After filing for bankruptcy, the FTX website has entirely been redirected to a bankruptcy page, affecting NFTs hosted within the platform.
. In a Cointelegraph interview, Jonathan Victor, the Web3 storage lead at Protocol Labs and Alex Salnikov, the co-founder of Rarible, explained that technically, the tokens are stored somewhere else. The duo highlighted that main chains often are very limited in size and that it costs more to store data on the blockchain.
Despite the troubles brought about by the FTX collapse, the NFT industry remains confident in the future of the space. On Nov. 22, various players within the NFT space spoke with Cointelegraph and
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Michael Saylor on the FTX fiasco: 'Unethical and illegal from the very beginning'Michael Saylor opened up about the FTX saga, saying that SBF and 'most of the people in the crypto world were always guilty of the sin of shitcoinery.'
Read more »
Sen. Warren demands answers from bank that dealt extensively with FTXSilvergate is one of the few U.S. banks that let customers move dollars onto crypto exchanges. FTX and related firms, like Alameda Research, had 20 Silvergate accounts.
Read more »
Silvergate shares fall despite CEO letter seeking to diffuse concerns over FTX falloutInvestors are trying to decipher the extent of the potential impact on Silvergate Capital from its relationship with FTX.
Read more »
Financial Stability Watchdogs Vow to Tackle DeFi, Learn FTX LessonsMembers of FinStbBoard say they want to take a closer look at DeFi as they rake over the coals of defunct crypto exchange FTX_Original. jackschickler reports.
Read more »
Sam Bankman-Fried is ‘one of the greatest fraudsters in history.’ Binance CEO Zhao takes aim on TwitterBinance Chief Executive Changpeng Zhao has slammed FTX founder Sam Bankman-Fried for painting him and other people as “bad guys” in the aftermath of the FTX crypto exchange collapsing last month.
Read more »
FTX Founder Sam Bankman-Fried Would Have 'Ridiculed' Others For Making His Mistakes | CoinMarketCapSam Bankman-Fried said in an interview this weekend that bad systems left him blind to how big trading firm Alameda's losses were.
Read more »