Magic Eden updates verification system after fake y00ts and ABC NFTs
NFT
www.theblock.co
04 January 2023 17:59, UTC
Studying time: ~2 m
Solana’s prime NFT market Magic Eden up to date its verification layers for NFT collections following a sequence of pretend duped initiatives.
Magic Eden thanked the neighborhood for alerting it of pretend ABC, or Abracadabra, NFTs, in a tweet on Wednesday, including that affected events ought to contact its assist desk.
Earlier, Magic Eden blamed third-party cachers for NFT initiatives displaying unsuitable pictures, even grownup content material, for its collections and claimed it wasn’t hacked.
As one Twitter consumer confirmed, supposedly faux ABC NFTs have been being bought for 55 SOL, or $740.
View on Twitter.
The identical consumer additionally flagged faux NFTs of the favored Solana-based NFT venture y00ts.
View on Twitter.
y00ts has a 2.5 million SOL ($33.7 million) whole buying and selling quantity and is Solana’s second hottest NFT venture, in keeping with Magic Eden. ABC at the moment sits at fourth place 1.2 million SOL ($16.1 million) whole buying and selling quantity and maintains a ground worth of 165 SOL, or about $2,200.
