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 Harvest
An anthropomorphic figure stands, wide eyed, staring at the viewer; its body masculine, muscular, and humanoid. Its “mind” dissociates into a conglomerate of structures resembling feathers, grain, teeth–as well as a radial flower “node”, casting linear rays throughout the composition. To his left, a vat of bodies gesture and writhe in a kind of amniotic soup, attended by a video game robot. The bot's red display reads “uWu”. Behind the robot and filling the left side of the composition is an archaic figure composed of a variety of vintage objects and symbols. Among them are a hardbound book with ancient cuneiform scripts, indicating barley, beer, bread, ox, house, and sky, behind which is a grimacing, salivating jagged toothed maw; and an old Commodore floppy drive. The figure’s head tilts toward an illuminated crescent moon, suggesting the Egyptian Sacred Bull. The archaic figure is composed of a variety of mutating cells, which shift in color, and pattern; eventually breaking free into an ephemeral broadcast of bubbles which move across the background. The work came into being against a psychological introspection, which included associations to pop culture such as alien abduction and pod people, as well as quite a bit of reflection on grains as a symbol of civilization, agriculture, sustenance, life, and imbibing (mainly whiskies).
Smile to Shreds, Neon Gwen
The First KayPikeFashion Mint Ever. Ever feel so joyful and were grinning so hard you felt you could split in half? That punk rebel yell of glee when you pull of a particularly refined stunt? This is the paint of dreams, fangs and neon. Hellish and hard to pull off. I was able to with this work quietly paint a sweet inner tale of childhood influences, rat fink and autobody shops. All while pretending to paint gwenom for the audience. More on that in bonus material. This is my alternate animation made specifically for crypto art collectors. It will only ever exist in this format. You get the Shiny, unused in media verified image. More on that in the bonus material. Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve. All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs ------------------------- The purchase of this NFT Grants the buyer unique bonus material. Physical Mail Bonus Package: A verified physical Art Print. Autographed from the artist in 12x16. Please allow a few weeks for delivery. Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.
#77075
By OthersideDeployer
Rodrothonity
*waves*! I'm Rodrothonity. I want to live in a world where people believe that one day cats will rule this planet. My friends describe me as "tantalizing." It's... accurate. Let's get busy!
No Favour (cold) #17/25
No Favour for you. Cold variation.