Your NFT is just a URL | NFT Explained

🎥 Video Link Links referenced for video https://opensea.io/assets/ethereum/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/3559 - NFT used in example https://etherscan.io/address/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d#readContract - NFT example Etherscan contract https://ipfs.io/ipfs/QmeSjSinHpPnmXmspMjwiXyN6zS4E9zccariGR3jxcaWtq/3559 - NFT example IPFS data (JSON) https://ipfs.io/ipfs/QmQHfJJiCuHuyAEgm12SmbQ7tzDiX3xtYGgzvupj3PEeJp - NFT example IPFS image https://opensea.io - OpenSea | NFT Marketplace https://futurism.com/logan-paul-nft-game/ https://www.wired.com/story/no-one-will-escape-the-ftx-fallout/ https://rameerez.com/no-your-nft-not-on-the-blockchain/ https://medium.com/coinmonks/how-to-find-your-nft-on-ipfs-e51bc5e7c8a1 https://www.theverge.com/2021/3/25/22349242/nft-metadata-explained-art-crypto-urls-links-ipfs https://www.researchgate.net/figure/How-the-BitTorrent-Protocol-Works_fig9_220080811 - Bittorrent Diagram Transcript Please excuse any grammatical errors. I used a tool to generate the transcript and haven’t had a chance to read through it yet. ✔️ Maybe you’ve heard or maybe you haven’t, but there is ongoing drama in the crypto space. Not even necessarily drama, just mind-blowing behavior from Logan Paul to SPF with FTX. All of this has reminded me of a topic I’ve wanted to make a video on: NFTs are not what they seem. These are photos I printed on a Kodak printer at CVS, but they’re being sold as NFTs. There’s a big misconception that when you buy an NFT, you’re buying the artwork, but that’s not true. The blockchain only confirms that you own the NFT, not the artwork. I heard someone say before that when you buy an NFT, you’re just buying a URL, but I never looked into it further. So today, we’re going to look into what you actually get when you purchase an NFT. I would say NFTs are the low point of crypto, but then something else happens and we reach a new low. ...

January 9, 2023 Â· 5 min Â· 871 words Â· Josh