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Lifetime Golf Membership NFT

$570 M BNB Hack + Aurory Update

Author

Gannon Breslin
October 07, 2022

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gm, every one it's Friday!

  • A popular NFT influencer and spaces host @ShiLLin_ViLLian received a $50k mutant ape from Machi Big Brother. Some see it as a generous gift, others are up in arms since there are countless allegations (with damning evidence) that Machi has rug pulled around 22,000 ETH from the NFT space. Thoughts?

  • Remarkable music NFT project Blocktones was revealed during a special streaming party yesterday, playing them all in succession for viewers akin to a VH1 music video countdown. (@blocktones)

  • Trolls based on the Dreamworks version of them will be put into voxel form by Gala Games. (Trolls)

  • Bessemer DAO changes its name to Seel DAO but continues along the path of bolstering artists with their community scouters. (bvp)

  • A recent survey shows that more than 30% of Canadians are interested in buying crypto sometime in the next few years. (cointelegraph)

  • Vandal Labs initiates VNDL Labs standard packages with the aim to offer Tech, Content, & Business solutions to enhance the Solana NFT Ecosystem. (@VNDL_Labs)

  • Stoned Ape Crew introduces Feeless payments for PayLeaf. A customer can now directly send USDC/PUFF to the merchant without either of them needing Solana. (@Stonedapecrew)

Rhue Resorts: Lifetime Golf NFT Membership ⛳️

A company by the name of Rhue Resorts, based in South Dakota, is in the process of purchasing a golf property in Oregon. Situated in Sisters, Aspen Lakes Golf Course “began in 1987, when the Cyrus family acquired a 1,084-acre parcel adjacent to their family farm.” The course features “deep red sand [that]creates a visual delight as it contrast[s] with the green grass, blue skies, and white, snow-covered, mountains.” A beautiful course with now, a lovely idea that just needs execution.

Rhue is releasing 10,000 NFTs for $15,000 each that will act as lifetime memberships. While these memberships don’t include annual fees and dues, they are owned forever and can also be transferred to your next of kin. In a way, it’s a generational investment. The deal is set to close by December 31st. This is a prime example of people building in a bear market and utilizing NFTs to take standard product classes to the next level. WAGMI.

$570 Million Stolen in BNB 😞

On Thursday afternoon attackers made away with 2,000,000 of Binance’s native token BNB. The attackers exploited the system for roughly $570 million dollars. This places the hack as the second largest in the crypto verse this year after the Ronin hack for $614 million. At the time of writing, BNB is down 5% as investors react with caution to the unexpected hack. Binance has reacted to the exploit with speed and estimates that only $80 million has been taken off of BSC.

The attacker’s methodology involved taking advantage of a weakness in Binance Bridge’s verification method. The hackers were able to forge a proof for a withdrawal block and make the system believe that it was real. Through two separate requests, the hackers had BSC send them 1,000,000 BNB two separate times.

This forces the community to ask some questions about Binance and its chain. For one thing, the fact that they were able to just pause the chain entirely single-handedly indicates that they are not in fact as decentralized as they claim.

Aurory Building xNFT 🏗

The hype for what Coral, the WAO company is building is getting more serious as Aurory joins the train of builders rooting for the innovation.

In their own words, there are simply too many things to keep track of as a crypto user across various chains and protocols in the current. This complex user experience (UX) has no choice but to improve and become more simplified if we want to onboard the next 1 billion users into crypto. This is why Aurory is proud to be partnered with the Backpack team as we believe that they have a serious chance at becoming an integral piece of technology that will help usher in the next wave of crypto adoption.

Although it might sound a little confusing, xNFTs are not NFTs per se. xNFT is an executable code of a Web3 application that inherits the ownership qualities of an NFT. A simple illustrative explanation is to take the Backpack as an operating system, similar to IOS or Android for example, while xNFTs are the apps that can be downloaded from the app or play store to enhance your user experience (UX) while interacting with your favorite products and services. In the blockchain lingo as Aurory has defined it, Backpack is a non-custodial wallet and xNFTs are tokenized apps within the wallet.

Aurory is building its first iteration of an xNFT and it will have a few basic components with room to expand. The intention of this tokenized app is to allow users to do nearly everything from the site except play the main game.

Sponsored Content: Monuverse is a partner of The Drop.

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Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.

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