A mint fee that got lost in the… ether? Our puns are saved for Friday. The contract bug in NFT’s new project has resulted in millions potentially being locked away for ever.
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.
The AkuDreams contract is locked indefinitely at $34 million or 11,539 eth. Individual users and the development team cannot retrieve it.
After the refund processing is completed, each bid status will be set to 1. pic.twitter.com/6GnQPnddC6
— foobar (@0xfoobar) April 23, 2022
However, the griefer’s motives were unintentional, according to a tweet threadThe AkuDreams team has not confirmed this, but it appears that 11K+ Ethereum is still locked by the contract code.
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A contract mistake in AkuDreams' NFT project has led to over 11,000 ETH being locked.Source: TradingView.com ETH-USD | Source: ETH-USD on TradingView.com
RTFKT’s New Release… Underwhelms?
RTFKT has been building hype over it’s upcoming MonolithThe official release of (MNLTH), and today’s reveal included new NFTs for digital sneakers. RTFKT made news when it was acquired last year 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. NFT collectors set high expectations for MNLTH.
Although public feedback showed some disappointment, MNLTH’s floor was still higher than 10 ETH as of this writing.
The ‘Minty Fresh’ Take
Who could’ve fathomed?
It’s impossible for anyone to have known that NIKE had revealed a new DIGITAL SHOE.
— Jacob Martin (@thenftattorney) April 22, 2022
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Featured image taken from TradingView.com Charts, and Pexels Disclaimer: The author of this content has not been associated with or paid any money to the companies mentioned. This article is not meant to provide financial advice.
