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Which will then contain a link to the file, since storing the whole file on the chain is too expensive. Still, you'll now pay >50$ for each file, 98% of which a

Which will then contain a link to the file, since storing the whole file on the chain is too expensive. Still, you'll now pay >50$ for each file, 98% of which are transaction fees - surprisingly surpassing the already horrible pay ratio of music labels.

lelandfe 4y ago
You will also have to cross your fingers that your NFT's link to mediafire.com/MyMP3File stays live for, uh, forever.
- flir 4y ago
  Store the file's hash instead?
yellowapple 4y ago
> Which will then contain a link to the file Why? You already have a copy on your local machine ("local machine" being anywhere you'd want to play that file). What's more important is the hash; if you really care about remote storage, IPFS kills both those birds with one stone. > Still, you'll now pay >50$ for each file, 98% of which are transaction fees There are other NFT-capable blockchains besides Ethereum, you know :)
- AlexandrB 4y ago
  As someone who loves organizing my music, a file hash would be a shitty solution. I want to be able to edit tags and transcode the song (e.g. for iTunes compatibility) without losing ownership.
  - yellowapple 4y ago
    As long as you retain the original (which you probably should anyway, especially if you're converting to a lossy format or downloaded it that way in the first place) and can redo the conversion on demand, I don't expect that to be much of an issue. A Shazam-esque audio fingerprinting approach could work here, too (though obviously IPFS won't give you that for free like it would a file hash). Might be troublesome for remixes, though.