A key feature of NFTs has completely broken / Web3 was supposed to make sure the original artist always got paid. Not so much anymore.

2tone@lemmy.world to Technology@lemmy.world – 534 points –
A key feature of NFTs has completely broken
theverge.com
223

You are viewing a single comment

Ik the technology is useful, but selling shit I can screen shot is fucking pointless. If you want to buy shit from the artist, just buy their shit.

What you’re buying when you purchase an NFT is a link to a website. That link shows the image. If the link ever breaks because the website goes down or out of business, it’s pretty worthless. I would have thought the implementation would be based on something more enduring like the actual content and not a link.

Storing a full JPEG on the blockchain would be way too expensive. It’s not a bulk data storage system.

There are alternatives like storing a hash of some sort

A hash still isn’t the file itself. I think that the ones that use ipfs even have a hash in the URL.

1 more...
1 more...