Square Enix auction dates, Azuki DAO rebrands to Bean: Nifty Newsletter

cointelegraph.com:

In this week’s newsletter, read about footballer Cristiano Ronaldo facing a lawsuit after promoting nonfungible tokens (NFTs) tied to crypto exchange Binance, and find out how an NFT collector thwarted a hacking attempt by a person impersonating a journalist. In other news, Azuki DAO is rebranding to Bean, game developer Square Enix announces an NFT collection, and one user claimed tokens worth $11 million in the recent Blur airdrop. 

Football superstar Cristiano Ronaldo faces a class-action lawsuit for allegedly participating in the sale of unregistered securities in partnership with crypto exchange Binance. The famous football player entered a multiyear partnership with the exchange to promote NFT collections tied to Binance’s NFT-focused arm.  

The legal complaint argued that Ronaldo encouraged his millions of followers to invest using Binance and contributed to its growth. The plaintiffs also allege that Ronaldo’s NFT sales successfully promoted the exchange, leading to a 500% increase in searches after the first sale.

Continue reading

Pseudonymous NFT trader “Crumz” avoided a scam that could have stolen NFTs from his stash. According to the trader, a person impersonating a Forbes journalist asked for an interview about the Bored Ape Yacht Club (BAYC) collection. 

During the interview, the scammer asked Crumz to click a button to allow them to record the interview and tried to distract him by asking him to say something resembling his BAYC NFT. The scammers took control of his screen, but Crumz thwarted the hacking attempt before he lost anything.

Continue reading

Azuki DAO, an unofficial decentralized autonomous organization (DAO) made for the NFT collection of the same name, announced it is rebranding to “Bean.” The