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.

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
DΞSTINATION HΞXAGONIA BY DON DIABLO
Welcome to DΞSTINATION HΞXAGONIA. This NFT comes with a full length audio visual experience of one hour which we have carefully created over the course of the last twelve months. You will receive a unique hand-crafted box, which includes a harddrive that contains the only copy of the high-quality file of the film, making it a truly unique art piece. Welcome to the FUTURΞ.
Stay Free (Edward Snowden, 2021)
This unique, signed work combines the entirety of a landmark court decision ruling the National Security Agency's mass surveillance violated the law, with the iconic portrait of the whistleblower by Platon (used with permission). It is the only known NFT produced by Snowden. Produced using open source software. This auction is on behalf of Freedom of the Press Foundation. https://www.aclu.org/press-releases/appeals-court-strikes-down-nsa-phone-spying-program-aclu-lawsuit
Lost of paradise
I created this artwork after reading of article in TIMEs magazine - Where We'll End Up Living as the Planet Burns. Everyone have to think today how climate migration will reshape our world. Scientists expect that by 2100 it will be a different planet. Composition and animation created at Cinema 4D. Background generated in Neural Network.
Originalplan® - Series 1 - Raw Cut Diamond Be@rbrick
The Be@rbrick series is a project around creating unique Be@rbrick designs. Originally it started as a daily project so each design was created on a daily basis. The concept and idea is based on the subcultural phenomenon of collectibles and designer toys. Raw Cut Be@rbrick is made of several hundreds of diamonds and is only availabe as a 1/1 limited edition collectible. Format : 3D Render. File: JPG * size: 5120 × 2880px After purchase a hand signed Glichē print will be sent to the address of your choosing. Limited to: 1/1 digital pieces.
Magnificent
Discovery of a new planet.