Gyeongbuk Province in South Korea has announced plans to use Web3 technology to expand its economic ties with Vietnam.

In a December 19 announcement, provincial governor Lee Cheol-woo said the metaverse project will focus on “growing economic, cultural, commercial and people-centered contacts with Vietnam.”

Last June, the county announced it would invest $13.8 million to establish itself as a hub for cross-innovation in hopes of growing the local economy.

South Korea has been very active in developing the metaverse since the beginning of 2022 and aims to become the fifth most metaverse-ready country in the world. It has committed $186.7 million to create a comprehensive Metaverse platform known as Extensible Virtual World.

I stole 14 bored monkeys in a phishing scam
A cybersecurity analyst using the name Serpent detailed on December 17 how a fraudster stole 14 Bored Ape Yacht Club (BAYC) coins through a month-long social engineering scam.

The analyst alleged that the scam began when the victim was asked to license intellectual property rights to Apes, with the fraudster claiming to be a “casting director working for ‘Forte Pictures,’ an alias used by the alleged fraudster on an NFT-related movie called The Return of Time,” Serpent said. It was fake, even though Forte Pictures is a real (and not involved) company.

Using a fake website, fake offers, legal contracts, and other sophisticated gimmicks including Twitter Spaces to build credibility, they placed an offer for NFTs and directed the victim to a fake NFT platform where they were asked to “sign the contract,” which is where the wallet was drained.

The scam website offered a gas-less seaport signature, which they claimed needed to sign the licence. However, the signature actually created a private package list of all victim BAYCs to the fraudster for 0.00000001 ETH,” Serpent said.

“The fraudster’s wallet, funded by the underground network, filled the function of matching orders to complete the private sale. The fraudster then accepted the highest WETH bids on all NFTs, then converted 852.86 WETH into 1.07m DAI,” the analyst added.

Manchester United launches NFT collection
Manchester United Football Club has launched its first set of NFTs on the Tezos blockchain.

According to the group’s website, the initial drop was free, and only required fans to log in with their Tezos wallets to claim the NFT.

The NFTs were divided into three groups based on their rarity—Classic, Rare, and Ultra-Rare—and distributed to common fans at random.

Each NFT acts as a key that provides access to contests, tickets, and content on Discord, and the opportunity to join the club’s new virtual world, which is set to launch at a later date.

LEAVE A REPLY