- Joined
- Sep 19, 2018
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- Joined SLU
- 02-22-2008
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When you buy an NFT you've paid for a hyperlink to an image that's hosted online - on some Google Drive somewhere, for instance, a host usually owned by or under the account of the NFT exchange you bought it from.
That URL is included as part of the "digital receipt" that proves your "ownership" and since the receipt exists in "the blockchain" it is indelible; so for instance if you buy an NFT of an image, download that image to your computer, and re-upload it with your own or a different host, the "receipt" doesn't cover the re-hosted image - as far as the blockchain is concerned it's not the original NFT anymore, it's just a random copy, and you can no longer prove it's the NFT that you "own".
Now you may be thinking, "well geez, what if the original image host goes down or the URL expires or something?" and, well, lol.
That URL is included as part of the "digital receipt" that proves your "ownership" and since the receipt exists in "the blockchain" it is indelible; so for instance if you buy an NFT of an image, download that image to your computer, and re-upload it with your own or a different host, the "receipt" doesn't cover the re-hosted image - as far as the blockchain is concerned it's not the original NFT anymore, it's just a random copy, and you can no longer prove it's the NFT that you "own".
Now you may be thinking, "well geez, what if the original image host goes down or the URL expires or something?" and, well, lol.



















