- Cryptojacking procedures make their way to stimulating fresh NFT production approaches.
- The emerging innovative NFTs are at the crossroads of art and cybersecurity.
- Ethical issues come up as NFTs start behaving like viruses
As the environment of digital assets is constantly shifting, one new trend has appeared, which is overlapping the sphere of threats and NFTs. Here, five methods of cryptojacking are discussed as they are being redesigned into a brand new form of NFTs which causes mixed reactions in the crypto space.
The Graboid Gambit: Worm-Inspired NFTs
Security researchers have noted that the new NFT crafting methodology is based on an approach similar to the Graboid cryptojacking worm. These NFTs are called “Graboid Tokens” and as the name suggests, they spread through blockchains in the same way that a virus does. Whereas the original Graboid worm attempted to steal processing power for cryptocurrency mining purposes, these NFTs replicate to build new artworks in a continually developing fashion.
Phishing for Digital Gold
One has not seen any other trend in the NFT area more strange than the use of phishing techniques to create new forms of digital assets. As these “Phish NFTs” are developed, all of them contain some level of social engineering making it an art form as well as an experience describing the effects of cybersecurity. Collectors use these tokens at their peril, often having to wade through multiple layers of fraud to find value.
New generations of NFTs include “Malware Morphs”, the tokens that mimic the behavior patterns of computer viruses. These NFTs change their appearance and characteristics about the blockchain and interact with it. These characteristics of these assets have raised questions on the definition of ownership of digital assets and the prospect of unforeseen side effects on the NFT market.
Coinhive’s Legacy Reimagined
Coinhive the discontinued JavaScript miner is back as ‘Hive Heirlooms’ – a series of NFTs that celebrate the now infamous product. These tokens feature distributed computing components enabling owners to become actual participants of open collective creations. This project has implications for the ethical considerations of sharing resources often in creating a piece of digital art.
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DNS Tunneling: The New Frontier
DNS tunneling has been a source of inspiration for artists to design what is called Tunnel Treasures, NFTs that apply DNS uniquely and extraordinarily. These tokens engage with DNS to produce attributes and rarities that are incredibly distinct and are even impossible under the hood of blockchain.
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