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Hackers steal NFTs worth millions. In other news, NFTs worth millions. (www.theblock.co)

submitted 10 months ago* (last edited 10 months ago) by yesman@lemmy.world to c/technology@lemmy.world

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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.

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[-] SCB@lemmy.world 1 points 10 months ago

All art is inherently without value, and it's value is entirely speculative.

I think NFTs are dumb as fuck, but they're worth what people will pay for them. Same shit with tulips in Denmark famously spiking - bubble or not, things are literally worth what someone will pay

this post was submitted on 17 Dec 2023

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