Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

NFTs are paying for a signature in a blockchain that links to a random URL. If you're lucky, it's IPFS and it'll go down when people stop hosting it. If you're slightly less lucky, it's whatever platform you went through that's operating an IPFS tunnel because cryptobros can't figure it out, and it will go down whenever your flavor or the month NFT site goes out of business, which is any time between six months and 5 years. IF you're even less unlucky, it's just a random link to a website, and I can't wait for people's art to be replaced with penises because that's what happens to hotlinkers.


Is it not possible to put the "owned" data itself on the NFT blockchain? If so, that does seem like a serious flaw.


It _could_ be possible, although prohibitively expensive.

https://twitter.com/jonty/status/1372163423446917122 for more context.


Data on blockchain is too expensive. Or to be more exact blockchains people actually use or care about.


Are there blockchains that people actually use or care about?


Filecoin is a possibility here (based on and created by the IPFS folks)




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: