On Wednesday non-fungible token supporters discovered that the NFT metadata hosted by FTX US pointed to broken metadata. The links now point to FTX’s restructuring website. The specific collections created on the Solana blockchain using the FTX USA NFT platform don’t show the NFT imagery. Also, the Coachella NFT marketplace listings have vanished.

FTX NFTs in the US Redirect Metadata to FTX Restructuring Page

This week, owners of FTX US-hosted NFTs discovered they cannot see their NFTs’ imagery or animations. NFTs derived from FTX US have broken metadata. The issue was discovered Wednesday by a number of NFT and crypto supporters.

“Oh look FTX hosted all the NFTs minted on their platform using a Web2 API and now all those NFTs have broken metadata, and the links go to a restructuring website,” the Twitter account jac0xb.sol wrote on Wednesday. Jac0xb.sol added:

There is a lesson to be learned here yet collections are still hosting metadata on [Amazon Web Services].

In addition to Jac0xb.sol, the Twitter profile @web3isgreat, an account that highlights Web3’s special moments, tweeted about the FTX US-hosted NFT issues as well. The Web3 is going just great Twitter account noted how the website nft.coachella.com/marketplace shows zero listings.

Further the account stated that the FTX US-tethered NFTs of the Coachella NFT Collection do appear as secondary market listings, but don’t show imagery or the metadata is broken. The company behind the music and arts festival, Coachella, partnered with FTX US in Feb. 2022.

If a user visits magiceden.io and searches for NFTs based on the Coachella collection, the listings will display micro-images from the compilation’s artwork. However, when a user toggles to see the details of the actual listing, the NFT’s imagery is not shown.

Similarly, FTX US-based NFTs listed on Opensea show the images on the main sale page and even some of the details on individually listed NFTs still show the images, but there are many that do not or they show errors. The NFTs that are listed on Opensea show a floor value of around 100 ethereum (ETH) and Coachella NFTs listed on magiceden.io are listed for prices between 1-100 SOL per unit.

What do you think about the broken metadata issue tethered to FTX US-based NFTs? Please comment below to let us know your thoughts on this topic.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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