Terra launched a new blockchain with a new luna token on Saturday.
Seth Green’s animated show starring his stolen NFT is up in the air.
And the largest stablecoin issuer in the world launched a token for the Mexican peso.
Here’s what happened in crypto during the week.
The new blockchain is called terra, while the original one will be called terra classic.
A few crypto exchanges, includingBinanceandCrypto.com, are publicly supporting the new Terra blockchain.
Read CNET’s full story on the new terra blockchain here.
Seth Green wanted his Bored Ape NFT to star in an animated show.
After Green’s NFT was stolen, it was relisted for sale.
Someone using the pseudonym of DarkWing84 bought the Bored Ape NFT not long after it was phished.
Green reached out to the anonymous buyerpublicly on Twitterwanting to make a deal to get it back.
On top of losing the NFT, Green may be dealing with an intellectual property headache.
But now that someone else owns the NFT, the question is, can the show still go on?
Bored Ape Yacht Cluballows people who own a Bored Ape NFTto use it for commercial purposes.
People have used their Bored Ape NFTs topromote a coffee companyand evento create a band.
Read CNET’s full story on Green’s Stolen NFT and what it could mean for the show here.
The name of the stablecoin is MXNT and each token is worth one Mexican peso.
Americans will likely be most familiar with USDT, the tether stablecoin pegged to the US dollar.
Tether also issues stablecoins pegged to the price of the euro and the Chinese yuan.
Tether stablecoins are backed byassets, which the company holds to keep the price of its tokens stable.
The company wasfined millions of dollarsby the UStwice last yearfor making misleading statements about its asset reserves.
We’ll be back with plenty more next week.
In the meantime, check out CNET’sseries of stories on Making the Metaverse.
