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If it is $25 a token with 100k of them, these are not exactly non-fungible, isn't it :)
by liuliu 5y ago
If it is $25 a token with 100k of them, these are not exactly non-fungible, isn't it :)
- yawnxyz 5y agowell, some NFTs do have thousands copies, etc. — they're not always unique, but I get your point haha. Maybe they should have done it as a ICO / social coin instead :P
- capableweb 5y ago> well, some NFTs do have thousands copies, etc. — they're not always unique What? No. They are unique and not the same as the others, that's what makes them NFTs in the first place. A NFT that has thousands of copies is just a cryptocurrency... You might mean that there are "collections" of NFTs, where the artwork happens to be the same and the author is the same. But each individual piece of that is it's own NFT and not a copy.
- nrmitchi 5y agoYou're just being extremely pedantic around the use of the word "copy" to try to make your point. If you have thousands of things where the artwork is the same and the author is the same, we have a word for that: "copies". Putting an ID on each one doesn't make them any less "copies"; they're just numbered copies. Sure, you can call that a "collection" if you want, but they are a bunch of instances of the "same thing".
- capableweb 5y agoWell, without being pedantic about the use of "copy", we might as well use "NFT" and "cryptocurrency" interchangeably, but it's useful to make the distinction between as they are different. If you pipe /dev/random to 100 different files and hash them, the content are "the same" in the sense that they are all filled with garbage. But if you hashed the content, you'll get different hashes. Use those as Global IDs, and you have something like a NFT. The same, but also not the same as they are unique.