Web3 Security Alert: Avoiding Fraudulent NFT Collections
Web3 Security Alert: Avoiding Fraudulent NFT Collections
馃毃 Crypto Scam Alert!
NFT collectors are being warned about the potential risks of fraudulent NFT collections that may be airdropped to their wallets. These collections often attempt to gain unauthorized access to users' NFTs by requesting excessive wallet permissions. To avoid falling victim, collectors are advised to carefully review wallet permissions, verify the legitimacy of collections directly with the associated projects, and exercise caution before acting on unexpected airdrops. The Chainlink community is providing security education and tips to help users navigate the Web3 space safely.
馃敀 Web3 Watchtower: Fraudulent NFT Collections 馃敀 NFT collectors might find that they鈥檝e been airdropped a mysterious NFT that can be immediately sold on a marketplace. Though this can sometimes be legitimate, take these three steps to help avoid fraudulent NFT collections:
AITECH Expands Cross-Chain Capabilities with Solana Integration
AITECH has expanded its cross-chain presence by integrating Chainlink CCIP on Solana. This integration enables seamless transfer of AITECH tokens across multiple blockchain networks: - Base - BNB Chain - Solana The deflationary AI Cross-Chain Token (CCT) continues to enhance its multi-chain accessibility, building upon its March 2025 implementation on Base and BNB Chain. AITECH's ecosystem includes data center services, compute & AI marketplaces, and a no-code AI agent platform.
RBC's Tech Arm Joins Chainlink's Future Is On Series
RBCx, the technology and innovation division of Royal Bank of Canada (RBC), has joined Chainlink's Future Is On series. RBC, ranking among the global top-15 financial institutions, manages trillions in assets. Karim Hamasni from RBCx emphasized the critical role of interoperability in the blockchain ecosystem, describing it as a major catalyst for future development. - RBC is one of Canada's largest banks - Partnership signals growing institutional interest in blockchain technology - Focus on interoperability as key development driver *This collaboration marks another step in bridging traditional finance with blockchain infrastructure.*
EulerSwap Achieves $1B Trading Volume Milestone
EulerSwap, developed by Euler Finance, has reached a significant milestone of over $1 billion in trading volume on Ethereum within just 5 weeks of launch. The protocol, which integrates Chainlink Price Feeds, combines lending and swapping functionalities in a unique way: - Enables users to earn yield while trading - Allows assets to be used as collateral - Features capital-efficient swapping engine - Secures DEX vault liquidity - Supports dynamic AMM strategies The platform's rapid growth demonstrates increasing adoption of DeFi protocols that merge multiple financial services.
Chainlink Explores Privacy-Preserving AI Data Solutions
A significant AI development bottleneck has been identified: limited access to quality data, with public Internet data representing only a fraction of available information worldwide. Chainlink is addressing this challenge through privacy-preserving oracles and protected pipelines for machine learning security. These tools could unlock access to sensitive but valuable data in healthcare and financial markets while maintaining privacy. Key developments: - Collaboration between Chainlink Chief Scientist Ari Juels and former Google AI Advocacy Lead - Focus on protected pipelines for machine learning - Potential for breakthrough advances in AI model training Read the detailed technical analysis in their [research paper](https://arxiv.org/html/2410.20522v1)
GEMx Adopts Chainlink CCIP and Proof of Reserve for Secure Cross-Chain Emerald Trading
GEMx, a platform tokenizing the emerald market, has integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Proof of Reserve technology. Key implementations: - Proof of Reserve Secure Mint prevents unbacked token creation - CCIP enables secure token transfers between Avalanche and Ethereum networks - System provides protection against infinite mint attacks This integration follows similar adoptions by platforms like Rizenet, demonstrating growing momentum for secure cross-chain asset tokenization.