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there are hundreds of millions of dollars of s that are locked in smart contracts how is this possible there are two kind of addresses on ethereum eoa and smart contract addresses if you send an es20 or es721 to a eoa address there is a private key associated to it the person who controls this private key can spend the s by creating a transaction and signing it with a private key however when you send a to a smart contract the smart contract does not have a private key a smart contract only has a function that can react to incoming transactions if a smart contract has some s it can only spend them if it has a function that knows how to spend these s otherwise the s are locked forever in my webster bootcamp this is the kind of little detail that we learn if you are a web 2 developer and you want to get into web 3 apply now to my website bootcamp you will find the link down below bye