Re:NFTs unbundle ownership from enjoyment
by meheleventyone on Wednesday March 31, 2021 @02:50PM
(#26651372)
Right but an NFT is just a link to a URL so there is no guarantee that it points to what it did originally or points to anything at all. All it guarantees is the provenance of the token, not the art itself.
Re:NFTs unbundle ownership from enjoyment
by parkaboy on Wednesday March 31, 2021 @03:13PM
(#26651693)
Yikes. OK that seems like not a proper use of all this, then!! Seems like it would be more valuable to transact with just the artwork data signed by the artist's private key maybe with a bit of other metadata. But a URL??? Sounds like a lot can go wrong with that.
You are correct that at the very initial point of minting there still needs to be some proof (i.e. artist cryptographically signing the data of their work with their private key), which as I understand, is not something that's really done currently (and should be).