An NFT collector accidentally destroyed a $129,000 CryptoPunk: ‘This is truly a devastating mistake for me’ (via CNBCMakeIt)
Riley was attempting to wrap his NFT, which is a process that allows the digital collectible to be traded on Ethereum marketplaces such as OpenSea or Rarible, according to DappRadar. Typically, CryptoPunk NFTs can only be purchased and sold on their own website.
In the world of crypto, a private key is a password that's used to access the funds held inside a digital wallet. A burn address is a virtual wallet that doesn't have a private key, meaning no one can access it.
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