NFTs are unique blockchain entries through which people can prove that they own something. However, the underlying images can be copied with a single click. This point is illustrated by The NFT Bay which links to a 19.5 Terabyte collection of ‘all NFTs’ on the Ethereum and Solana blockchains. And it comes with an important warning message too.
NFTs have been booming over the past year. People are willing to pay millions of dollars just to prove that they “own” a digital item that was worthless before.
These digital entries, stored on a blockchain, allow the buyers to prove that they are legitimate owners. While it’s different from a copyright, NFTs owners are rightsholders in a sense.
The NFT Bay
However, that doesn’t mean that other people can’t copy the associated files, which are often widely available. This is made pretty clear by The NFT Bay, which launched just a few hours ago. The site, which is clearly inspired by The…