The Nightly Mint: Daily NFT Recap

2 Mins read

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.

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

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?

Related Reading | Cardano (ADA) Is One Of The Worst Performing Crypto In Terms Of Profit

Featured image from Pexels, Charts from
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

Source link

Related posts

Bitcoin Cash Price Prediction for Today, May 22: BCH Poises for Downing

2 Mins read
BCH P0ises for downing– May 22The depression weight on the BCH/USD market operations appears not getting a reduction by now as it…

So-Called ‘Pharma Bro’ Martin Shkreli Turns 'Crypto Bro' — 'I Started Using Uniswap in Prison' – Bitcoin News

3 Mins read
Following his release from prison, the former hedge fund manager and convicted felon, Martin Shkreli, discussed cryptocurrencies and using the decentralized exchange…

What is total value locked (TVL) in crypto and why does it matter?

2 Mins read
In 2022, Ethereum appeared as the largest network by DeFi TVL, accounting for over half of the total DeFi volume worldwide. To…

Leave a Reply

Your email address will not be published. Required fields are marked *