this post was submitted on 17 Dec 2023
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The way I read the article, the "worth millions" is the sum of the ransom demand.

The funny part is that the exploit is in the "smart" contract, ya know the thing that the blockchain keeps secure by forbidding any updates or patches.

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[–] [email protected] 76 points 11 months ago (49 children)

They did. For like a week last year. Then everyone realized it was a scam.

[–] [email protected] 6 points 11 months ago (9 children)

Love how the NFT hype was a big wealth transfer event. So many rich people, like wealthy oil Arabs, bought into the scam and moved so much money into artists pockets while they essentially got nothing in return.

[–] [email protected] 8 points 11 months ago (2 children)

My favorite is Murakami, who after selling NFTs he made paintings after all all of them. So which one is the "original"? The actual physical painting, or the digital NFT?

[–] [email protected] 1 points 11 months ago (1 children)

Technically, the NFT. In reality, the physical. Is a lot harder to brag about your art assets if you have to log into your pc to show them off.

[–] [email protected] 9 points 11 months ago

That's why I feel like he just trolled all the buyers of his NFTs.

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