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 twox2 on Tuesday November 09, 2021 @09:44AM (#29162384)
YES!! NFTs are just a smart contract standard.

Look at OpenSea. It's the google/ebay of NFTs on Ethereum.

They are all interchangeable.

[ Parent | on HN ]
Re:NFT's aren't the answer to the problems of digital art by rory on Tuesday November 09, 2021 @09:55AM (#29162520)
Good to hear!

Digging a little more, it seems like the answer is sometimes yes. In this thread NBA Topshot is excluded: https://old.reddit.com/r/ethereum/comments/m1mb0s/can_someon...

Is that thread correct? Is the general theme that corporate NFTs don't truly decentralize, but small players and committed crypto people put their NFTs on Ethereum so they can be moved around?

[ Parent | on HN ]
Re:NFT's aren't the answer to the problems of digital art by twox2 on Tuesday November 09, 2021 @10:03AM (#29162627)
Correct, some "corporate NFTs" are run on their own chains, etc. This is why most of the price action is on Ethereum.

Assuming you are somewhat technical, you can read about the actual smart contract standard, it's called erc721.

[ Parent | on HN ]
Re:NFT's aren't the answer to the problems of digital art by lottin on Tuesday November 09, 2021 @01:13PM (#29165176)
So they're all centralised on Ethereum, right?
[ Parent | on HN ]
Re:NFT's aren't the answer to the problems of digital art by twox2 on Tuesday November 09, 2021 @03:22PM (#29166944)
they are all decentralized on ethereum :)

Though there are some projects that are working on bringing cross-chain portability to NFTs. I don't know how those work though.

[ Parent | on HN ]