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Fantastic article. Great read! > Instead of storing the data on-chain, NFTs instead contain a URL that points to the data. What surprised me about the standard
by tomputer 5y ago
Fantastic article. Great read!
> Instead of storing the data on-chain, NFTs instead contain a URL that points to the data. What surprised me about the standards was that there’s no hash commitment for the data located at the URL. Looking at many of the NFTs on popular marketplaces being sold for tens, hundreds, or millions of dollars, that URL often just points to some VPS running Apache somewhere.
This is an important line. People buying NFT's who are not aware of this may assume the NFT pictures itself are stored on-chain.
- deleted 5y ago[deleted]
- sneak 5y agoThis doesn't actually matter, though. When you buy an NFT, you're not buying the picture, the art, the URL, or the copyright - you're just buying the NFT.