Here’s a pitfall I ran into myself: I didn’t understand this back then.
At the end of 2017, CryptoKitties (加密猫) caused severe congestion on Ethereum for a while and was one of the best-known early NFT projects.
If metadata is stored on the project team’s servers, the tokens may still exist after the servers shut down, but the content may no longer display.
Minting and trading NFTs on Ethereum both require $ETH to pay for Gas. Currently: 2316.6.
Have you run into similar pitfalls? Share them to help everyone stay alert.
#ETH
At the end of 2017, CryptoKitties (加密猫) caused severe congestion on Ethereum for a while and was one of the best-known early NFT projects.
If metadata is stored on the project team’s servers, the tokens may still exist after the servers shut down, but the content may no longer display.
Minting and trading NFTs on Ethereum both require $ETH to pay for Gas. Currently: 2316.6.
Have you run into similar pitfalls? Share them to help everyone stay alert.
#ETH