⚓️ solana exploit and being down bad
not to get all sappy, but we really should start looking out for each other more.
we’re quick to joke about other chains and other NFT communities when something doesn’t go their way, but what if…hear me out…we didn’t?
it’d be cool if our first impulse was to help…not kick someone when they’re down bad. but I realize that’s wishful thinking.
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last night an exploit on the Solana network lead to ~8K wallets being drained.
it's a sad story partly because it's so relatable. many of us have been building our NFT collections and stacking tokens for the past year. we've devoted countless hours to researching projects, avoiding rugs, and *trying* to stay safe.
however, it's the harsh reality that a single mistake or exploit could undo *all* of that work in a blink of an eye.
my advice (though it's not foolproof) is to spend the extra $100 on a hard wallet for your important NFTs and tokens. that investment will seem like only a drop in the bucket should you ever dodge an exploit like this one...
how about some *good* news? OK, so the news isn't that exciting, but it is *something*.
OpenSea paid a pretty penny yesterday to secure their ENS domain - almost 100 ETH as it expired.
now with control of OpenSea.eth, the company ensures that it won't end up in the wrong hands. this will 1) prevent bad actors from using it maliciously to siphon NFTs into their wallet through scams or 2) use it to misrepresent the marketplace online.
(though to be fair, their decision to buy it was more likely rooted in the fact that they didn't want a domain squatter grabbing it before them).
more companies will need to pay a premium like this to ensure the safety of their brand moving forward.
it’s worth it to take a step back and see how far we’ve come in a year sometimes. even projects that may not get the limelight can be proud of what they’ve accomplished in the last 365 days of NFTs. if you just read everything you saw on NFT Twitter, you’d assume every project was run by imbeciles and amateurs. with Robotos, that coulnd’t be further from the truth. HBD Robotos!
community shoutouts continue…here’s a well-done piece on two of the Bored Ape cofounders from @InputMag. regardless of how you feel about the project, I’d still imagine the interviews…particularly the one with GordonGoner…will pique your interest (he’s had quite the wild upbringing). plus, gotta support long-form writing, that stuff is not easy. why do you think I’m doing newsletters?