The NFT Bay

Name: The NFT Bay
Rating: 1.0 (1 reviews)

Pirate Bay for NFTs

1.0•1 review•

9 followers

Pirate Bay for NFTs

1.0•1 review•

9 followers

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Did you know that an NFT is just a hyperlink to an image that is usually hosted on GoogleDrive or another Web2.0 hosting service? 👀

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Launch tags:Productivity•Art•Web3

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I'm going to go ahead and agree with the author and disagree with the other commenters. I bought this NFT, years ago, and for the majority of that time the website was down, and I had nothing to show for anything other than a record on the blockchain showing I wasted a bunch of money in a pyramid scheme. (I knew what I was buying into and learned a lot in the process, but it's hard to suggest that NFT's have any real ownership that comes close to purchasing actual artwork. But then again, maybe this calls into question human obsession with ownership to begin with.) years old NFT for reference: https://cryptocelebrities.org/ca...

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5yr ago

@ryanmarr A+ comment, learned something about NFTs and reminded about Ben Stein.

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5yr ago

An NFT is not just an image, an NFT is more about the image metadata that is stored on blockchain, the image without the metadata is almost worthless.

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5yr ago

It sure would be a shame if I could add metadata to an image on my computer… Joke aside, I’m eager to see other applications of NFTs than pure speculation.

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5yr ago

@vfdraganescu the image metadata is not stored on the blockchain either. It's usually something like a JSON document stored on IPFS or another decentralised file service such as arweave - see https://docs.opensea.io/docs/met...

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5yr ago

@vfdraganescu an opensea NFT is just an image stored on a web2.0 host. no part of it is on the blockchain (edit: no part other than the transaction, lul). that is the entire point of this website and post, and is clear from the readme in the source code.

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5yr ago

Wonder Sites

Someone got touchy !

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5yr ago

Neuralcanvas

To me the actual image is what holds value. Not the metadata. Same as with real art. I like the art itself, I don’t care who “owns it” (which is meta data). But this is my subjective view. Apparently people disagree and thats why NFTs are worth money. However, you can still copy the art itself…..

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5yr ago

Product Hunt

I think this is more interesting than "someone right clicked all NFTs" and instead has some interesting things to say about where most NFTs are being hosted. Yes, NFTs are more than the image and also indicates ownership, but often times the blockchain is pointing to a web2 hyperlink where the image lives. It could disappear or change at any time, leaving the owner with a broken link. I'd check out the artist statement here and also an interview he did here before passing final judgement on this project.

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5yr ago

@product_at_producthunt Not unless that image is hosted on IPFS which then in that case the link to that image will be permanent as long as the entire system exists

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5yr ago

Product Hunt

@tycooperaow for sure, IPFS is a pretty good solution to this problem. That's why I said, "often times." I wonder if anyone has crawled Etherscan to see what percentage of contracts point to an ipfs domain. I'd love to better understand the breakdown of ipfs, web2 domains, NFTs stored in the contract itself, etc.

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5yr ago

Is more simpler: people with the JPG can view it, people with the NFT ownership can sell it. The first with the JPG file can't do more than view it, only the one with the NFT have the right to sell it, to download a JPG is fine, but if you wanna then sell it you are making piracy. without the ownership the artist sell to them.

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5yr ago

I don’t think anyone can stop you, but that’s not really what I meant. A lot of the conversation is about NFTs as an evolution of fine art collecting, only with digital art.

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5yr ago