An Australian artist and programmer created a website claiming that it allows people to download “every NFT” on the Ethereum blockchain at once. NFTs are digital tokens that proponents say can prove ownership of digital goods – including works of art.
So many have sold for hundreds of thousands of dollars, although anyone can see the attached artwork. Jeffrey Huntley, who created the piracy website NFT Bay, said he wanted to show people what they were buying.
According to technology news site Motherboard, Mr. Huntley imitated Pirate Bay, a website notorious for software and film piracy.
NFT Bay proposes to offer “all NFT from Ethereum and Solana” the two cryptocurrency networks. In a vast 17 terabyte (TB) file. Critics of the NFT point out that anyone can access. Download and copy the digital artwork associated with the “Property Symbol.”
“Today, NFT art is nothing more than a guide on how to access or download images. Images are not stored on the blockchain,” Huntley said. However, cryptocurrency proponents say owning an NFT has leverage and a right to brag – and just right-clicking and saving an image are not the same thing.
While the NFT Bay download includes an image of the NFT artwork. It does not have a “proof of ownership” digital token. Huntley hopes the website means “future generations can learn from this generation’s tulip craze”. A reference to one of the most famous examples of a financial bubble.