A brand new web site referred to as The NFT Bay claims to have right-clicked and saved each NFT on the Ethereum and Solana blockchain networks as JPEG information, stirring up a debate on what makes NFTs so helpful.
The web site was created by Geoff Huntley, who described himself as “a software program engineer and DevOps engineer with a ‘Jack-of-All-Trades’ background.”
?OMG WHO RIGHT CLICKED ALL OF THE #NFTs?☠️
??☠️ https://t.co/o0YRK78AkL ?☠️?
— ?☠️ thenftbay.org ? ?? (@GeoffreyHuntley) November 18, 2021
“Do you know that an NFT is simply a hyperlink to a picture that’s often hosted on Google Drive or one other Web2.0 webhost?” Huntley wrote in The NFT Bay’s description. “That’s why you possibly can right-click save-as as a result of they’re normal photos. The picture shouldn’t be saved within the blockchain contract.”
In keeping with The Verge, the positioning options a torrent file that may will let you obtain a file referred to as “preview.jpg” containing a number of JPEG photos of Bored Ape NFTs. There are additionally zip information mentioned to comprise all the NFTs from the Ethereum and Solana blockchains — about 20TB of knowledge.
In a press statement posted to GitHub, Huntley mentioned he thought of the initiative to be “an academic artwork challenge.”
“Essentially, I hope by [The NFT Bay] individuals study to grasp what individuals are shopping for when buying NFT artwork proper now could be nothing greater than instructions on easy methods to entry or obtain a picture,” he wrote.
The challenge has impressed a heated debate in regards to the worth of NFTs, claiming that NFTs are, essentially, simply JPEG photos that may be downloaded and shared with the lots. A number of NFT fanatics and house owners replied to Huntley’s unique tweet, defending NFTs and explaining that The NFT Bay doesn’t change the worth of NFTs, since proof of possession is saved on the blockchain.
In different information, the buyer of a $3.4 million USD Bored Ape NFT spoke to HYPEBEAST about his motivations.