I think this decentralization and federation is what web3 is all about, without all the corporations calling everything to do with monkey pixel art that costs a million dollars "web3"

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[–] ndr@lemmy.world 5 points 1 year ago (1 children)

I still have to come across one situation in which NFTs would be better than what we currently use.

[–] purplepony@lemmy.world 7 points 1 year ago (1 children)

If the data was actually stored in the blockchain, then it would have some chance of being valuable, but every NFT, except I believe Bitcoin's newest, just stores a link in the chain which links to the image or whatever. As long as that's the standard it's not going to see use by anyone but scammers.

[–] Mimo@discuss.tchncs.de 2 points 1 year ago (1 children)

While I wouldn't say it would make things like drawings of monkeys with different backgrounds valuable at the very least it would have made them truly decentralized instead of these [random-blockchain-company]-dependent and ICANN-dependent scams

[–] purplepony@lemmy.world 2 points 1 year ago

Exactly. A decentralized reference to a centralized server isn't decentralized.