4 ms·
On Twitter, NFTs show as an hexagon and you can find the provenance on the user profile (collection, associated contract…) One can indeed copy the art and re-m
by dmarcos 5y ago
On Twitter, NFTs show as an hexagon and you can find the provenance on the user profile (collection, associated contract…)
One can indeed copy the art and re-mint a new NFT but a single click on the user profile will reveal it’s not the authentic one.
e.g:
Click / Tap on the profile picture to see NFT provenance info
https://twitter.com/jrartspace_nft https://twitter.com/jrartspace_nft
- rasz 5y ago>will reveal it’s not the authentic one you think there is a central authority deciding authenticity?
- deleted 5y ago[deleted]
- creatonez 5y agoThere is! Even though crypto is supposed to be decentralized, OpenSeas has taken up the task of marking fraudulent/fake NFTs on their website. They are usually still purchasable on the blockchain, but the websites through which you view the NFTs show it as suspicious, stolen, or fraudulent. Makes you wonder if they should have just used a centralized ledger in the first place if this was going to be how things are run.
- dmarcos 5y agoOpensea indeed helps reduce the noise but you can also do it yourself. If you show me a fake BAYC NFT(Bored Ape Yacht Club) I can tell you if it’s authentic just by looking at the blockchain (smart contract address and transaction history for instance)
- dmarcos 5y agoYou can see the wallet that setup the smart contract, when it happened, and also see all the transaction history of NFTs in the collection. That’s one of the advantages of a public ledger. Anyone can run the forensics. No need of a central authority.