2024

In this week’s newsletter, read about how the Financial Industry Regulatory Authority (FINRA) urged its members to be mindful of their regulatory obligations as they explore metaverse technologies, find out how North Korean hackers used a <a data-ct-non-breakable="null" href="https://cointelegraph.com/nonfungible-tokens-for-beginners/what-are-nfts-and-why-are-they-revolutionizing-the-art-world" rel="noopener noreferrer nofollow" target="null" text="null" title="null">non-fungible token (NFT)</a> to steal wallet credentials, and how Peter Thiel’s fund pushed Infinex NFT investments to $67.7 million. In other news, the Independence Day director is working on a TV series based on a Web3 game.&nbsp;
<h2 id="finra-says-rules-still-apply-in-the-metaverse">FINRA says rules still apply in the metaverse</h2>
FINRA published a report providing potential regulatory implications for finance and securities companies that operate in the metaverse. The non-governmental, self-regulatory organization said that members of FINRA should be mindful of the metaverse’s implications to their regulatory obligations.&nbsp;
In the report, FINRA highlighted that metaverse global revenue may reach $800 billion in 2024 and is expected to contribute over $3 trillion to the global gross domestic product by 2031.&nbsp;
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/financial-industry-regulatory-authority-rules-still-apply-metaverse" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Continue reading</a>
<h2 id="lazarus-group-exploited-chrome-vulnerability-with-fake-nft-game">Lazarus Group exploited Chrome vulnerability with fake NFT game</h2>
North Korean hacker group Lazarus used a fake NFT game to exploit a vulnerability in the Google Chrome browser. The malicious actors used the fake game to install spyware that extracted wallet credentials.&nbsp;
The group’s game was fully playable and widely promoted on social media platforms. The game was called DeTankZone or DeTankWar and used NFTs as in-game assets. Kaspersky Labs analysts flagged the exploit to Google, which applied a fix.&nbsp;
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/north-korean-lazarus-group-chrome-zero-day-nft-game-hack" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Continue reading</a>
<h2 id="peter-thiel-s-fund-pushes-infinex-nft-investments-to-67-7-million">Peter Thiel’s fund pushes Infinex NFT investments to $67.7 million</h2>
Patrons, the NFT collection of Infinex, exceeded $67.7 million in investments as billionaire and former PayPal CEO Peter Thiel’s Founders Fund backed the project. The platform also announced that the Patrons NFTs could be withdrawn from Oct. 28 and sold in secondary marketplaces like OpenSea.&nbsp;
The investments came despite a broad downturn in the NFT market. Blue-chip NFT collection CryptoPunks’ floor price is down by 76% from its peak valuation. Bored Ape Yacht Club NFTs are down by 91% from their peak floor price.&nbsp;
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/peter-thiel-fund-infinex-nft-67-7-m" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Continue reading</a>
<h2 id="independence-day-director-creating-tv-series-based-on-web3-game">Independence Day director creating TV series based on Web3 game</h2>
Hollywood director Roland Emmerich, an award-winning film director whose works include Independence Day, The Day After Tomorrow and Godzilla, is working on a live-action TV series of a Web3 game called Space Nation.
The game allows players to take on the role of space captains. It features Web3 elements, including NFTs that can be bought, sold and traded.&nbsp;
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/independence-day-director-tv-series-space-nation-web3-game" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Continue reading</a>

FINRA metaverse warning, Lazarus NFT attack, Thiel backs NFTs: Nifty Newsletter

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Cointelegraph

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