Too many NFT projects are rushing to market without proper smart contract testing, leading to millions of funds lost, the founder of nameless told Cointelegraph.
“That was the sort of thing that they could have tested more completely in a private test environment and run the tests against those sales and edge cases, that they may or may not have taken the time to do or thought to do on a public testnet.”
McNelis emphasized the importance of getting the test phase right, given that smart contract bugs can’t be patched post-launch: “The testing phase of a project is extremely critical because it's going to determine really the success of your drop or launch as far as the technical and marketplace solutions go.”
McNelis explained that while projects can use public test nets to conduct trials for networks like Ethereum, many don’t as it could open the door for copycat scam projects. He also says that some don't want to test in public environments of the lack of confidentiality. “The other thing is there's a lot of brands that may be wanting to explore the Web3 space but aren't ready to announce publicly that they're doing so.”
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