In this week’s newsletter, read about investment giant Fidelity planning to enter the non-fungible token (NFT) space and how the Italian NFT market will grow. Find out how North Korean hackers use phishing websites to target his NFT holders, and listen to a conversation with Crypto Raiders. NFT Steez podcast. And let’s not forget that this week he covered on Nifty News that Japanese game company Square Enix is investing millions in his NFT game developer.
Fidelity plans NFT marketplace and financial services on Metaverse
On December 21, investment firm Fidelity filed three trademark applications with the US Patent and Trademark Office. The trademark filing covers NFTs, NFT Marketplaces and Metaverse Investment Services, suggesting the company has plans to enter this space.
One of the company’s focuses seems to be on the Metaverse, suggesting that one day it may offer investment services in virtual worlds. Offerings may include various funds such as mutual funds and retirement funds.
Italy Creating a Crypto Art Renaissance: NFT Market Report
A recent report published by Research and Markets forecasts that the Italian NFT market will grow by 47.6% by the end of 2022. This brings the total Italian NFT market to $671 million.
The report also forecasts that the country’s NFT industry will show an annual growth rate of 34.6% over the next five years, with spending reaching about $3.6 billion in 2028.
North Korean hackers use nearly 500 phishing domains to steal NFTs
The day before Christmas, blockchain security firm SlowMist highlighted that North Korean hackers launched a widespread campaign targeting NFT users. According to reports, the attacker created around 500 phishing domains to lure potential victims.
Some websites spoofed popular NFT marketplaces such as OpenSea, X2Y2 and Rarible. The fake website is trying to mimic a recent World Cup related project.
Nifty News: Square Enix invests in NFT game company, Beeple talks about the future of NFT art and more
Japanese gaming giant Square Enix recently launched its Metaverse initiative, investing around $53 million to create mobile and blockchain games. The announcement hinted that the company will partner with game developer Her Gumi to create a marketplace focused on gaming NFTs.
Check Cointelegraph NFT Steez podcast
Thanks for reading our digest of this week’s most notable developments in the NFT space. Check back next Wednesday for reports and insights on this actively evolving field.