NFT

1

Rarible

There is nothing stopping an artist from minting more art, and it will devalue their artwork. NFTs record the date they were minted, but on marketplaces like OpenSea it isn't really possible to tell when it was minted, and hence isn't really done as far as I have seen, especially if advertised as 'limited edition'. ERC-721 (NFTs) do not have a hard-cap limit on the total supply. Marketplaces like Rarible however do show when the individual NFT has been minted and the history of ownership of the NFT.

#Art #Crypto #Content Creation 79 social mentions

2

OpenSea

There is nothing stopping an artist from minting more art, and it will devalue their artwork. NFTs record the date they were minted, but on marketplaces like OpenSea it isn't really possible to tell when it was minted, and hence isn't really done as far as I have seen, especially if advertised as 'limited edition'. ERC-721 (NFTs) do not have a hard-cap limit on the total supply. Marketplaces like Rarible however do show when the individual NFT has been minted and the history of ownership of the NFT.

#Crypto Marketplace #Crypto #Art 587 social mentions

3

IPFS

The URI 99.999% of the time are stored on the InterPlanetary File System (IPFS), which is a decentralized peer-to-peer network that ensures that such content will not disappear so easily, if at all.

#Cloud Storage #File Sharing #Blockchain 288 social mentions

4

Ethereum Name Service

Imagine if the original Mona Lisa wasn't created physically, but instead digitally. Let us say that URI to the artwork in question is denoted X, and that anyone can manually point their web browser at X to see the original in all of its glory. Someone can also save X and create a direct copy X', and host it on some other web service. All original minted NFTs pointed to the original X (note that this original, hosted on IPFS, is immutable and cannot be changed); as well IPFS prevents duplication of files being uploaded and so it is impossible to upload an exact copy on IPFS, hence X' would not be available on IPFS. If every person were to agree that official artworks are hosted on IPFS, then only the original author's artwork, hosted at X, will be recognized as real, since it is impossible to host X' on IPFS. The NFT refers to ownership of the original, and tracks when it was created, and which address (artist's official address, which can be tied to an Ethereum Name Service (ENS) domain such as 'artist.eth' to make it extremely apparent), which establishes it as legitimate.

#Crypto #Web App #Crypto Marketplace 188 social mentions