3 ms·

>ERC-721 is the standard that dictates how one should create an NFT. Each ERC721 NFT must have a tokenURI field, that is an external link to a JSON file stored

>ERC-721 is the standard that dictates how one should create an NFT. Each ERC721 NFT must have a tokenURI field, that is an external link to a JSON file stored on an external server ... You can notice the image field, which is a link to an image. Not just a link, a link to a link! And when that server goes down next year, all those JSON files will vanish.

folli 5y ago
I mean, as the article mentions, you could store the image on the chain. Or at least a Hash of the image to prevent a bait-and-switch. But it would cost too much of added gas fees and the average user wouldn't understand the difference.
- nuerow 5y ago
  > But it would cost too much of added gas fees(...) If your goal was honestly to just buy art, why would "gas fees" matter? They only matter in a scenario involving wash trades and high rates of transactions involving small deltas in price.
  - folli 5y ago
    Look, I'm not trying to defend NFTs here, but let's view this from an artist's perspective that wants to hop on the bandwagon: you either pay around $70 to mint your NFT without caring about how and where your image is actually stored, or you pay $20,000 to upload your 500kb onto the blockchain (as the article mentions).
- meowkit 5y ago
  > But it would cost too much of added gas fees and the average user wouldn't understand the difference. Reminder that this a poor line of thinking. The average user of a smartphone has no idea how it works. The average user of software has no idea how their apps work. The average user of a blockchain doesn't know how it works, and they won't need to. This stuff gets abstracted out and developed enough to hide these details over time.
  - folli 5y ago
    I might have worded it poorly, but I completely agree with you. I was just trying to offer an explanation on why this isn't implemented more widely although the technical solution exists. Some time ago I worked on a proof-of-concept service to enable users to mint their NFTs while abstracting away all the complexities. I decided to go the same route (link only, no hash, no nothing), as the cost for NFT minting are already very high as it is (see https://nuftu.com/pricing https://nuftu.com/pricing for current costs on the Ethereum blockchain).
greenhatman 5y ago
Does it also store a hash of the content? What if the content at the URI changes?
- spixy 5y ago
  Then content of your NFT changes https://twitter.com/moxie/status/1448066579611234305 https://twitter.com/moxie/status/1448066579611234305

folli 5y ago

I mean, as the article mentions, you could store the image on the chain. Or at least a Hash of the image to prevent a bait-and-switch. But it would cost too much of added gas fees and the average user wouldn't understand the difference.

nuerow 5y ago
> But it would cost too much of added gas fees(...) If your goal was honestly to just buy art, why would "gas fees" matter? They only matter in a scenario involving wash trades and high rates of transactions involving small deltas in price.
- folli 5y ago
  Look, I'm not trying to defend NFTs here, but let's view this from an artist's perspective that wants to hop on the bandwagon: you either pay around $70 to mint your NFT without caring about how and where your image is actually stored, or you pay $20,000 to upload your 500kb onto the blockchain (as the article mentions).
meowkit 5y ago
> But it would cost too much of added gas fees and the average user wouldn't understand the difference. Reminder that this a poor line of thinking. The average user of a smartphone has no idea how it works. The average user of software has no idea how their apps work. The average user of a blockchain doesn't know how it works, and they won't need to. This stuff gets abstracted out and developed enough to hide these details over time.
- folli 5y ago
  I might have worded it poorly, but I completely agree with you. I was just trying to offer an explanation on why this isn't implemented more widely although the technical solution exists. Some time ago I worked on a proof-of-concept service to enable users to mint their NFTs while abstracting away all the complexities. I decided to go the same route (link only, no hash, no nothing), as the cost for NFT minting are already very high as it is (see https://nuftu.com/pricing https://nuftu.com/pricing for current costs on the Ethereum blockchain).

greenhatman 5y ago

Does it also store a hash of the content? What if the content at the URI changes?

spixy 5y ago
Then content of your NFT changes https://twitter.com/moxie/status/1448066579611234305 https://twitter.com/moxie/status/1448066579611234305