A recent report by blockchain security firm PeckShield revealed that approximately 50% of stolen nonfungible tokens (NFTs) are sold within 160 minutes on various NFT marketplaces such as Blur and OpenSea.
On July 3, PeckShield shared several notable findings about NFTs, including the value of stolen NFTs in June, the time it takes for stolen NFTs to be sold, and the specific NFT marketplaces where these stolen assets are being traded.
According to PeckShield, the total worth of stolen NFTs in June 2023 amounted to $2.27 million, which is the lowest recorded value for a month so far this year. Additionally, the data reveals a significant 85% decrease compared to the peak month of February when stolen NFTs were valued at $16.2 million.
Meanwhile, when it comes to selling stolen NFTs, the preferred marketplaces have been Blur and OpenSea. In June, a staggering 99.7% of stolen NFTs were sold on these two platforms, with Blur handling 86% of the transactions and OpenSea accounting for 13.76%.
In another development, a decentralized autonomous organization (DAO) consisting of Azuki NFT collection holders has put forward a proposal to hire a lawyer and take legal action against Azuki’s founder, Zagabond. The DAO aims to gain control over the $39 million worth of Ether (ETH) that Zagabond has earned from the recent sales of Azuki’s new collection called “Elementals”.
The reasoning behind the AzukiDAO’s proposal is that allocating these funds to the DAO will foster the growth and development of the entire Azuki community.
#NFT #Ether #OpenSea #DigitalCollectibles
