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This week’s Web 3.0 Woundup sees Ubisoft and Reddit teaming up over Rabbid NFTs, Nike making a million with its first NFT collection on .Swoosh, and a warning over the Inferno Drainer NFT scam.

Did you lock the door? Sure? Great, let’s go!

Rabbids Fans Pick Up Themed Reddit Avatar NFTs 

NFT lovers on Reddit have been scrambling to get their hands on avatars of Ubisoft’s popular Rabbids, which launched this week. Ubisoft launched the Rabbids videogame series in the mid-2000s and it seems their popularity has endured as many styles are already sold out.

Each NFT features a Rabbid in various outfits and poses with a selection of accessories, including the sink plunger that has been a mainstay of the Rabbid world since their launch almost 20 years ago.

Nike Makes a Milly From First .Swoosh Collection

Nike’s first collection from its .Swoosh platform has registered sales exceeding $1 million, despite technical difficulties that threatened to derail its inaugural sale. Following a brief delay, the highly-anticipated sale of Nike’s ‘Our Force 1’ virtual creations commenced on May 15, but the website continually crashed, leading users to endure an hours-long minting process.

Nike extended its early access scheme by way of apology, but when the general mint took place this week the issues still persisted, with Nike saying that it “ran into an unforeseen error that held up the minting process” which “also blocked additional purchases.

These issues didn’t seem to put buyers off however, with .Swoosh registering sales of over $1 million despite the negativity around the launch.

Warning Over Inferno Drainer Scam

This week also saw warnings over a particularly prevalent NFT scam, which has already siphoned roughly $6 million from over 4,800 victims in less than two months. ‘Inferno Drainer’ creates fake websites of top projects and lures victims into trading on them, with Pepe, Bored Apes, Sui, OpenSea and Blur among hundreds of projects and brands already targeted.

Inferno Drainer operators launched over 680 phishing websites between late March and May 19 this year, with the websites targeting over 200 brands across the crypto and digital collectibles world.

The post Web 3.0 Woundup – 28/05/23 appeared first on FullyCrypto.

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Filed under: Bitcoin - @ May 28, 2023 10:00 am