We're aware of the recent security vulnerability that impacts a variety of smart contracts across the web3 ecosystem.

In this blog, we want to reiterate – all contracts and NFTs created using NiftyKit are safe. Our diamond contracts and collections provide enhanced protection against prevalent security vulnerabilities.

If you are a creator who has been impacted, you may want to safeguard your assets from current and future vulnerabilities by migrating to 100% secured NiftyKit diamond contracts.

3 Ways to Migrate your Smart Contract:

Recent vulnerabilities have come to light in which some contracts were exposed to ECDSA signature malleability (allows re-use of signatures). NFT creation platforms with versions of DropERC20, ERC721, ERC1155, and AirdropERC20 pre-built contracts, are potentially putting NFT projects at risk. Migrating to our Diamond Smart Contract can be a solution to keep your NFT collection safe from future vulnerabilities.

Option 1: Airdrop NFTs to your Collectors

Airdropping: This method guarantees that holders receive the exact Token ID associated with their original NFTs, preserving the integrity of the collection. With NiftyKit’s optimized smart contract, it only cost around .15 ETH to batch airdrop 250 token at 16 gwei. (Note: Airdrop gas fees may vary depending on the current gas)

Collection Snapshot Tool: NiftyKit offers a collection snapshot tool to simplify the migration process. This tool aids in automating airdrops, streamlining the transition for both NFT creators and holders.

Option 2: Claim Feature

Claim Feature: Add claim features to pass on gas fees to holders during the migration. However, it's crucial to note that this may lead to complications if not all holders claim their NFTs.

Option 3: Migrate your collection to Layer 2

One of the more economical options is migrating to Layer 2 or Polygon to optimize costs. This reduces transaction fees and ensures a seamless transition for the NFT holders.

Kitaro World's Successful Migration to NiftyKit

Kitaro community has shared valuable insights and instructions on their successful migration to diamond smart contracts powered by NiftyKit. You can check out their detailed guide below in their Kitaro World Migration Guide.

Why Migrate to NiftyKit?

NiftyKit offers a robust and secure solution for NFT creators looking to safeguard their NFT projects. The platform's diamond smart contracts are renowned for their security features, offering airtight protection against potential vulnerabilities. By choosing NiftyKit, you also gain access to a platform committed to providing a secure environment for NFT creators and premium features and apps that you can utilize for your NFT Collection.