Neither of you are correct, technically, although you shouldn’t feel bad about that as it’s what 99.9% of people think. An NFT is a representation of ownership on the block chain ledger. It can represent ANYTHING, houses have been sold as NFTs as well as many other things.
I’m curious about the claims of the guy above you as well, I certainly don’t know for sure, but I don’t see why it should take incredible amounts of energy to maintain block chain, and it sounds like that user is conflating crypto mining with NFTs.
Note: I am not promoting either, please don’t buy crypto or pointless NFT images!
I’m glad some people understand beyond the headlines, I think NFTs could be really neat as a way to have some sort of in-game item or w/e, fully transferable and all that 🤷♂️
Especially since most nfts I’m aware of are on the ethererum blockchain, which now uses orders of magnitude less electricity from the switch off of PoW
I thought an NFT was just a link to an image and didn’t actually contain the image itself?
Yes. The data for the image isn’t hosted in the block chain of the NFT. The NFT is basically an unfalsifiable digital signature of authenticity.
They’re popularly used for digital art, but can be paired with any technology as a digital signature.
Neither of you are correct, technically, although you shouldn’t feel bad about that as it’s what 99.9% of people think. An NFT is a representation of ownership on the block chain ledger. It can represent ANYTHING, houses have been sold as NFTs as well as many other things.
I’m curious about the claims of the guy above you as well, I certainly don’t know for sure, but I don’t see why it should take incredible amounts of energy to maintain block chain, and it sounds like that user is conflating crypto mining with NFTs.
Note: I am not promoting either, please don’t buy crypto or pointless NFT images!
I’m glad some people understand beyond the headlines, I think NFTs could be really neat as a way to have some sort of in-game item or w/e, fully transferable and all that 🤷♂️
Especially since most nfts I’m aware of are on the ethererum blockchain, which now uses orders of magnitude less electricity from the switch off of PoW
You’re right but I was assuming NFT dorks would pull up their NFT wallet (?) and click them