An investor tried to go through the intricate process of NFT wrapping and ended up burning a CryptoPunk worth around $135,000. According to NFT collector Brandon Riley, he was wrapping the NFT to potentially borrow liquidity from it. However, things didn't go as planned. While the NFT investor was following the wrapping process, he came across an address and sent the NFT to it, believing it was part of the steps he needed to take. However, the collector later discovered that the address was a burn address, permanently taking the CryptoPunk out of circulation.
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