GM, BFF: Someone stole her friendship bracelet

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Dealing with theft is never fun, but interdisciplinary artist and BFF holder Jessica Kantor wants to speak out about the incident that drained her BFF Friendship Bracelet from her MetaMask wallet in the hopes of saving fellow community members from the same fate.

Kantor made her first MetaMask wallet after watching the Mint Your BFF NFT video in February 2022. Kantor then minted a BFF Friendship Bracelet and a You PFP  — a pigtailed brunette with pink eyeshadow and yellow and black checkered top.

For several months, Kantor enjoyed adding new charms to her Friendship Bracelet. However, in October 2022, she noticed her bracelet was missing: “The theft happened without my knowledge while I slept,” Kantor writes. “I’m still trying to track down the culprits and not entirely sure how they got access to my wallet.”

Thanks to blockchain, the record is public data. We know exactly when the theft occurred. However, we don’t know the identity of the person behind the wallet to which the bracelet was transferred. “This was a wake-up call for me about security practices,” Kantor writes, urging anyone in possession of beloved NFTs to transfer them immediately to a hardware wallet like Ledger or Trezor

Fortunately, Kantor purchased a replacement Friendship Bracelet on OpenSea’s secondary market. She also learned two important takeaways from the unfortunate event:

  1. Know the difference between cold wallets and hot wallets: Once Kantor realized the difference between cold and hot wallets, she invested $100 in gas fees to move all her NFTs to a cold desktop wallet she doesn’t plan to connect to any site.  “Cold wallets operate in offline environments, and hot wallets connect to the internet,” Kantor explains in her blog post about the incident.
  1. Invest in a hardware wallet: Kantor also ordered a Ledger hardware wallet (a crypto wallet that exists entirely offline and off-desktop). She moved her NFTs to it as soon as the device arrived at her house.
Read The Full Story On BFF Discover 

Catch Up Quick

Artists celebrate sold-out NFT drops on Instagram. NFT artists like founding BFF Maliha Abidi and Aku World founder Micah Johnson are using Instagram to grow their audience and bridge the gap between Web2 and Web3 tech.

You can now stake ETH on MetaMask. The popular crypto wallet released staking functionality via Lido and Rocket Pool to let users earn financial rewards. 

SEC charges Gemini and Genisis with unregistered security sales. The lawsuit, filed in Manhattan's federal court, focused on Gemini’s Earn product, which promised users a crypto yield.

Sam starts a Substack. The former CEO of now-defunct FTX wants to make his case.

Hermés takes artist to trial over digital 'Metabirkins' bag. In what could be a pivotal case, the French luxury fashion house will argue against digital artist Mason Rothschild, creator of Metabirkin NFTs.

Avalanche and Amazon pair up. The cloud computing giant Amazon Web Services will encourage development on the Avalanche blockchain in a just-announced partnership.

Coinbase insider trading case reaches a verdict. The 27-year-old Nikhil Wahi, brother of a former Coinbase employee, was sentenced to 10 months in prison and ordered to pay a fine of $900,000 for profiting off his knowledge of soon-to-be-listed cryptocurrencies. 

Wyre bounces back. The company said in an update it received funding from an unnamed partner and operations will continue as usual. 

Take the HUG survey! Our friends at HUG have just released a survey for artists to see how HUG and the ecosystem at large can better serve artists. 

✨ BFF Updates

New charm alert! Our First Birthday is fast approaching and we’re celebrating with a charm for your bracelet. 

Check it out now in the Perk Shop

Important information:

Happy Birthday, BFFs!

From Our Founding BFFs

Jade Purple Brown, the artist and illustrator behind BFF, made Shondaland's list of artists to be on your radar in 2023.  

Oh Joy! founder Joy Cho announced her first-ever online course in partnership with Skillshare. 

Conviction Partners founder Sarah Guo co-led a $7.5 million pre-seed funding round for Seek AI Inc., the developer of an artificial intelligence platform.

Rich Talent Group founder Jana Rich was featured in Yahoo! Finance for announcing the launch of the recruiting firm's new Social Impact Practice.

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🚨 This newsletter and all the information in it does not constitute financial advice. If you don’t want to invest money or time in Web3, you don’t have to. As always: Do your own research.

 

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Shop NFTs

Browse the official collections on OpenSea:
BFF Friendship Bracelet
BFF Friendship Bracelets
The BFF 'You' Collection. Artwork by Jade Purple Brown.
You PFP Collection