The Nightly Mint: Daily NFT Recap
23 April 2022 - 8:04AM
NEWSBTC
A mint fee that got lost in the… ether? We save our puns for
Friday. A new NFT project had a contract bug that is resulting in
tens of millions of dollars potentially locked for eternity. The
Nightly Mint Latest Mint: AkuDreams & A Stuck Contract Over
11,000 ETH was seemingly permanently locked in new NFT collection,
AkuDreams, after a programming error left the contract stuck –
unable to be retrieved both by individuals and by the dev team.
We’ll spare the technical details, but the development around a
‘processRefunds()’ function, paired with a griefer who took
advantage of the sloppy code, resulted in the contract being
permanently stuck. $34 million, or 11,539 eth, is permanently
locked into the AkuDreams contract forever. It cannot be retrieved
by individual users or by the dev team. The refund processing,
which is complete, sets each bid status to 1.
pic.twitter.com/6GnQPnddC6 — foobar (@0xfoobar) April 23, 2022
However, the griefer’s motives were unintentional, according to a
tweet thread from the AkuDreams team; nonetheless, it seems that
the contract code is still resulting in 11K+ ETH locked. Related
Reading | Time Vs Price: Why This Bitcoin Correction Was The Most
Painful Yet Over 11,000 ETH are seemingly locked as part of a
faulty contract error in new NFT project, AkuDreams. | Source:
ETH-USD on TradingView.com RTFKT’s New Release… Underwhelms? RTFKT
has been building hype over it’s upcoming Monolith (MNLTH) release,
and the official reveal finally dropped today with new NFTs of
digital sneakers. RTFKT first made headlines last year after being
acquired by Nike. So it shouldn’t be too shocking to see Nike’s
first real attempt at digital sneakers coming to life – after all,
the company has previously shown efforts to pursue legal battles
against StockX to protect digital IP usage of the Nike swoosh.
Nonetheless, NFT collectors had a pretty high bar of expectations
set around MNLTH. While public feedback seemed to show some essence
of disappointment, the MNLTH floor is still above 10 ETH at time of
writing. The ‘Minty Fresh’ Take Who could’ve fathomed? literally NO
ONE could have seen that NIKE'S new NFT reveal was a DIGITAL SHOE
it's WILDLY out of left field here and I am DEVASTATED I simply
cannot believe NIKE is in the business of DIGITAL SHOES IN SHOE
BOXES (MNLTH) — Jacob Martin (@thenftattorney) April 22, 2022
Related Reading | Cardano (ADA) Is One Of The Worst Performing
Crypto In Terms Of Profit Featured image from Pexels, Charts from
TradingView.com The writer of this content is not associated or
affiliated with any of the parties mentioned in this article. This
is not financial advice.
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