A website established by an Australian artist and programmer claims to allow users to download “every NFT” on the Ethereum blockchain in one go.
In the cryptocurrency industry, non-fungible tokens (NFTs) are the latest trend. NFTs are digital tokens that supporters claim may be used to establish ownership of digital assets, such as artwork. Even though anybody may see the associated artwork, several have sold for hundreds of thousands of dollars. Taking advantage of the current fad, an Australian software developer has built “The NFT Bay,” an online archive of NFTs. The creator of the NFT Bay “piracy” website, Geoffrey Huntley, stated that he wanted to show customers what they were buying.
Mr. Huntley’s website is modeled after the Pirate Bay, a well-known software and movie pirate website, according to the tech news site Motherboard. The NFT Bay claims to have “all NFTs from Ethereum and Solana” – two different cryptocurrency networks – in a 17 terabyte (TB) file.
Artists can use NFTs to produce one-of-a-kind digital creations in whatever form they can imagine and sell them directly to fans and collectors via Blockchain.
However, right-clicking each NFT file to download it might be a time-consuming operation. As a result, Huntley came up with the idea to create a website that allows users to download a whole blockchain’s worth of NFTs. It’s called the NFT Bay, and it’s a near-identical replica of The Pirate Bay. Huntley’s site, according to many, might spark a lively debate about what it means to claim ownership of something on the Internet.
The NFT Bay claims to have “all NFTs from Ethereum and Solana” – two different cryptocurrency networks – in a 17 terabyte (TB) file.
Ethereum is a decentralized, open-source blockchain with smart contract functionality.
Critics of NFTs point out that the digital artwork associated with the “token of ownership” can be accessed, downloaded, and copied by anybody. “Right present, NFT art consists solely of instructions on how to access or download an image. The picture isn’t saved on the blockchain “Mr. Huntley stated. Proponents of cryptocurrencies, on the other hand, argue that holding the NFT confers prestige and bragging rights, and that simply right-clicking and saving an image is insufficient.
While the NFT Bay download includes photos of NFT artwork, no digital tokens that “prove ownership” are included.