Starbucks to Introduce NFTs This Year

Starbucks interim CEO Howard Schultz announced that the American multinational chain of coffeehouses and roastery reserves is entering the non-fungible token (NFT) market this year. The NFT initiative is part of the need to reshape the experience for customers and employees alike with the company, Schultz said. The company added...

BAYC Owner Scammed for NFTs Worth $567K with Fake PNGs

A Bored Yacht Club (BAYC) non-fungible token (NFT) owner was scammed for at least $570,000 after the victim was tricked into exchanging their NFTs for worthless PNGs. The victim - s27 - lost BAYC #1584 and two Mutant Ape derivatives (#13168 and #13169) to the scammer, The Block reported quoting...

Some of the Costliest NFT Thefts of All Time

As the NFT community continues to grow, so too does the number of bad-faith actors hoping for a piece of this multi-million-dollar pie. If you’re looking to get started building an NFT collection of your own, the first thing you’ll need to be wary of is rug pulls and scams...

NFT Dictionary: All the Terms and Definitions You Need to Know

Understanding non-fungible tokens (NFTs) isn’t easy. The technologies and systems that support NFTs are alarmingly complex, and every piece of infrastructure comes with a ton of jargon. And the problems don’t end there. There are acronyms everywhere and project roadmaps that read like calculus textbooks. It’s easy to get discouraged. ...