Amazon NFTs, Losing $2m in a phishing attack, $105m payday, Is Bitcoin the best performing asset in the world this year?
Fomo Fix Weekly Roundup #19
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Amazon NFTs
Amazon is reportedly entering the NFT and Web3 gaming space with a digital assets initiative. The retailer plans to launch a "digital assets enterprise" dedicated to NFTs and Web3 gaming this spring, according to anonymous sources cited by Blockworks last week Thursday.
Blockworks reported Amazon's exploration of layer-1 blockchains, blockchain gaming firms, and digital asset exchanges. NFTs are expected to play a significant role in the spring 2023 launch, according to anonymous sources. The report cited an example of Amazon offering games with free claimable NFTs.
Recently, Amazon's AWS announced a partnership with Ava Labs to accelerate blockchain technology adoption across industries. AWS plans to provide easy node deployments to support Avalanche's infrastructure and DApps ecosystem. Along with Amazon, other big mainstream firms have revealed plans to enter NFTs and other cryptocurrencies in the past year.
Shopify introduced NFT integration, enabling merchants to create and sell their own NFTs.
Nike acquired RTFKT the creators of CloneX NFTs.
Gamestop launched its own NFT platform.
Looking forward to see how this plays out for Amazon but it should be interesting.
Losing $2m in a phishing attack
Kevin Rose CEO and co-founder of PROOF, the company behind the popular NFT project Moonbirds is the latest victim of a phishing attack that drained his wallet of NFTs worth ≈$2m.
PROOF's VP of Engineering, Arran Schlosberg, later tweeted that Rose was "phished into signing a malicious signature that enabled the hacker to transfer valuable tokens."
The scammer stole 40 NFTs, including Autoglyph, 25 Chromie Squiggles, QQL Mint Pass, Admit One pass by gmoney, Cool Cat NFT, The Currency NFT by Damian Hirst, Quantum Key, and OnChainMonkeys, according to Etherscan link provided.
Coinbase's CPO leaves with $105 million payout
On February 3, Surojit Chatterjee's last day as Coinbase's CPO, he will have earned $105 million from stock sales. Chatterjee joined Coinbase from Google in Feb 2020 with a yearly salary of nearly $1 million. To acknowledge his contributions, Coinbase and Chatterjee have agreed on a separation deal with severance benefits and advisory services from Feb. 4 to Dec. 31.
Chatterjee had a 5-year agreement with Coinbase, but left after 3. Despite the COIN stock being $49 per share, reducing his compensation value compared to 2021, family issues may have played a role in his departure. He stated in a LinkedIn post that he needs time to attend to his family and grieve after his father's Alzheimer's diagnosis and mother's unexpected passing.
Goldman Sachs’ ranks Bitcoin as best-performing asset in 2023
Goldman Sachs has named Bitcoin the best performing asset of 2023 after its continued recovery from losses in 2022. Bitcoin's 38.21% increase, surpassing $23,000, led to its ranking by Goldman Sachs. The bank's report showed a 27% YTD return and a risk-adjusted ratio of 3.1, better than other assets. Goldman Sachs noted Bitcoin's outperformance compared to the S&P 500, gold, real estate, and Nasdaq 100, with the MSCI emerging markets index being the closest with a 8% YTD return.
More News….
Tesla held onto its Bitcoin in Q4 despite market turbulence.
Nike’s Web3 Platform .SWOOSH Will Reward Creators for Virtual Sneaker Designs.
SEC Rejects Another Spot Bitcoin ETF Bid by ARK and 21Shares.
FTX Creditor List Features Netflix, Binance, Wall Street Journal.
Interesting Reads
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DISCLAIMER:
None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.