On April 1, Jay Chou posted on Instagram that his NFT (Non-Fungible Tokens, non-homogeneous tokens) was stolen by a phishing website, claiming that this was not an April Fool's Joke.
The NFT was originally given to Jay Chou by Machi BigBrother. According to Opensea and Ethscan, the NFT soon changed hands several times at 130ETH and 155ETH at LooksRare. At the current price of ETH, the price of the NFT has exceeded $500,000 (about 3.2 million yuan).
NFT refers to a digital asset with uniqueness, and unlike native tokens such as Bitcoin, NFTs do not have monetary attributes such as payments. The characteristics of NFT are irreplaceable and immutable, that is, each NFT commodity has a unique label, which is equivalent to letting each digital commodity have its own ID card, based on blockchain technology, each NFT commodity can be traced back to check the authenticity.
Compared with traditional goods, NFT goods exist in digital form, breaking the limitations of physical space, NFTs through cameras, tablets, 3D modeling or a piece of program code, to create a unique digital goods, the work can be the artistic creation of Pegasus Starry Sky, or it can be the perception or observation of life. Compared with ordinary digital goods, such as music, videos and pictures, the biggest advantage of NFTs is that they cannot be copied, making each NFT product unique, and scarcity makes some seemingly ordinary NFT goods obtain higher value.
However, the anti-theft of NFT goods is not so perfect, and users' NFT keys are often phished or otherwise stolen. The outflow of goods may be transferred in large quantities in a short period of time, and the innocent buyers who take over in the future will buy a "stolen goods" at a high price.
If it is a classic artwork stored in the museum, once it is stolen, the museum will include it in the list of stolen artworks, and the stolen goods will be very difficult to sell. NFT trading is characterized by changing hands too quickly, NFT collections can introduce new trading processes, NFT transactions or should be set to have time intervals, so that the stolen owner can have time to report the theft to the platform.