"A major outage on Amazon Web Services (AWS), the tech giant's cloud computing platform that supports vast swaths of the internet, threw the cryptocurrency community into chaos on Monday. The irony of communities that pride themselves on being decentralized being taken down by a centralized failure wasn't lost on users on social media. As Cointribune reports, entire crypto trading platforms were affected by the outage, causing service disruptions for hours."
"Even OpenSea, the biggest exchange of non-fungible tokens (NFTs), was hit hard. A screenshot shared by podcaster and Onion social media editor June Sternbach shows broken images of the Bored Ape Yacht Club collection on OpenSea. The images of unbothered-looking primates was once a highly coveted possession among the crypto-obsessed and high-profile celebrities, while being valued at millions of dollars worth of Ethereum each. Since then, their value has cratered, changing hands for around $30,000 these days."
""Cannot load image," a notice overlaying the apes reads. "This ERC-721 NFT is not accessible due to an ongoing Amazon Web Services outage." It was a painful faceplant, since NFTs are meant to be the unique manifestations of an image that are stored on a blockchain to represent ownership. "NFTs are amazing because you apparently 'own' them, but the AWS outage yesterday took out everyone's apes lol," Sternbach wrote in her post."
A severe Amazon Web Services outage disrupted major crypto platforms and NFT marketplaces, causing service failures and inaccessible content. OpenSea displayed broken Bored Ape Yacht Club images with a "Cannot load image" notice as media assets became unavailable. Coinbase and Robinhood also experienced connectivity issues during the outage. The incident highlighted that many crypto services and NFT media rely on centralized cloud hosting despite blockchain-based ownership claims. Users and platform operators acknowledged ongoing degradation and expected continued issues for hours, prompting renewed scrutiny of centralization risks within ostensibly decentralized ecosystems.
Read at Futurism
Unable to calculate read time
Collection
[
|
...
]