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
Crossroad
LIMITED EDITION 1/1 | includes signed limited edition prints of all 3 states (pre-election, Trump win, Biden win) This piece is a first for Nifty, a token that will change based on the outcome of the election. If anything is constant about the times we now live in, it's uncertainty. This uncertainty is perfectly encapsulated in this piece of artwork as the person buying the piece will not know the final artwork. The artwork will be one state at auction before the election, and after the results of the election are known, will forever change to reflect a Trump or Biden win. PLEASE FUCKING NOTE: If trump wins, this token will change to that video of sexy boi king trump stomping through hell FOREVER. I don’t want you coming back to me bitching that you spent $2M* on this and now it’s a video of orangeman going HAM and it’s keeping u up at night popping mad boners. should have voted bruh. *and stfu that this isn’t gonna be worth a fuckton more when I hit 30 years of everydays and have a permanent collection in the MOMA. smh.
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Since the dawn of humanity, the Moon's phases have fascinated humans, influencing any number of activities on Earth including ocean tides, seasons, harvests, migrations, hunting, crime, sleeping, sex, and has inspired countless works of art. The first lunar calendar, dated to 32,000 BC was discovered, drawn on animal bone in caves. It's believed hunters during the last Ice Age used these portable lunar calendars to anticipate the behavior of different animals like Mammoths. Since then, our Moon has been imprinted across all our ancient and modern cultures, even becoming the system from which our Gregorian calendar evolved from. In the present day, investors in crypto have used the Moon symbolically.
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