Re:NFT projects are just MLMs for tech elites
by dnautics on Friday October 01, 2021 @10:45AM
(#28719086)
I kinda hate NFTs: But, the analogy to a "certificate of authenticity" for "real pieces of art" or "memorabilia" is reasonable. It's not "actually the art".
the "centralized platform" blocking you is kind of immaterial. The point is that other people can see that the token matches. Though one difference from CoAs is that the "centralized platform" could remove the art. I don't know how opensea works, but one could in theory hash the digital content, drop it onto bittorrent (or whatever, use the bittorrent hash id) and lock that up with the token. Is that how opensea works?
the "centralized platform" blocking you is kind of immaterial. The point is that other people can see that the token matches. Though one difference from CoAs is that the "centralized platform" could remove the art. I don't know how opensea works, but one could in theory hash the digital content, drop it onto bittorrent (or whatever, use the bittorrent hash id) and lock that up with the token. Is that how opensea works?