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FTs
(lemmy.world)
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this post was submitted on 19 May 2025
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The best part is that for 99% of NFTs, that graphic isn't stored on the blockchain. It's just a standard internet URL. So you are relying on the TLD to be alive in ICANN, the TLD to be registered to the same party that originally sold the NFTs, the DNS servers the TLD uses to be registered and function as expected, and finally the servers that are privately owned by somebody else to be hosting the stupid graphic at the URL the NFT is registered to.
So then they aren't even NFTs
The NFT is just the receipt for a URL isn't it?
NFTs, as implemented on a block chain are a unique number. A URL to that transaction can be generated, but a URL itself does not establish anything.the NFT needs to be in your block chain wallet. "Not your keys, not your wallet, not your crypto" applies here as well.
Which is why the whole graphic -> nft thing didn't make a lot of sense to me.
Great. You own the number assigned to a graphic. You own that graphic. You can still copy the pixels of that graphic too.