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Moxie doesn't trash NFTs or Web3 in that article. He just points out some limitations of the ecosystem. Also, ipfs directly fixes one of the bigger issues: >
by benatkin 3mo ago
Moxie doesn't trash NFTs or Web3 in that article. He just points out some limitations of the ecosystem.
Also, ipfs directly fixes one of the bigger issues:
> Instead of storing the data on-chain, NFTs instead contain a URL that points to the data.
If it's ipfs, it points to the content. If it's ipns, it points to a changeable link to the content, but one that is made consistent through the network, preventing the trick of making it differ based on the referrer.
- frollogaston 3mo agoI still don't count it because NFTs have seemingly died off in popularity. If there were tons of money staying in NFTs, regardless of how silly I think it is, I'd consider that an important use case of IPFS.
- benatkin 3mo agoI don't think it matters if it's silly. I think it's highly successful, and that the success is continued. CryptoPunks is a clear example of genuine use of NFTs that still is an elite thing today, but another example is needed. I'll use this: if you go to Bored Apes and sort by recently sold, and look through them, you can see that there would have to be a lot of manipulation to have them rated in quality like they are. It just isn't plausible to me that a huge amount of those are self-dealing. If people were self-dealing, there would be a bunch of less cool ones with high prices, in order to try and get people to pay more for them. https://opensea.io/collection/boredapeyachtclub?sortDirection=desc&sortBy=last_sale_date https://opensea.io/collection/boredapeyachtclub?sortDirectio...