You can now clone NFTs as ‘Mimics’: Here’s what that means

Cointelegraph

Published May 31, 2022 09:43AM ET

Updated Jun 11, 2022 01:40AM ET

In the precariousness of Web3 open-source code, iterative development and move fast ethos, things break. And through breaking, things are also made. A new project allows anyone to create a copy of someone elses NFT, aptly named Mimics.

But how does Mimics work, and what does it mean for the NFT art market to have a new variety of fakes? And will it result in token standards being upgraded and improved?

Artists impression of how Mimics works with CryptoPunks and Bored Apes.
h4 Stealing your NFTs/h4
The tokenUri NFT metadata. Source: Coinmonks
Joni Pirovich on LinkedIn.
h4 Into the code/h4
Mimicologists Guide docs.
OpenSea Contract Address
h4 What does this mean?/h4
Bored Ape Yacht Club auction on the OpenSea NFT marketplace. Source: OpenSea
h4 Setting a standard:/h4
Mooncat #24916: MrFahrenheit.eth Source: OpenSea
Tool to search registered ENS names by @BokkyPoobah.
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