An irreplaceable dynamic password (NFT) from CryptoPunks in conjunction with its value of 77 Ethernet place (ETH) is sent to a burning detailed address for permanent destruction. However, collectors are prepared to use this as a pledge to borrow some money to buy another NFT.
NFT collector Brandon Riley paid 77 ETH on March 13th to add CryptoPunk#685 to his collection, looking forward to long-term investment in it.
As a veteran investor, Riley understands the need to buy a new NFT before logging in to the password market to start a new bull market. Therefore, it was decided to borrow money to resist CryptoPunk#685 based on the use of a rising technology called packaging.
In the process of going through whether or not to know the packaging NFT, the Riley accidentally sends the property to a damaged detailed address-this permanently removes the NFT from the commodity circulation, as shown below.
"I was told I had to follow the signs, and I did," Riley explained. " But in the process, he ended up losing 77 ETH, worth $135372.16. He explained:
I didn't package this punk to sell it on Blur. Will be my "eternal punk". This number is the opposite of my ape number. I pack it only because we need to borrow some liquidity from there.
Although one of the Crypto tweets thought the NFT collector must be very rich, Riley refuted the rumors, revealing that the man bought CryptoPunk#685 on the basis of borrowed money.
Riley has experienced something from junior high school this time, and I don't think I should try it alone. On the other hand, Crypto Twitter attributes investor damage to confusing user interface instructions that are very complex. Therefore, the community agreed that the previous programs in the data encryption ecosystem must be updated.
A report from CoinGecko confirmed that NFT cleansing transactions increased by 126 per cent in February. The top six NFT industries are Magic Eden, OpenSea, Blur, X2Y2, CryptoPunks and LooksRare. The volume of earthquake trading in X2Y2, Blur and LooksRare rose for the fourth month, with a total trading volume of $580 million.
As Cointelegraph has previously reported, WASH trading problems stem from a lack of strict regulation.
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