It’s entirely possible that the outage on Reddit following the release of Gen 3 NFTs was caused by excessive demand from bots. Bots are computer programs that can perform tasks at a much faster rate than humans. Furthermore, these bots are known to be used to purchase highly sought-after items online. Examples of these items are limited-edition sneakers or concert tickets.
However, NFTs are unique digital assets that can be bought and sold on blockchain platforms. There has been a lot of hype and demand for certain NFT collections. This has led some people to use bots to try to purchase these NFTs before they sell out.
The outage is said to have been caused by numerous bots simultaneously attempting to purchase Gen 3 NFTs on Reddit, overloading the website’s servers. However, it’s also possible that the outage was caused by additional elements, such as infrastructure-related technical problems with the website or unforeseen traffic spikes.
Bot’s ability to make faster purchases than human
It’s likely that the bots were made to quickly buy up large quantities of the collectibles. However, with the aim of reselling them later for a profit if the recently launched digital collectibles shop went down due to the high volumes of items purchased by them. However, this is a typical strategy employed by some people to profit from physical or digital limited editions or high-demand items.
This was done in order to prevent people from amassing large quantities of collectibles and reselling them for a profit. However, businesses may also think about restricting the number of items that can be purchased per customer. By taking these steps, companies can help ensure a fair and enjoyable experience for all customers. Above all, they should also protect their own business interests.
