this post was submitted on 20 Aug 2023

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Web3 is here and it's glorious (lemmy.world)

submitted 1 year ago by qaz@lemmy.world to c/memes@lemmy.ml

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[–] kautau@lemmy.world 20 points 1 year ago* (last edited 1 year ago) (1 children)

The JPEG isn’t even on the blockchain for the majority of NFTs. It’s just a URL to a JPEG on a server someone else owns. If they take down the server, sell it, it gets hacked, the url scheme changes, etc someone is now the proud owner of a broken link lol

[–] nao@sh.itjust.works 3 points 1 year ago

It’s just a URL

If that’s the case it makes it even more surprising anyone would see any value in that.