this post was submitted on 17 Aug 2023
1038 points (98.3% liked)
Leopards Ate My Face
3510 readers
888 users here now
Rules:
- If you don't already have some understanding of what this is, try reading this post. Off-topic posts will be removed.
- Please use a high-quality source to explain why your post fits if you think it might not be common knowledge and isn't explained within the post itself.
- Links to articles should be high-quality sources – for example, not the Daily Mail, the New York Post, Newsweek, etc. For a rough idea, check out this list. If it's marked in red, it probably isn't allowed; if it's yellow, exercise caution.
- The mods are fallible; if you've been banned or had a comment removed, you're encouraged to appeal it.
- For accessibility reasons, an image of text must either have alt text or a transcription in the comments.
- All Lemmy.World Terms of Service apply.
Also feel free to check out [email protected] (also active).
Icon credit C. Brück on Wikimedia Commons.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
No, NFTs are absolutely a stupid idea. Putting a few bytes of data on the block chain does not add any value whatsoever to whatever art is involved, nor does it prove any sort of ownership or legitimacy.
Whether the artist only sells one copy of their art or not, making an NFT is about the worst possible way to facilitate single ownership. This is because there's no practical way to store the entire artwork on the block chain. The images associated with NFTs "live on the block chain" in the same way that the a website "lives in" the URL that points to it - not at all.