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49478244 No.49478244 [Reply] [Original]

I still dont understand NFT

Is it really just a link to the picture embedded on crypto blockchain you have personal key to?

>> No.49478281

Russian bot thread

>> No.49478530

>>49478281
??

>> No.49480598
File: 318 KB, 598x719, john.png [View same] [iqdb] [saucenao] [google]
49480598

>>49478244
They should unlock something of value, thereby providing a non-duplicatable service as well as uniqueness. So it's not a jpeg, think of it as a signed and numbered print that provides you access to something by virtue of ownership. For this, I like the Whackd line of NFTs, which unlock a unique and unpublished video of John McAfee on the run.
https://rarible.com/user/0x23d3808feaeb966f9c6c5ef326e1dd37686e5972/sale

>> No.49481018

>>49480598
but i heard all it contains is a link to jpg or bmp you cant store actual file on blockchain, seems utterly useless to me

>> No.49481191

>>49478244
Depends on the project. Most nfts are just links to some url with the picture, some projects put the code to generate the picture on the blockchain.

>> No.49483765
File: 102 KB, 900x500, TickrPCOG.jpg [View same] [iqdb] [saucenao] [google]
49483765

>>49481018
>>49481018
You're replying to a paid shill champ
It is a link to jpg
It's got value because celebs say it's got it
You're late to the party, so don't waste your time on it. Dyor on Precog finance and forget the jpgs

>> No.49484333

>>49478244
it's not even on the blockchain, it's just a .jpg on a centralized server somewhere.

>> No.49484521

>>49478244
NFTs are a hyperlink hosted on centralized blockchains like Ethereum that are not decentralized like Bitcoin, so NFTs are Centralized Blockchain Proof of Hyperlink ownership.