The NFT Bay Shares Multi-Terabyte Archive Of Pirated NFTs - Slashdot

Nft bay.
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. ( UPDATE: One NFT startup is claiming that the collection is mostly just zeroes, NFT and does not in fact contain all of the NFTs.)
But the archive also delivered an important warning message too. TorrentFreak reports: "The Billion Dollar Torrent," as it's called, reportedly includes all the NFTs on the Ethereum and cryptocurrency Solana blockchains. These files are bundled in a massive torrent that points to roughly 15 terabytes of data. If you liked this post and you would like to acquire extra info regarding [ web site] kindly go to our own site. Unpacked, this adds up to almost 20 terabytes. Australian developer Geoff is the brains behind the platform, which he describes as an art project. Speaking with TorrentFreak, cryptocurrency he says that The Pirate Bay was used as inspiration for nostalgic reasons, which needs further explanation.
The NFT Bay is not just any random art project. It does come with a message, perhaps a wake-up call, for people who jump on the NFT bandwagon without fully realizing what they're spending their crypto profits on. "Purchasing NFT art right now is nothing more than directions on how to access or download an image. The image is not stored on the blockchain and the majority of images I've seen are hosted on Web 2.0 storage which is likely to end up as 404 meaning the NFT has even less value." The same warning is more sharply articulated in the torrent's release notes which are styled in true pirate fashion. "[T]his handy torrent contains all of the NFT's so that future generations can study this generation's tulip mania and collectively go. " it reads.