Domain Daily: Hollywood and Hoaxes

The Dose

  • Apple’s Headset on the A-List

  • FTC Crypto Warning

  • Monkey Business


Star-Struck

Apple's upcoming mixed reality headset is attracting Hollywood's attention. According to the New York Times, director Jon Favreau is creating an "experience" for the device based on his Apple TV+ series Prehistoric Planet.

The Point: When Apple does something, it doesn't take shortcuts. The tech giant realizes that hardware alone won't convince people to buy virtual reality headsets. So they're already courting Hollywood's A-list to create memorable experiences. Apple has a leg up in what's becoming a heated race. It's a given that they can make the hardware. But perhaps the more significant advantage is Apple's existing relationships with creators.

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Scam Alert

The Federal Trade Commission said cryptocurrency scams have cost consumers $1 billion since 2021.

The Point: If it seems too good to be true, it probably is. What the FTC is talking about here isn't necessarily cryptos designed to steal your money. Not to say that doesn't happen. Instead, what they're warning about are payment scams. Think of someone reaching out to you with an investment opportunity if you ACT RIGHT NOW. Of course, these scams also happen with dollars and every other currency under the sun. Still, right now, crypto holders are a prime target. Why? Because transactions can happen quickly, pseudonymously, and can't be reversed. The FTC said 46,000 people have been victimized by these frauds with a median loss of $2,600.

Investing in Crypto


Bored Ape Breached

Speaking of scams, Bored Ape Yacht Club's Discord server was hacked last week.

The Point: A hacker was able to take over Bored Ape's channel and post fake giveaway links. According to reports, about $350,000 worth of NFTs were stolen. We'll repeat it: if it seems too good to be true, it probably is. This wasn't a sophisticated attack. The hackers took over an official communications channel and took advantage of unsuspecting Bored Ape owners. The lesson here is that when it comes to crypto, it's on you and you alone to know who you are transacting with.

What Are NFTs?


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