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.



Interesting NFTs
Poem by Sangi Hitoshi, from the series One Hundred Poems by One Hundred Poets, Explained by the Nurse
Katsushika Hokusai (1760-1849) Poem by Sangi Hitoshi, from the series One Hundred Poems by One Hundred Poets, Explained by the Nurse late 1830s - Japan
Who is Satoshi Nakamoto?
"Who is Satoshi Nakamoto?" is dedicated to the mysterious creation of Bitcoin, and acts as the showcase artwork within Javier Arrés’ exploratory series "Bitcoin, The Origin". "Who is the creator of Bitcoin?" The artist, Arrés, explores this question, and the feelings of doubt and mystery that accompany it, through his unique artistic language. An unknown, an enigma. It should be remembered that the name Satoshi Nakamoto is a pseudonym of Bitcoin's author or authors and gives us little insight into its true creator. For this Visual Toy, Arrés uses the signature claw machine, his famous half-operation, to symbolize our collective ignorance and unconfirmed belief: As soon as it has the stuffed animal within its grasp and appears to have solved the puzzle, the animal escapes again, and again. At present, there are three more public and studied possibilities who are either believed to be the creators of the currency or who directly claim the creation of it. It may be all or none of them, yet these three personalities leave us clues which are an important part of this interesting enigma. For this moment, it will remain unknown... In this artwork, Arrés elevates the claw machine from the apparatus, to an iconic pop art object serving as an important element to the Bitcoin creation narrative. Action is everywhere, with each movement serving an iconographical or metaphorical purpose related directly to cryptocurrency: Various ups and downs, roller coasters, mining points, robot, coins and more speak to a sense of hope, risk, mystery, randomness and possibility of pay out. Hundreds of manically thought out details make this creation one of the artist’s most complex Visual Toys to date. ------- "Bitcoin, The Origin" is a set of two Visual Toys, titled "Who is Satoshi Nakamoto" and "It’s Alive!" which reflect and explore the mystery and enigmas behind the creation of Bitcoin. Arrés presents these proposals to us in his signature style, full of iconography, fantasy, maniacal animations and a panoply of details (both subtle and overt) which simultaneously fascinate, hypnotize, and narrate this historical milestone through the singular vision of the artist. Through this series, Arrés freezes a crucial moment of cryptocurrency history, taking a still photo under his vision and turning it into two unique crypto artworks. ---- More info about Javier Arrés: https://javierarres.com/about.html
Another Day In Paradise
Just as the book speaks to intelligence, the image in all its muteness speaks to the heart.
OGSerpent_Mystic Dancer Rios
Uh, hi! I'm OGSerpent_Mystic Dancer Rios. I'm a professional Dispensary Clerk and I love cantaloupe. I once dreamed of being a Private Dancer . Now I can be found tricking babies all day. I can't wait to wake you up at 4am for seemingly no reason.
Bloody Monkey
Artist notes: straight up side ya head + VERY valuable RED CIRCLE!! WOW.!!