cryptoslate.com
Brandon Riley — aka @vitalitygrowth — accidentally burnt Crypto Punk 685 while trying to wrap it to get an $NFT loan. That $NFT has now been resurrected as a Bitcoin Ordinal.
“I was so focused on following the instructions exactly, that I slipped up, destroying a third of my net worth in a single transaction,” Riley tweeted on March 25.
The slippage occurred during a simple wrap in trying to get a proxy wallet.
“This is truly a devastating mistake for me. But I did this myself, and it is no one’s fault but my own. Both the beauty and the curse of self-custody.”
The tweet went viral, with Adam Hollander replying that it was up to $NFT companies to ensure better design. Hollander said:
“I’m usually in the camp of “people need to take responsibility for their own assets” in web3. But this situation is more nuanced and complicated by terrible UI/UX,”
However, in response to the viral threat, another Twitter user by the name of @olliesblog posted on March 26 that he had inscribed the burnt punk onto Ordinals, the Bitcoin $NFT network.
“Spotted a gap. Moved quickly. Happy with him,” @Olliesblog noted — tweeting a link to the first CryptoPunk minted on the Ordinal network.
“And… just like that. You have him back (Punk685), but as the WORLDS FIRST ‘official’ CryptoPunk burned to an ordinal : TX: Punk685.”
“Huge thank you to @olliesblog for being so kind and selfless in resurrecting Punk 685 for me,” Riley tweeted when he learned of the new $NFT.
“He now lives on the Bitcoin blockchain as an ordinal, inscribed on a satoshi from over a decade ago!”