Domain Empire

information $100,000 worth of NFTs disappear forever, thanks to OpenSea bug

Spaceship Spaceship
Watch

equity78

Top Member
TheDomains Staff
TLDInvestors.com
Impact
28,728
$100,000 worth of NFTs disappear forever, thanks to OpenSea bug
At least 42 non-fungible tokens on NFT marketplace OpenSea have been destroyed due to a bug on the platform. The NFTs are worth a minimum of $100,000.

Nick Johnson, the lead developer of the Ethereum Name Service (ENS), raised an alarm on the issue after noticing that an ENS name he tried to transfer was sent to a burn address. The implication is that the ENS name, which comes in the form of an NFT, can longer be accessed or moved. He tweeted:

https://www.investing.com/news/cryp...sappear-forever-thanks-to-opensea-bug-2611477
 
10
•••
The views expressed on this page by users and staff are their own, not those of NamePros.
in its current form, NFT is just another bubble which is gonna burst soon. NFT as an idea and project will remain and drive the creative industry in future.
 
Last edited:
5
•••
Scary i was just there today seeing how it works. Glad i didnt buy any today. Yipes.
 
3
•••
.eth names are not permanent, they actually charge a per-year fee, so things kinda do not add up in this story.
 
3
•••
NFT is the future, or at least it provides a really great template for the future of Internet transactions.
But for the non-tech savvy, one should remain wary, at least for now. IMO
 
2
•••
2
•••
So they can't just make some more that are the same?
 
1
•••
  • The sidebar remains visible by scrolling at a speed relative to the page’s height.
Back