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by m12k
1696 days ago
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An NFT is basically a link to a URL stored on a blockchain. Websites can host an artist's image at a specific URL and help them sell the NFT as a kind of "crypto-autograph" for the artwork. It doesn't mean the actual artwork gets stored on the blockchain, it doesn't actually transfer ownership or copyright to the work, and it doesn't prevent e.g. the servers actually hosting the artwork from going down. It's basically a digital commemorative plaque that says "The owner of this token "bought" the artwork at [URL]". |
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