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Yes, it undermines the current NFT aggregator sites and all the hype. The core concept of NFTs is sound, but the vast majority of NFTs I've seen encode only a
by aeternum 6y ago
Yes, it undermines the current NFT aggregator sites and all the hype.
The core concept of NFTs is sound, but the vast majority of NFTs I've seen encode only a URL, often for the marketplace that sold the NFT. So all you really own is a hyperlink to a company's website that likely won't be around for long.
A few NFTs encode links to the IPFS (InterPlanetary File System), which still carries some risk of the link/content being forgotten, but is probably a better way of doing this.