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Cake day: June 14th, 2023

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  • aubertlone@lemmy.worldtomemes@lemmy.worldFTs
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    1 month ago

    I just remember looking into NFTS when they were gaining hype. There are a few real world use cases for them.

    However ultimately the NFT ended up leading back to a URL of the picture. I may be oversimplifying it a little bit but that’s basically how it worked.

    So the web hoster could just revoke the URL or set it to something else. So you don’t really own anything. I will have to look at the specifics of this “hack”. But this was always gonna be an issue.