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by simplecto 1885 days ago
No. It is a big deal.

Forgery is forgery, and this is a fundamental flaw in the ERC-721 token.

Provenance matters, and this is more than a shot across the bow. This is a direct hit on trust.

I only have to fool you long enough to get the tokens into my wallet. This kind of forgery seems to do the trick.

2 comments

Ok -- sorry -- sure. This hack may trick some people and that sucks. I too am generally skeptical of the NFT world.

But if you just use the general rule of only buying NFTs that are minted to smart code with published code, that basically solves this problem.

Also worth mentioning that two weeks ago this guy -- before posting all this BS -- first tried to sell this fake for 369,122 ETH lol.

https://rarible.com/token/0x5fbbacf00ef20193a301a5ba20acf047...

Its up to the market to discern the earlier date of the original issuance. Its always been this way. The blockchain just allows for easier provenance instead of hearsay.

If you buy a duplicate art piece or an art piece that was "sleepminted" just because a popular artist addresses "dropped it", that's really on you

this sounds more like a UI problem that can be easily solved

try not to get scammed, ripped off, or if you want to buy things with resale value in the future maybe just avoid the entire NFT market and not worry about a UI issue