Launched NFT’s Torrent website, reaching more than 1.2 million users in just 10 hours
- The Pirate Bay version of NFT is here-NFT Bay.
- It gained 1.2 million users 10 hours after its launch.
- The creator called this “prank” an educational art project.
Australian software developer Geoffrey Huntley created a “pirate bay” for non-fungible tokens (NFT). The repository is called “The NFT Bay” and has a 17.96 TB copy of the NFT image. These JPEG versions received a total of 1.2 million copies in just 10 hours after their release.
The logo and layout of the site are the same as “The Pirate Bay”, which is a torrent site where users can download pirated media such as movies, music, and video games.
In an official statement, NFT skeptics explained that the stunt had an artistic purpose. Huntley describes it as an educational art project in which users will understand and reconsider “what they bought when buying NFT art.”
He further pointed out:
Fundamentally, I want people to learn through http://thenftbay.org what people are buying when they buy NFT artwork, it’s just instructions on how to access or download images. The images are not stored on the blockchain. Most of the images I have seen are hosted on web2.0 storage, which is likely to end in 404, which means that the value of NFT is lower.
At the same time, Steve Mitobi, CEO and founder of WestCoastNFT, an NFT development agency, disputed Huntley’s ideas. He said, “Most NFT standards are to use decentralized network storage technologies, such as IPFS or Arweave.”
IPFS or Interplanetary File System is a peer-to-peer network used to share and store data in a distributed file system. Therefore, Arweave is a global permanent storage solution that uses proof-of-access technology.
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