Many NFT projects lack adequate smart contract testing, says nameless founder

Cointelegraph

Published Sep 22, 2022 09:09PM ET

Updated Sep 22, 2022 10:40PM ET

Jimmy McNelis, the founder of Web3 tech firm nameless, says there are too many NFT projects rushing to market without proper smart contract testing — potentially leading to millions lost.

Speaking with Cointelegraph, McNelis suggested that a lot of NFT projects often rush to market without fully simulating how its smart contracts will work, even skipping extensive audits in some cases.

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