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.
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.
That’s not really what happened. Some people who had invested in companies that would make money if NFTs went up in value chummed the waters by buying NFTs for huge amounts, convincing a lot of people that NFTs were going to be great investments. Then celebrities with an interest in the scheme pumped up the value too.
That convinced a lot of idiots to “invest” in NFTs, then eventually the bottom fell out of the market.
As for artists, some made some money, but most of the money went into shit like “bored apes” which were algorithmically generated.
Oooooh I wonder if the trump NFTs were stolen also! They could be worth millions of pixels!
Trump’s NFTs have the best pixels. He has this friend who’s at a high position in Google, like a very high position, and he told Trump: Mr President your pixels are the best pixels I’ve ever seen, they’re amazing. The best in the world, amazing. It’s true.