NFT's are like long island iced blockchain, a meme buzzword to sell gullible idiots stuff that nominally already have, but described as "signed digital art" so people think it's worth something. Everyone can see the contents same way as the owner can. They do not make art indestructible or permanent. Also, any transfers of the NFT can be traced and the buyer's address can be identified by his OpenSea marketplace moniker now.ĮLI5: NFTs bear no advantages that the blockchain does. The owner gets nothing more other than bragging rights at best.
#S s s suck meme download#
You can get the image for free, download it, send it to everyone etc. Meaning that when this proxy goes down for good the NFTs contents will remain forever unaccessible through the NFT itself.
Interestingly enough, the creator (or creating platform, idk how it was created) of that NFT was stupid enough to use the https link to the IPFS proxy directly.
#S s s suck meme full size#
The owner of the NFT is therefore a glorified blockchain-certified owner of a link to a text file host containing a link to an image/video host.įor instance, here's the link to the full size image of the 400k USD Banksy that was sold on OpenSea:ĭon't believe me? Check the contract linked on the listing yourself: Literally anyone by merely using a block explorer can discover the link to the full size image an NFT contains.
And some platforms that allow for the creation of NFTs deliberately do so on closed source smart contracts so the NFTs users make with them can only be verifiably displayed and traded in their platform.Īnd the final nail in the coffin is that the exclusivity of NFTs is null. Many platforms use their own format that is deliberately not compatible with other NFT marketplaces. What's more is that the format of NFTs is not standardized. And when the image/video host goes down, no one will be able to see its media.īest case is that an NFT might store the media and the JSON on a so called perma-storage network like IPFS, but the gateway used to access these is still though centralized proxies. Meaning that whenever your text file host goes down, no one will be able to read the JSON contents of your NFT. And as a matter of fact, the contents of the media the NFT is supposed to contain are only accessible through centralized services. The image/video that the NFT is supposed to contain is not stored in the ETH/BSC or respective NFT supporting blockchain. Well, I looked into it a little bit and it turns out that the contents of that NFT (as well as pretty much any other NFT) are merely a JSON file.
So I made one…👊😂 might've read the news about an NFT of a burned Banksy print selling for nearly 400k USD worth of ETH recently. And your #PutinsPoodle hashtag deserves a meme. This meme seems fitting for your pathetic tweet #DunningKrugerEffect #ResignNow /y6KsfNxn2g Trumpers are to the point that whataboutism is all they have left. Wee Donald is ANGRY!!! #Trump #DonaldTrump #Memes #MorMade /bRZpTNsJYz I've never been a fan of #JamesBond until this meme 😂 #TheResistance ‘s presidency summed up in one meme /DNeynBN6Hx
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