News for hackers. Stuff that matters.

A comment on NFT's aren't the answer to the problems of digital art. Parent comment

Re:NFT's aren't the answer to the problems of digital art by moron4hire on Tuesday November 09, 2021 @07:52AM (#29161070)
My understanding is that people don't even mint whole files due to the cost of minting scaling with the size of the data, so they are minting links to the files, which you then have to hope always point to that file.
[ Parent | on HN ]
Re:NFT's aren't the answer to the problems of digital art by twox2 on Tuesday November 09, 2021 @08:56AM (#29161752)
There are plenty of projects that store either the art or verifiable metadata directly on chain.
[ Parent | on HN ]
Re:NFT's aren't the answer to the problems of digital art by moron4hire on Tuesday November 09, 2021 @09:10AM (#29161929)
This not being a universal property of NFTs undermines the entire system.
[ Parent | on HN ]
Re:NFT's aren't the answer to the problems of digital art by twox2 on Tuesday November 09, 2021 @09:17AM (#29162006)
To some extent I can capitulate on that, but you are right in that this system does not solve for "caveat emptor".
[ Parent | on HN ]