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Given the popularity of NFTs, it is perhaps unsurprising to see alleged rogue actors like Evil Ape attempting to con unsuspecting victims. NFTs have arguably dominated discourse in the crypto space in 2021, with massive platforms such as OpenSea recording massive trading volumes. With Evil Ape still receiving the 4% royalties on secondary sales, the current plan is to create a new project that will airdrop new NFTs to current holders. Related: NFT whale 'Pranksy' pranked by fake Banksy for 97.7 ETH The entities behind the new faction say they wish to create a more community-centric operating model for the project, including a multisig wallet, to prevent the repeat of another Evil Ape debacle. Some members of the community have come together to continue the development of the project under the umbrella of вЂњFight Back Apes.вЂќ The decline in the floor price is no doubt linked to the current rug pull scandal rocking the project.ДЄpart from allegedly siphoning all the projectвЂ™s money, Evil Ape also took down the вЂњEvolved ApesвЂ™вЂќ Twitter account and website.Д«efore absconding with the $2.7 million, Evil Ape and the projectвЂ™s creators had promised to ship a blockchain fighting game, a common promise among several avatar-style NFT developers.Д¬an the rugged apes of #Evolvedapes also get some love? Sure was a bad week for ape-kind #ballerapeclub! We have a new community of volunteers coming together to #fightbackapes and can use any support or expertise However, the projectвЂ™s storefront on OpenSea shows a tanked floor price of 0.005 ETH, significantly lower than the original minting cost. Indeed, вЂњEvolved ApesвЂќ had been one of the hyped NFT mints recently, with the 10,000-strong collection reportedly selling out in 10 minutes and the floor price rising steadily following the swift sale. The reportedly stolen funds covered both the money realized from the initial minting process and the ETH traded in the secondary sale of the NFTs on the OpenSea marketplace. Going by the moniker вЂњEvil Ape,вЂќ the developer has allegedly lived up to the name by vanishing with 798 Ether ( ETH) worth over $2.7 million from the projectвЂ™s coffers. Investors in Evolved Apes, a recently launched PFP - short for profile picture - nonfungible token (NFT) project, are grappling with the disappearance of the projectвЂ™s anonymous developer. Recently told ET that crypto curbs could cause India to miss out on a huge market and several multi-billion-dollar firms.Some members of the NFT project are attempting to continue the development of the game, while efforts are underway to apprehend the alleged culprit. However, regulatory uncertainty in India, including speculation about a likely blanket ban on cryptocurrencies, has made it hard for the blockchain industry to grow and left investors wary about India.Д¬hangpeng Zhao, the founder and chief executive of the worldвЂ™s largest crypto exchange, Binance, Low poly backgrounds can give a website a classic and understated feel. Low poly is a minimalistic art style that uses bold, bright geometry to create an image or pattern.

#POLYGON CREATOR GENERATOR#

In 2019, Polygon's token was distributed throughД«inanceвЂ™s Initial Exchange Offering and the startup raised over $5 million. Low Poly Geometric Background Generator is a tool for generating low poly triangle patterns that can be used as wallpapers and website assets. The company recently added Mihailo Bjelic from Serbia as a co-founder. вЂњBut once we rebranded, brought on more people and built a global team, people started to take notice.вЂќ We have to work five times harder to get attention,вЂќ he said. In a space dominated by Western players, Nailwal said it took time for the industry to notice its work. The Indian blockchain startup space is still nascent compared to ones in the United States, Europe and China. In April, Polygon partnered with Infosys Ltd.вЂ™s consulting arm to include NFTs, DeFi and insurance in its ecosystem. вЂњWe want to establish India as a blockchain powerhouse,вЂќ he said, adding that the goal was to become the third-most valued crypto project in the world behind Bitcoin and Ethereum. Twitter co-founder Jack Dorsey used one such application to mint his first tweet as an NFT, said Nailwal. That was only the second worst thing to happen to the social media behemoth this week.

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On Monday, Facebook, WhatsApp and Instagram went offline for six hours.

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