NFT

According to The Block and other crypto outlets, leading NFT marketplace Magic Eden has disclosed that, due to legacy smart-contract approvals, roughly $5.7 million in NFTs were exposed to potential theft risk. The platform mitigated the risk through emergency contract upgrades and user-approval migration, but the episode highlights the long-standing security challenges of NFT and on-chain approval mechanisms.

Core Summary POAP (Proof of Attendance Protocol) has announced it will shut down, ending more than five years of operations. The platform was used by approximately 46,210 issuers including Coinbase and American Express to create onchain event mementos for users to mint. POAP’s closure marks the end of an era in early NFT utility experimentation. Editor: GoodInfo Global News Team