14/07/2021 Another NFT breach; Huobi NFT platform accused of copyright infringement

Huobi’s NFT trade and exchange platform has been accused of breaches on two entertainment star projects in a row. Huobi has been warned of foreseeable legal action against its NFT platform. However, the breached data has been taken down from Huobi’s NFT platform, users are now demanding a statement clarifying how the purchased and acquired NFT will be handled. 

Chinese Journalist, Colin Wu has tweeted about Huobi’s breach, making it the second copyright infringement case within one day.

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Huobi & NFTs

Huobi launched an investment arm worth $100 Million to spend on creating a space dedicated to the raging trend of Non-Fungible Tokens (NFT). The project launch was announced in May by the Huobi Group. The investment arm was created to diversify the trade and exchange platform’s market and expand into more digital assets trading. 

Huobi’s latest fund is expected to acquire blockchain companies that can coherently be merged into Huobi’s current trade and exchange ventures and make early-stage NFT venture capital investments. This included $10 million that would solely be for investing in NFTs and marketplaces that trade them.

“What we see in the market today is only a fraction of what’s possible with NFTs,” Huobi Group CFO, Lily Zhang who will head up the new Huobi Ventures unit, told Reuters.

Last month, iBox, an upcoming NFT platform was incubated by Huobi X Center to bring premium NFTs to Asia. iBox services had been made available on the Huobi ECO Chain (HECO), an EVM-compatible blockchain that provides developers with an efficient and low-cost on-chain environment for decentralized applications (dApps), smart contacts, and digital assets.

“We plan on integrating iBox with several public chains in the future while still ensuring secure, low-fee transactions,” said Leo Qin, the head of iBox.

Thread of NFT leaks

The innovative digital sphere of NFTs is getting called out for being unsuccessful at keeping digital artwork safe from the intellectual property crimes like plagiarism and copyright fraud. Yesterday, plagiarists leaked Non-Fungible Tokens (NFT) on OpenSea of a picture whose copyright belonged to Caixin and reporter Dinggang. 

OpenSea is another platform for trade and exchange of rare digital items and cyber OpenSea collectibles. It seems that recently, Plagiarism scams have increased in the NFT market sphere, unveiling series of fraudulent activities and tension amongst the NFT community.

Arts

https://coingape.com/another-nft-breach-huobi-nft-platform-accused-of-copyright-infringement/

Interesting NFTs
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.
PINK SHAMAN
Ugh! I'm PINK SHAMAN. I've never told anyone this, but I once kissed a dog. I once kissed a chimpanzee. I don't like to talk about it. I look forward to eating lasagna with you.
Bored Ape Yacht Club #9361
The Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs— unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board. Future areas and perks can be unlocked by the community through roadmap activation.
#84603
By OthersideDeployer
Playtime At Le Mans
Playtime At Le Mans | From [The Room] series A creation which focuses on minimalism and the beautiful characteristics of the famous Le Mans Porsche 917K. Do you prefer the relaxed day cycle of the Gulf Blue... or the more engaging and exciting Gulf Orange. What mood are you in? Will you win over your imagination. The cycle of time lives on...