Plus, Jeff Koons to launch an NFT
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Sky Mavis' Ronin network was exploited for $625M using hacked private keys. The hackers then shorted AXS (Axie Infinity) and RON (Ronin), knowing that the news would cause the token to plummet. More: - The Ronin blockchain underlies the popular play-to-earn blockchain-based game Axie Infinity.
- The Ronin chain consisted of nine validator nodes, so in order to recognize the 173,600 ETH and 25.5M USDC withdrawal, the attacker would need control over five of the nodes.
- The attackers were able to obtain the private keys of Sky Mavis' four Ronin Validators as well as a third-party validator run by Axie DAO.
- Sky Mavis plans to reimburse the funds.
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 Jeff Koons, the world's priciest living artist, will release his first NFT. Koons, the former commodities broker who made millions through his iconic giant steel balloon dogs, is looking to create a "historically meaningful NFT project." More: - The NFT will be a riff on the crypto "to the moon" meme.
- The project is a collaboration between Koons, Pace Gallery's crypto arm, 4Space, NFMoon, and Intuitive Machines.
- The proceeds will be donated to Doctors Without Borders.
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Lionel Messi has signed a $20M+ sponsorship deal with digital fan token company Socios. Socios has created fan tokens for 130+ sports organizations, including Messi's club PSG, as well as other top clubs Manchester City and Juventus. More: - Messi will be featured in a promotion campaign for Socios in the build-up for this year's World Cup.
- Messi will not be paid in crypto.
- The agreement is for three years.
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OpenSea, the world's leading NFT exchange by volume, tweeted a teaser video suggesting that it will begin supporting Solana NFTs. A formal announcement or date has not yet come, however. More: - With over 90% of the Solana NFT market volume, Magic Eden has the most to lose from the announcement.
- Magic Eden still does offer a cheaper transaction fee OpenSea, at 2% vs. 2.5%
- The Solana NFT integration into OpenSea has been rumored for quite some time. In the teaser video, OpenSea even jokingly called it "the best-kept secret in Web3."
[Watch the video]
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Web3 Tweet: Great overview of upcoming changes for ETH. 
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 |  | Trevor Grant is an entrepreneur, investor, and writer based out of Chicago, Illinois. His primary area of interest is web3 venture capital, social tokens, and infrastructure. Other pursuits include screenwriting, yoga, and traveling. He holds a BS in biomedical engineering. Connect with him on Twitter @trevorisonline |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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