News for hackers. Stuff that matters.

A comment on NFT projects are just MLMs for tech elites. Parent comment

Re:NFT projects are just MLMs for tech elites by BiteCode_dev on Friday October 01, 2021 @08:13AM (#28717446)
I agree, you can store it on IPFS. But most people don't, they don't even know it's possible.

I mean, most people could host their own video, but they upload on youtube, and just youtube.

Well, this is the same, only even more niche, so the easy "upload" on open sea is very, very attractive.

I'd wager if one the most popular NFT trading plateform disapear, 99% of all NFT would go poof.

[ Parent | on HN ]
Re:NFT projects are just MLMs for tech elites by miracle2k on Friday October 01, 2021 @08:17AM (#28717480)
The majority of all NFTs are stored in IPFS; source: I run a platform indexing NFT media files.

Also, the art is the token. Data storage is a orthogonal problem entirely.

[ Parent | on HN ]
Re:NFT projects are just MLMs for tech elites by BrianOnHN on Friday October 01, 2021 @10:21AM (#28718782)
> the art is the token

The art is people believing they own more than that.

[ Parent | on HN ]
Re:NFT projects are just MLMs for tech elites by BiteCode_dev on Friday October 01, 2021 @08:22AM (#28717528)
> The majority of all NFTs are stored in IPFS

Oh, I would never have believed it. Thanks for the info. Most people that I know don't even know what IPFS is. Are those human uploaded, or bot uploaded?

> the art is the token

Yes, but why isn't the token displayed in the centered of the page on most popular platforms?

Because human needs a symbol that represent that token.

For most people, the animation and the number are the same. NFT work because people share a believe about them, after all.

And all the strong believe in humanity are sustained using symbols.

BTW, what's the name of your platform?

[ Parent | on HN ]