4 ms·
The checksum of the asset is on the blockchain. the asset is somewhere else.
by 0x457 2mo ago
The checksum of the asset is on the blockchain. the asset is somewhere else.
- timcobb 2mo agoHmm I thought the asset is the block chain entry because that's what you have the key to, that you can re-sell to someone else. It's like crypto, no?
- uproarchat 2mo agoThe asset is more akin to a deed or a claim. Most NFTs are images hosted on S3 or IPFS. The blockchain entry is metadata with a pointer to the hosted asset.
- jdiff 2mo agoThe NFT is the metadata. The metadata is the token that cannot be funged. The image is a wholly separate thing that a token points at, and multiple tokens can point at the same thing just fine. NFTs be be funge-free but images are fully fungible.
- Macha 2mo agoThe value of the deed is it being backed by the legal system as proof of your ownership, up to potentially being enforced with government use of physical force.
- 0x457 1mo ago[flagged]