RE: Art NFT's Are Going Missing
You are viewing a single comment's thread:
I haven't run into this issue but I could definitely see it as an issue. So I definitely think the NFT sites should definitely create back-ups. If something goes down, there should be some way to get it back. But who knows whether or not I am right because I am not an expert in that field.
Posted Using LeoFinance Beta
0
0
0.000
It’s not about getting it back, the image can always be referenced and hosted on another URL it’s that the tokens meta data minted into the blockchain which is supposed to be the permanent part of it now references something that no longer works/exists
So does this now make the token worthless? Can the token be rewritten? That would defeat the purpose of an NFT then wouldn’t it
Seems like quite the pickle for those advocating the tech
Posted Using LeoFinance Beta
I think NFTs in games like Rising Star and others can be overwritten but I am not knowledgeable about those stuff. It might just be the fact that you can't change it after making it.
Posted Using LeoFinance Beta
Wouldn't it be good if the data could be written on the blockchain itself. Yes, it would increase the cost of minting an NFT - but for NFT's that are worth a serious amount of money it might be worth it?
Or could an image have part of the blockchain reference embedded in it thereby making it unique - not sure how this would work (and why it couldn't be "copied") but just an idea.
Posted Using LeoFinance Beta