An Australian artist and programmer has created a website that claims to allow people to download “every NFT” to the Ethereum blockchain in one go.
NFTs are digital tokens that, according to supporters, can prove ownership of digital objects, including works of art.
Many have been sold for hundreds of thousands of dollars, although anyone can view the attached artwork.
Geoffrey Huntley, who created NFT Bay’s “piracy” website, said he wanted to show people what they were buying.
As reported by Motherboard technical news site, Mr. Huntley’s website is modeled after Pirate Bay, a well-known movie and software piracy website.
NFT Bay claims to offer “all Ethereum and Solana NFTs” – two cryptocurrency networks – in one huge 17 terabyte (TB) file.
NFT critics point out that anyone can access, download and copy the digital artwork attached to the “ownership token”.
“NFT art right now is nothing more than guidance on how to access or download an image. The image is not stored on the blockchain,” Huntley said.
However, proponents of cryptocurrency claim that owning the NFT brings power and bragging rights – and that simply right-clicking and saving an image isn’t the same thing.
Although the NFT Bay download contains images of NFT artwork, it does not contain any of the digital tokens that “prove ownership”.
Mr. Huntley hopes the website means “future generations can study this generation’s tulip craze” – a reference to one of the most famous examples of a financial bubble.
What are NFTs and why are some worth millions?
- September 23
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