The highly anticipated NFT collection \u201cAkutars\u201d experienced a true development nightmare when poor coding & grieving led to a batch of exploits freezing over thirty-four million dollars. While taking serious security warning concerns as project \u201cfud,\u201d the mint continued, causing a massive wave of transactions to fail as over 11,000 in ETH is locked in the contract forever.<\/p>\n The Aku team took to Twitter, informing their community of their missteps, claiming full responsibility regarding the situation, and providing a timeline for refunds<\/a>. Furthermore, the project\u2019s founder has expressed his deepest sympathies to those affected by their mistakes and ensures that the community will bounce back from this major upset.<\/p>\n The Akutar NFT collection comes from the work of former MLB player Micah Johnson. After a successful run, Micah decided to follow his passion in the art industry. His skill and storytelling ability have led to a monumental collection featuring\u00a0 the life of a heroic spaceman known as \u201cAku.\u201d Holders of the Aku chapters received 61% of the NFTs supply distributed based on how many \u2018\u201dChapters\u201d of Aku\u2019s life they held.<\/p>\n i.e., holding four \u2018unique\u2019 chapters grants the owner one Akutar with an \u201cO.G Trait.<\/p>\n After taking care of their community, 38% of the remaining supply went into a modified dutch auction. While the remaining 1%\u00a0 will be going toward partners and future collaborations.<\/p>\n Each Akutar out of the 15,000 in circulation grants the holder entry to the ever-evolving Akuverse. Additionally, holders gain exclusive access to future project collaborations and experiences.<\/p>\n Developing a project is no easy task, and as with anything that has to do with Ethereum, it can be rather expensive. While the act of coding usually corresponds to a hooded figure in a dark corner clacking away at a keyboard. The actual reality remains far from the general public outlook. In fact, the complexities of coding can require more hands-on than most endeavors today. Thus, networking and consistent collaborations provided necessary stepping stones for a project to thrive long term.<\/p>\n The mistakes that were made are no more costly to anyone than myself. I\u2019ve reinvested most everything into building Aku. Most everything will go back to refunds and we will keep building what we set out to do. Brick by brick. \u2013 Micah Johnson<\/span><\/p>\n<\/blockquote>\n While developers have access to debug programs, third-party auditing firms and sites such as GitHub exploits in code can be prevented before taking money from supporters. Especially when receiving warnings from a security researcher<\/a> and shoving them to the side as unwarranted \u201cfud\u201d to watch the \u2018accusations\u2019 turn into facts. Though the community suffers a devasting blow, the AkuDreams community says strong while rallying behind the creator<\/a><\/p>\n I\u2019m so sorry. I\u2019m so sorry to the Aku family. I care so deeply about the Aku family, I let you all down & I\u2019m so sorry. I will continue to build brick by brick, continue to work tirelessly,\u00a0 because without the Aku community, Aku\u2019s nothing. <\/span>We\u2019ve come too far, I cannot stop now \u2013 Micah Johnson<\/span><\/p>\n<\/blockquote>\n Are you tired of missing important NFT drops<\/strong>?<\/p>\n Just check out our NFT Calendar!<\/p>\n Receive the biggest NFT news of the day & recommendations in our <\/b>Daily newsletter.\u00a0<\/strong><\/p>\n \u00a0<\/p>\n All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n This article is educational material.<\/em><\/p>\n As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n![\"Akutar](\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-1024x640.png\")
Credit: Bitcoinist<\/figcaption><\/figure>\nAku\u2019s NFT<\/h2>\n
The Aftermath<\/h2>\n
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