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NFTs are actually a good way to enforce data portability. A big NFT website recently was deleted by its webmaster. Since everything was open source, and the JP

NFTs are actually a good way to enforce data portability. A big NFT website recently was deleted by its webmaster. Since everything was open source, and the JPEGs/art were hosted on IPFS, the commnity quite simply rebuilt the website frontend and nothing was lost. You can read more about this here: https://www.coindesk.com/tech/2021/11/18/what-hic-et-nuncs-resurrection-says-about-decentralized-infrastructure/ https://www.coindesk.com/tech/2021/11/18/what-hic-et-nuncs-r... This is the strength of having a decentralised open source blockchain - suddenly digital asset ownership can be "established" even if their utility for now is close to nil. But that's allowed a vibrant digital art market to explode.

pupppet 5y ago
Probably an ignorant question here, but what's stopping someone from taking someone's jpg, changing a few pixels, and adding it to the blockchain. How do you know which is the original?
- kranke155 5y ago
  At this moment nothing. The more centralised markets - SuperRare, Nifty Gateway - probably do some form of KYC. That's the risk you take when using fully permissionless markets, but I'd say if you are a collector, you take 5 minutes to check whether the artist exists. I don't buy anything unless the artist is on Twitter/instagram linked to his profile. There are ways to verify identities on both Tezos and Ethereum blockchains which is usually how I look into and make sure the artist is legit. I myself own an Ethereum Name Service and Tezos domain (.eth and .tez). For a few dollars the owner of one of the main tezos scan websites also creates verified identities using Twitter profiles. Takes a bit of effort but it is worth it. Having an active twitter account is also a big thing in the NFT space, it helps enforce a minimum level of difficulty to art stealing.
- jazzyjackson 5y ago
  Blockchain records provenance : who owned the token before you, so the nft is not “I own this jpeg”, it’s “I bought this jpeg from the artist with public key X”

pupppet 5y ago

Probably an ignorant question here, but what's stopping someone from taking someone's jpg, changing a few pixels, and adding it to the blockchain. How do you know which is the original?

kranke155 5y ago
At this moment nothing. The more centralised markets - SuperRare, Nifty Gateway - probably do some form of KYC. That's the risk you take when using fully permissionless markets, but I'd say if you are a collector, you take 5 minutes to check whether the artist exists. I don't buy anything unless the artist is on Twitter/instagram linked to his profile. There are ways to verify identities on both Tezos and Ethereum blockchains which is usually how I look into and make sure the artist is legit. I myself own an Ethereum Name Service and Tezos domain (.eth and .tez). For a few dollars the owner of one of the main tezos scan websites also creates verified identities using Twitter profiles. Takes a bit of effort but it is worth it. Having an active twitter account is also a big thing in the NFT space, it helps enforce a minimum level of difficulty to art stealing.
jazzyjackson 5y ago
Blockchain records provenance : who owned the token before you, so the nft is not “I own this jpeg”, it’s “I bought this jpeg from the artist with public key X”