Are NFTs the Next Tulip Bubble? Kenny Schachter Doesn't Care—and He Sold His Own Grandma on the Crypto Web to Prove It
, Mar 10, 2021 I was bound to get a couple of things wrong last time, on the tech side anyway—but thankfully most denizens of the art world aren’t savvy enough in that regard (yet) to have attacked me for it, as they are wont to do. The art part of NFTs don’t live on the blockchain, but rather on the InterPlanetary File System (IPFS, see glossary), which is a peer-to-peer computer network for storing and sharing data in a distributed fashion. There are many potential problems on the horizon for which no ready answers seem to exist. What if the IPFS is hacked, or the businesses ...
Source: artnet.com