investment

investment

Photo by Andrey Metelev on Unsplash

The first International NFT Day is celebrating the digital assets sweeping the Internet.

The day is meant to highlight the nonfungible tokens that have quickly gained popularity by bringing together companies like a16z, Dapper Labs and Metaverse HQ, among many others. The celebration comes amid the latest crypto crash, perhaps putting a slight damper on things. Still, celebrities like Snoop Dogg are observing the occasion.

From celebrity collection drops to local startups, here’s a roundup of all things NFT.

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Photo by Quantitatives on Unsplash

With the continually surging popularity of cryptocurrencies and NFTs, there has been an increase in scams targeting unsuspecting consumers. Even “ crypto winter” hasn’t slowed grifters looking to make big bucks by ripping off crypto and non-fungible token enthusiasts. In an August report, blockchain analytics firm Elliptic noted that investors had lost $100 million to NFT scams between July 2021 and July 2022. That was pocket change compared to cryptocurrency thefts—also in August, blockchain analytics firm Chainalysis reported $1.6 billion in total crypto losses from hackers attacking services designed to help investors transfer digital assets from one network to another.

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iTrustCapital—a Long Beach-based trading platform that allows investors to buy cryptocurrencies, gold and silver through their retirement accounts—is Southern California’s newest tech unicorn after raising $125 million in a Series A funding round.

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