A CryptoPunks collection worth 77 Ether was sent to a burn address to be destroyed permanently, however, the unlucky collector intends to borrow the money to buy another NFT.
NFT Collector Brandon Riley have added CryptoPunk #685 in his collection on March 13, paying 77 ETH, hoping to hold it for a long time.
Riley thinks it’s a good idea to hold NFTs before the crypto market enters a new bull market. As a result, he decided to borrow money. using a popular technique called wrapping
But while performing an unfamiliar NFT wrapping process, Riley accidentally sent the NFT to the burn address — thus burning the NFT permanently. as shown below
“I shouldn’t be trying to do this myself,” Riley said. On the other hand, the Crypto Twitter community also blames confusing user interfaces and complicated instructions that lead to losses. of investors As a result, the community unanimously agreed on the need to improve the interface process of the ecosystem.
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