Upstream’s new vault could help NFT holders sleep at night
By Editor - Wed Aug 03, 1:14 pm
Imagine paying millions of dollars for a JPEG of a monkey just to have it stolen from your digital wallet. That’s exactly what happened to actor Seth Green, who ended up pleading with the hacker (and likely paying them over $100,000) to return the NFT back to him. Green’s predicament is more common than one would think, and it raises the question of how NFT platforms should handle helping its customers get recourse when this happens, if at all. Cracking down on thieves and enforcing ownership rights is particularly difficult in an industry that values decentralization and self-sovereignty as core tenets.
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