> After FTX declared bankruptcy, the entire FTX.us domain was redirected to a page providing information on the bankruptcy proceedings.

> NFTs that had been minted on the FTX platform relied on metadata from an API at that domain, meaning that the NFTs are now pointing to broken links. Owners of these NFTs can still see that the NFT exists, but images no longer work—even when viewing the NFTs in their own wallets, or when listing them for sale on other platforms.

https://web3isgoinggreat.com/single/ftx-hosted-nfts-break-after-website-is-redirected-to-a-restructuring-page

🤣

FTX-hosted NFTs break after website is redirected to a restructuring page

After FTX declared bankruptcy, the entire FTX.us domain was redirected to a page providing information on the bankruptcy proceedings.However, NFTs that had been minted on the FTX platform relied on metadata from an API at that domain, meaning that the NFTs are now pointing to broken links. Owners of these NFTs can still see that the NFT exists, but images no longer work—even when viewing the NFTs in their own wallets, or when listing them for sale on other platforms.Other projects that rely on the FTX NFT platform's API, such as the Coachella NFT project, also broke: the Coachella NFT platform shows 0 NFTs in existence. Those NFTs still show up where they are listed on external NFT platforms, although the images and metadata are broken.

Web3 is Going Just Great

@rysiek

Just thinking about all those lunatics who were deliberately burning actual physical art "to make it entirely digital".

https://metro.co.uk/2022/09/27/millionaire-under-investigation-after-burning-frida-kahlo-drawing-17463140/

Millionaire under investigation after burning Frida Kahlo drawing

Kahlo's artwork is protected by law as a national monument in Mexico, including pieces owned by private collectors.

Metro.co.uk
@FediThing @rysiek
Holy 🤬 ! That was infuriating to read.
Nothing says "I'm a total piece of sh*t" like burning a Frida Kahlo drawing at your "NTF event" in an attempt to boost the value of the NFTs you're selling.

@eric @rysiek

It's just barbaric!

Can imagine future historians noticing the destruction of art in the 2020s and shaking their heads in despair.