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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 [email protected] to c/[email protected]

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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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[–] ICastFist 1 points 10 months ago

Just like with everything else, all those things you suggested are already done much more reliably without NFTs.

If you still want to see a more "pratical" use of it, look no further than Decentraland, where it's used as "ownership" of digital "land" and other "goods".