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

submitted 11 months ago* (last edited 11 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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[-] stoy@lemmy.zip 3 points 11 months ago

Ok, lets disregard the regulatory issues, are you really asking people to sign up for a completely different ISP just to unlock their house with an NFT key?

As for a delay to update ownership, fine that would add some leniency and is not an unresonable feature.

But I just can't see what problem an NFT key would solve, we don't usually lock/unlock our front door with the deed of the home, what would the advantage be of doing that?

this post was submitted on 17 Dec 2023

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