Rarible
NFT visionaries are doubling down on community ethos amid a bearish cycle
The fever-pitch euphoria of nonfungible tokens (NFT) reached its proverbial all-time highs in the hours preceding the calamitous gas wars of the Otherside metaverse land sale. But by most reputable accounts, following almost a year of frantic exponential growth, rife speculation and cultural spotlighting, the market was long overdue a respite. A hiatus from minting drama. It has now subsided and officially entered its inaugural bearish cycle. Statistical data from OpenSea paints a sorrowful assessment of the market’s financial fortunes, with the floor prices of some highly popular collections more than halving since peak highs. The eminent Bored Ape Yacht Club is down from its peak floor price of 156 Ether (ETH) from the beginning of May to 98.8 ETH at the time of wri...
Researchers find security flaw in Rarible: Users could have lost all their NFTs
The research arm of cyber security software firm Check Point said it identified a vulnerability in the Rarible NFT marketplace that could have seen many of its roughly two million active monthly users lose their NFTs in a single transaction. Check Point is a multinational IT security firm that was founded in Ramat Gan, Israel in 1993 and also claimed to have spotted issues relating to malicious airdrops on OpenSea back in October 2021. According to documents shared with Cointelegraph, Check Point Research (CPR) recently discovered that malicious actors could send users a dubious link to an NFT that executes JavaScript code after clicking that “attempts to send a setApprovalForAll request to the victim.” If the link is clicked, the user grants full access to their wallets on Rarible. CPR st...
