ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
What's Hot

Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

March 27, 2023

First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

March 27, 2023

Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

March 27, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • CRO
  • ETH
  • BRC
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

    March 27, 2023

    First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

    March 27, 2023

    Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

    March 27, 2023

    Hong Kong crypto firms seeing interest from Chinese banks: Report

    March 27, 2023

    XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K

    March 26, 2023

    Bitcoin is 1 week away from ‘confirming’ new bull market — analyst

    March 26, 2023

    Crypto Analyst Nicholas Merten Says Fed Money Printing Won’t Spark New Bitcoin (BTC) Rally – Here’s Why

    March 26, 2023

    How does the economy work?

    March 26, 2023

    Bitcoin and Ethereum Investors Are Not Flinching, US Pressure on Crypto Will Backfire: Chris Burniske

    March 26, 2023

    Euler Finance exploiter returns over 58,000 stolen Ether

    March 25, 2023

    Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains

    March 24, 2023

    Heavyweight champ Oleksandr Usyk seeks to tokenize boxers’ careers

    March 24, 2023

    $4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

    March 27, 2023

    Polkadot, Kusama and Cardano Leading Crypto Space in Terms of ‘Notable GitHub Activity’: Santiment

    March 25, 2023

    Cardano Creator Charles Hoskinson Says US Government Waging War on Crypto, Urges Industry Leaders To Step Up

    March 25, 2023

    Arbitrum Discord hacker shares phishing announcement amid airdrop hype

    March 25, 2023

    Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

    March 27, 2023

    First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

    March 27, 2023

    Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

    March 27, 2023

    Hong Kong crypto firms seeing interest from Chinese banks: Report

    March 27, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    ⚠️Was It An Inside Job?⚠️ (The Fall Of NEXO)

    March 27, 2023

    Bitcoin $50k SOON (Why $1T is Coming to Crypto ASAP)

    March 26, 2023

    More Bank Runs Coming!? Which Ones Are At Risk!?

    March 26, 2023

    New *Leaked Email* Reveals Amazon’s SECRET Crypto Plan..😳

    March 26, 2023

    🔴 US Economy is headed for a "DISASTER of EPIC Proportion"! 🔴

    March 24, 2023
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.000.630% 24H
    BITCOIN
    24H : 0.630%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.46% 24H
    ETHEREUM
    24H : -0.46%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.52% 24H
    TETHER
    24H : -0.52%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.400% 24H
    BNB
    24H : 0.400%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.50% 24H
    USD COIN
    24H : -0.50%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-0.23% 24H
    XRP
    24H : -0.23%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-2.08% 24H
    CARDANO
    24H : -2.08%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.33% 24H
    LIDO STAKED ETHER
    24H : -0.33%
    Volume : $0.00
    Marketcap : $0.00
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.000.630% 24H
    BITCOIN
    24H : 0.630%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.46% 24H
    ETHEREUM
    24H : -0.46%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.52% 24H
    TETHER
    24H : -0.52%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.400% 24H
    BNB
    24H : 0.400%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.50% 24H
    USD COIN
    24H : -0.50%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-0.23% 24H
    XRP
    24H : -0.23%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-2.08% 24H
    CARDANO
    24H : -2.08%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.33% 24H
    LIDO STAKED ETHER
    24H : -0.33%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » Kuma Boss NFT Mint: Here’s What Went Wrong
NFT

Kuma Boss NFT Mint: Here’s What Went Wrong

NFT EveningBy NFT EveningJuly 14, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

A recent free-to-mint NFT project called Kuma Boss had to take to Twitter after some embarrassing mint day mistakes. The project dealt not just with smart contract issues, but also a devious project developer.

What is the Kuma Boss NFT collection?

Kuma Boss NFT is a collection of 5,555 pixelized bears (Kuma is Japanese for “bear”). Basically these generative NFTs fit into a wider lore centering around Kuma Bosses, each of which oversees its own shadowy organization. In addition, buyers were able to mint Kuma Boss NFTs on July 13th for just the cost of gas. Perhaps unsurprisingly, the collection sold out.

Evidently, Kuma Boss looked to take advantage of the current hype around free NFT mints. As many will know, free NFT mints have surged in popularity during the current bear market. Not to mention the runaway success of Goblintown. Interestingly however, Kuma Boss did go a slightly different route than many popular free mints of late. That is to say that it actually has a website, as well as lore.


Kuma Boss NFT mint poster

Smart contract issues affected the Kuma Boss NFT mint

The Kuma Boss team took to Twitter shortly after its mint with a thread outlining everything that went wrong. And the first issue at hand, was the issue with the Kuma Boss smart contract.

In short, the team launched the smart contract on OpenSea incorrectly. The team had labeled the contract as “testingggg”. As one tweet from the thread explained,

“this was the name of the testnet collection and we had changed the name of the collection on http://testnets.opensea.io to “KumaBoss” and updated all relevant details. We assumed this would carry over when we launched our contract on mainnet, we were wrong.”

Unfortunately, the team’s response just opened up a door to more issues.

“Once we launched, we saw the name on Opensea and our brains went into a state of panic so we thought the best plan of action was to pause the mint and put out a tweet stating that we will be launching a new contract and everyone who minted will be airdropped a free NFT.

We quickly realized the flaw in this being that those who bought off secondary would be left without compensation so we deleted the tweet. ”

The team eventually consulted with an experienced developer who advised them to simply keep the contract and update the details on OpenSea. But because of the tweet, there were minters who sold their NFTs thinking that there would be a new contract, thus ending up with nothing.


tweet from Kuma boss NFT team

Team’s dev attempts rare NFTs from the team allotment

As if the smart contract blunder wasn’t bad enough, the Kuma Boss NFT team say it “saw a lot of FUD”. This came as community members started accusing the team of buying all the 1/1s in the collection.

As it turns out, the Kuma Boss NFT dev did in fact sell a 1/1 from the 200 NFTs that Kuma Boss held back for its team. Kuma Boss maintains that the team pulled one of the three 1/1s in the collection “by pure luck”. What’s more, it revoked the dev’s access to the OpenSea collection before the dev could unload any more NFTs.

All in all, this mint was a terrible look for Kuma Boss, which it acknowledges in its Twitter thread. To that end, the thread ends effectively promising to regain the trust of the community.

So will it be able to regain that trust? To be fair, perhaps it was a series of honest mistakes as the team claimed. On the other hand, Kuma Boss NFT might not have had much leeway to begin with. After all, there are some other potential red flags around the project.

For one thing, it has an anonymous team. Not to mention that its Twitter account that went active in June 2022, yet it has 200K followers. To clarify, that’s usually a sign of a large number of fake followers.



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Lazy Lions and OpenSea Team Up for Exclusive NFTs

March 27, 2023

ArtBlocks Announce Next Curated Release: Cargo by Kim Asendorf

March 26, 2023

NFT Legal Battle Concludes with Dismissal of Ownership Claims

March 26, 2023

y00ts Polygon Migration Begins March 27th with Exclusive Benefits for Early Birds

March 26, 2023

Otherside Second Trip: What Went Down?

March 26, 2023

GDC 2023 Oscars-style Red Carpet Greeted Gamers

March 25, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

March 27, 2023

First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

March 27, 2023

Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

March 27, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.