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 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 ]