In this week's newsletter, we learned that Aaron Ross, the founder of Moonbird, has lost an irreplaceable token (NFT) worth more than $1.1 million. Learn why a NFT collector sued NFT sales market OpenSea to lock up his account for three months, and how the Maserati NFT collection won nearly $5 million in sales without success. In other news, take a look at how the NFT trademark will become a reliable data signal for NFT traders. In the end, professionals in Web3 interior spaces share various ways to crack down on NFT theft.

The founder of Moon Bird, Aaron Ross, damaged more than $1.1 million in NFT because of one incorrect step.

Moon Bird founder Aaron Ross lost more than $1.1 million in NFT in a fishing attack scam. According to several people in the industry, Ross approved a deliberate signature that allows cyber attacks to migrate dynamic passwords in your wallet. Quit, an online analyst on Twitter, said that the deliberate signature was initiated through the Seaport Marketplace contract, which is the OpenSea NFT market power platform.

After the hacking broke out, Ross urged her followers on Twitter to prevent buying NFT from Siggles's personal collection until everything had been marked to prevent the purchase of stolen NFT.

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After being deceived, NFT collectors sued OpenSea to lock their accounts.

A NFT collector took legal action against the OpenSea, accusing him of various charges, including locking up its account for more than three months. In an interview with Cointelegraph, NFT investor Robbie Acres shared the theft of two of its NFT based on phishing attacks, which she reported to the NFT service platform.

However, Acres claimed that the sales market required her to commit perjury and finally opened her account three months later, resulting in known economic losses. In response to the allegations, OpenSea claimed that the theft occurred outside the sales market and had banned the items and unlocked the account.

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Although the sale of Maserati NFT is difficult, the trading volume is still close to 5 million US dollars, and production is suspended.

Sales of Maserati NFTs soared to nearly $5 million on Jan. 26, although some felt the launch of Maserati NFTs was unsuccessful, according to data tracking site NFTScan. The rise in trading volume was surprising because the car company suddenly stopped the coin-making process after the launch of various complaints from customers.

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Pay close attention to the NFT trademark registration applications of key enterprises this year.

Trademark registration applications related to NFT may be "reliable data signals" for collectors and brokers. In an interview with Cointelegraph, intellectual property lawyer Michael Kondoudis stressed that if there is no intention to apply, it is impossible to apply for a trademark.

Kondoudis also stressed that one of the most attractive trends in 2023 will be beverage application for NFT. According to Kondoudis, famous liquor brands such as absolute Vodka, Chivas King and Malibu White Rum have already submitted trademarks related to NFT.

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According to industry professionals, here are some ways to avoid NFT theft

As more and more people jump into NFT, this space has become the overall goal of bad artists in Web3. However, professionals working in the login password industry feel that some methods and tools can help you avoid hackers.

Some of the methods discussed by technical experts interviewed by Cointelegraph include financial due diligence, protecting NFT in individual wallets, and regularly checking the use of its tools to revoke administrative privileges.

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Thank you for reading the introduction to the most important trends in the NFT industry this week. Come back next Wednesday to learn more about the industry reports and opinions on this positive development.