Basically the attacker created a bunch of “fake wrapper” that mint-wrapped real tokens like WETH/USDC/USDT. Jared was boiled like a frog. Juicy arbitrages on real pools with the fake wrappers. Jared started small to test the waters, made money, things looked safe, then scaled up

The serious part of NFT art has survived the speculative crash and is being institutionalized faster than most hated art movements in history.

↩ (@vangoyaa) @vangoyaa If it’s institutionalized is not cryptoart. It’s a failure, not a success.

Cryptoart made people believe that anybody could be ‘the next Picasso, Dali or Banksy’ just because random guys with a lot of money bought random things by random big amounts, and of course not based on artistic value, but as a blind attempt of ‘creating artists’ to later, benefit from them… But sorry, nobody here is the next Picasso, Dali or Banksy, and we all can see and confirm, day by day, that these random guys with a lot of money have left, these supposed ‘grails’ got rusted in a couple of years, platforms who promised ‘the next step of art’ have vanished and all these illusory and fake narratives (never created by artists, but by self proclaimed curators, part of companies), are slowly losing sense. Go out of this echo chamber, of this jail, talk with people and realize almost nobody know what we do here, who we are and where things are going nor where they come from. Nobody wants to be part of a ‘culture’ where everything is centralized, tied and orchestrated around the same actors over and over again, because people dont see a chance, not even to develop and grow, but also in many cases, to even start. In a jail, as in a sect,you can move, yes, but only inside the limits drawn by those who dictate the ‘rules’. What was supposed to be a movement to empower and to allow independent artists do their job, has turned into a machine that is using them to kill them. The walls of Cryptoart must fall.