this post was submitted on 18 Aug 2023
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A key feature of NFTs has completely broken / Web3 was supposed to make sure the original artist always got paid. Not so much anymore. (www.theverge.com)
submitted 1 year ago by 2tone@lemmy.world to c/technology@lemmy.world
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[–] phoneymouse@lemmy.world 2 points 1 year ago (2 children)

What you’re buying when you purchase an NFT is a link to a website. That link shows the image. If the link ever breaks because the website goes down or out of business, it’s pretty worthless. I would have thought the implementation would be based on something more enduring like the actual content and not a link.

[–] anlumo@feddit.de 2 points 1 year ago (1 children)

Storing a full JPEG on the blockchain would be way too expensive. It’s not a bulk data storage system.

[–] phoneymouse@lemmy.world 1 points 1 year ago (1 children)

There are alternatives like storing a hash of some sort

[–] anlumo@feddit.de 2 points 1 year ago

A hash still isn’t the file itself. I think that the ones that use ipfs even have a hash in the URL.