a phishing attack originating outside of OpenSea's website. Do not click links outside of opensea.io." OpenSea shared on Twitter.

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According to a spreadsheet compiled by the blockchain security service PeckShield, 32 users were targeted between 5 PM and 8 PM EST, resulting in 254 NFTs being stolen.

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While it might seem like these numbers wouldn’t make a big impact on the marketplace, the attackers stole primarily high-value NFTs from collections such as Bored Ape Yacht Club, Decentraland, Doodles, Azuki, and many others, valued at an estimated total of $1.7 million.

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OpenSea CEO Devin Finzer on Twitter described that the phishing attack targeted signed partial contracts that had general authorization but had large portions of the contract left blank. Finzer continued by explaining that with signatures in place, the attackers were able to complete the contract with just a call to their own contracts, transferring the ownership of the NFTs without any payments.

Universal Music partners with Curio to launch NFT projects

Universal Music Group (UMG) has partnered with Curio, a premium NFT platform for entertainment brands and music artists.

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As part of the deal, Curio will work closely with UMG to help develop NFT projects from its record labels, artists, and operating companies and will be UMG’s “dedicated global outlet” for future officially licensed projects.

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UMG has a wide range of artists from all over the world, including Taylor Swift, BTS, Billie Elish, Sting, Lil Wayne, Rihanna, Adele, Jay-Z, Coldplay, and many others, so it will be exciting to see who decides to launch their own NFT projects in the future.

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UMG and Curio are already working together on the first projects, the first of which is scheduled to drop in March from Capitol Music Group artist Calum Scott, a well-known British singer, and songwriter.

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This isn’t the first time UMG has taken interest in NFTs and Web3, as in December, the firm partnered with Genies to develop avatars and digital wearables for its artist roster to prepare for the metaverse.

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“UMG and our labels are focused on developing NFT projects that authentically engage and speak to our artists’ fanbases and new audiences,” UMG executive Michael Nash said in a statement. “With Curio, our labels will have a secure and dedicated platform to host these premium projects and provide new opportunities for collectors and fans from around the world to acquire unique pieces, inspired by their favorite artists and labels,” he added.

The Waves

❌ How to avoid 5 common NFT scams

📱 Trump’s social network expected to launch on Monday

👕 Valkence launches Valkence Apparel

✈️ Harmony launches Bored Ape Yacht Club NFT Passport

NFT Special

Tonya

After being an NFT collector for years, CryptoTonya finally decided to create their own NFTs in 2020. Tonya is new series released a year after their generative art series, which consisted of digital oil paintings created with ML and AI.

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Adopt a Jellyfish

Adopt a Jellyfish is an exclusive NFT collection of unique jellyfishes, created by a little princess (11 years old), an artist and dreamer that loves art, photos, programming, coding, crypto, and pixel art.

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Army of Peepz

Army of Peepz is a limited collection of different crypto-based digital art assets traded on OpenSe. Every asset was made with love and the intention to proudly bring a smile to the owner's face.

Own and secure your crypto with Ledger

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The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.

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