this post was submitted on 12 Jun 2023
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As much as I'm interested in crypto I hate the bizarre idea of nfts. I'm glad they all but died out already.
I still have to come across one situation in which NFTs would be better than what we currently use.
If the data was actually stored in the blockchain, then it would have some chance of being valuable, but every NFT, except I believe Bitcoin's newest, just stores a link in the chain which links to the image or whatever. As long as that's the standard it's not going to see use by anyone but scammers.
While I wouldn't say it would make things like drawings of monkeys with different backgrounds valuable at the very least it would have made them truly decentralized instead of these [random-blockchain-company]-dependent and ICANN-dependent scams
Exactly. A decentralized reference to a centralized server isn't decentralized.