4 ms·

I don't know what's happening, people are paying tons of money for hashes of jpegs, honestly can't tell it's 50/50 from my pov.

• mkhpalm 5y ago
  I've wondered how much of that is really just laundering crypto? Lets say you had a successful ransomware attack and got millions of dollars worth of BTC. How do you transfer that to a wallet you can use to cash out? I've always figured thats why people will pay massive amounts of crypto for really stupid NFT things. Its sort of like an express lane for more traditional methods of money laundering. For example, you don't need the physical art piece to launder fine art. NFTs are way easier than doing it the old fashioned way.
• minism 5y ago
  I was shocked to discover after looking more closely that most of the popular NFTs do not contain the image hash in the blockchain token data, nor do they even contain the URL to the image! They simply contain an integer (the token ID). The ERC721 interface only requires String GetTokenURL(int tokenId) be implemented!
  • thrwyoilarticle 5y ago
    Are there a limited number of NFTs, then? INT_MAX?
    • easrng 5y ago
      tokenId is a uint256, so there are at most 115792089237316195423570985008687907853269984665640564039457584007913129639935 NFTs per contract.
      • jtsiskin 5y ago
        Comparable to the number of atoms in the observable universe.