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by benatkin 30 days ago
Moxie doesn't trash NFTs or Web3 in that article. He just points out some limitations of the ecosystem.

Also, ipfs directly fixes one of the bigger issues:

> Instead of storing the data on-chain, NFTs instead contain a URL that points to the data.

If it's ipfs, it points to the content. If it's ipns, it points to a changeable link to the content, but one that is made consistent through the network, preventing the trick of making it differ based on the referrer.

1 comments

I still don't count it because NFTs have seemingly died off in popularity. If there were tons of money staying in NFTs, regardless of how silly I think it is, I'd consider that an important use case of IPFS.
I don't think it matters if it's silly. I think it's highly successful, and that the success is continued. CryptoPunks is a clear example of genuine use of NFTs that still is an elite thing today, but another example is needed. I'll use this: if you go to Bored Apes and sort by recently sold, and look through them, you can see that there would have to be a lot of manipulation to have them rated in quality like they are. It just isn't plausible to me that a huge amount of those are self-dealing. If people were self-dealing, there would be a bunch of less cool ones with high prices, in order to try and get people to pay more for them. https://opensea.io/collection/boredapeyachtclub?sortDirectio...