yesmanDec 17, 2023

Hackers steal NFTs worth millions. In other news, NFTs worth millions.

https://lemmy.world/post/9675964

Hackers steal NFTs worth millions. In other news, NFTs worth millions. - Lemmy.World

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?

Show thread🐑🇸 🇭 🇪 🇪 🇵 🇱 🇪🐑Dec 17, 2023
No one is gonna buy any NFTs for millions lmao
Show threadshortwavesurferDec 17, 2023
As crazy as it sounds, some people do.
Show threadAbidanYreDec 17, 2023
They did. For like a week last year. Then everyone realized it was a scam.
Show threadIWantToFuckSpezDec 17, 2023
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.
Show threadtriptrapperDec 17, 2023
Is there any way to confirm this? Or are there examples of artists who made a significant amount of money from NFTs? I understand its potential benefit for artists, but I mostly remember already-rich corporations (e.g. UFC) using them as another way to extract money from consumers.
Show threadglimse
Beeple made a lot
Dec 17, 2023 at 5:22pmWeb
Show threadmodifierDec 17, 2023
He was the first big one I remember. When it still had an air of legitimacy.
Show threadFlying SquidDec 18, 2023
And, sadly, that has led to his posting a lot less content. But I can’t say I blame him.