know them good, here's a question I have for you (if you're kind enough to grace me with your knowledge)
When someone creates an NFT which for this example we'll say it's linked to an image
If anyone else takes that same exact image and tries to tokenize that, what happens? Is the second person able to create a duplicate?
It wouldn't be a duplicate, NFTs are unique, but it could have the same photo. That's the problem of picture based nfts
Isn't that a problem with ANY object based on NFT? Can you give me an example of anything to be linked with NFT that can't be duplicated?
It's not a problem at all, unless your NFT is just a png uploaded on ipfs, but still there is proof of ownership and there is a way to check if it's the legit one. A NFT game for example, let's suppose each character is a nft, that means each character traits are either written to the blockchain(which you can check if its legit) or it has an unique seed.
Basically, think of some aspects of NFTs the same way you would think of a token. You can't just duplicate a token can you? You could create one with the same name, but it's a fake one.
Great, but someone can create an identical copy of that game with the same exact characters in it and tokenized so that all of the new character are his.. even if he's not the right author And since he would be able to do a legit tokenize, linking a character of the videogame with the token, he could also proof that he is the legit owner of those.. or not?
No, i'm not taling about the token duplicates.. that's not my point The token doesn't have any value without the asset it's liked to If that asset can just be duplicated and liked to a different token How is that any good?
Of course not. Let's suppose you have game xyz, if someone creates a website that interacts with the game xyz, they will be pointing towards this game contract address. The spoofed one you mentioned would be running on another contract, which can be easily spotted as fake.
You got what I meant wrong, tokens and NFTs are literally the same thing in the concept of proof of ownership, transfer. You can't duplicate a NFT, all you can do is mint on another contract a NFT with the same characteristics, but no one will interact with your fake contract.
What you are saying is based on that game being created in the 1st place by a bigger entity than the one who "steals it" and used (or pointed at) by a 3rd party software or website.. which I don't like in this particular example Imagine this example: the creator of the game which 1st decides to use those NFTs characters is an unknown, someone who isn't known by anyone and doesn't have anyone who would like to point at his game or even only NFTs for that matter Than a big company one day just stright up duplicates that game (which was 100% unknown) and uses its much bigger influence to make people actually use that game.. they can indeed prove that their new NFTs linked to a character that doesn't belong to them but instead to the "small guy", is actually theirs.. and they can prove that by just showing the token linked to that asset
How? You literally could just show the mint date of your contract is earlier and that the "bigger project" is outright copying you, this would ruin their name. If you are interested in this, you should learn a bit of Solidity, You can't tokenize other people NFTs without having the NFTs yourself. The only way to do all that you mentioned, is creating another contract copying the metadata of the original NFTs, which as I said, is absurdly easy to expose.
Big companies have the power to influence people's opinion on various things.. just think about people who actually think Apple invented the 1st computer or the 1st smartphone.. so I don't think they would be scuffed at all by a no name pointing his finger at them But anyways that was just an example, the point I had was that you could only prove that your one was the 1st one created but this doesn't also mean that it's more valuable, as value it's not only dependent on that for sure
It doesn't matter if someone points a finger to them or not, if it's not the authentic token or nft, the ones minted by the company will have no value. The ledger is public. Value on the cryptocurrency environment is literally dependent on being "the one". A fake token won't have the value of the original one, same as a NFT. If you create a fake token or NFT it will have no value unless you manage to scam someone.
Ok, it's the 3rd time now I'm finding the same sentence I am not willing to agree with just written in a different form That being that the 2nd NFT ("fake one") can't be more valuable than the 1st one ("original").. value of any NFT is also linked to the creator, to his/her/its background and influence.. the fact that it's original or not surely does matter but it's not the only aspect that could change anything, cause again, the token itself has no value (saying that my token is more valuable cause it's on the "main" 1st contract is wrong), it's the asset linked to it and its "creator" that gives that token a value I am understanding your position but I do think it's wrong and I am 100% sure I will not ever concede on accepting that sentence as truth, it's just not going to happen and since there seems to be a stall situation where we both keep repeating the same thing with different words this clearly won't bring anywhere 😅 But I liked talking about that with you, it was instructing in some sort of way, so thanks 👀👍🏻
Your first paragraph makes no sense. I don't know how can I put that in simple terms, but the situation you are describing is not realistic, there's not a single instance of this happening on a large scale. And I'm not in favor of most ways NFTs are used, quite the opposite. If there's something you think I need to clarify just let me know, I'm a solidity dev.
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