Re:NFT's aren't the answer to the problems of digital art
by Kye on Tuesday November 09, 2021 @08:57AM
(#29161765)
Isn't this the entire purpose of smart contracts in Ethereum, the underlying system for most NFTs? What do NFTs add?
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Re:NFT's aren't the answer to the problems of digital art
by acjohnson55 on Tuesday November 09, 2021 @06:25PM
(#29168950)
Smart contracts are a very generic concept. NFTs are a smart contract design pattern. They typically employ standardized smart contracts (e.g. ERC-721, ERC-1155) so that services can be built to interface with any standard NFT contract. But it's also possible to make custom smart contracts to manage non-fungible digital assets.