Wednesday, August 17

Developer offers all Ethereum and Solana NFTs for free


Key facts:
  • The archive, which is close to 20 TB, has tens of millions of NFT images.

  • The developer created the repository for educational purposes on non-fungible tokens.

With the creation of the website The NFT Bay, a parody of The Pirate Bay, Australian developer Geoffrey Huntley is offering visitors a nearly 20 TB downloadable archive with the images associated with the non-fungible tokens (NFTs) that he was able to find on the Ethereum and Solana blockchains. Taking into account the high prices of the most notable NFTs, Huntley called this file the “$ 1 billion NFT collection.”

Huntley ad on Twitter on November 18 the availability of the voluminous NFT file, using the almost untranslatable expression in a single term: right-click (click with the right mouse button). The expression refers to the action of pointing to an image that you want to save on your hard drive. «Guess who right-clicko all NFTs? ”Huntley’s tweet reads.

The humorous tone that Huntley uses in that question can reflect two ideas. On the one hand, there is a mockery of the idea that the NFT gives property rights to an image, a video or a file. It also implies that the important thing is not the image or the video, but the unique token that represents them.

The programmer emphasizes that acquiring an NFT implies receiving instructions on how to access or download a certain image, but there is no exclusivity on said image. There is another peculiarity about an image that is downloaded from a web server: the copy is identical to the stored original. But a non-fungible token or NFT is a cryptographic token that – it is said – represents a unique, unrepeatable asset limited in its quantity.

Huntley explained to the Argentine newspaper Clarín that each NFT token has the information of the server where an image is stored, and that the Ethereum blockchain can be examined in 10 hours in search of those addresses.

On the site TheNFTBay.org, with a design very similar to The Pirate Bay, one of the most popular sites for downloading movies, books and software, it is specified that the images corresponding to the NFTs in Ethereum total 13.5 TB. The referenced images on Solana’s blockchain total 4.2 TB. If the average size of the images is 1 MB, the archive compiled by Huntley would host about 17 million images.

The collection of images, which not many personal computers can download, given the limitations of hard drives, was converted by Huntley into an NFT. The token was named The collector it becomes collected. Huntley has an unconventional lifestyle, lives in a van and is constantly on the road to Australia.

The NFT categories featured on the page are the most popular of these types of assets. These include CryptoPuppies, CryptoPunks and NFTs associated with the Axie Infinity game. You can also check the most recent or the list of the 100 most popular.

Are the NFT assets safe haven?

The great NFT boom generates opposing positions. There are those who think that it is a bubble and that it will decline over time. On the side of the defenders, it highlights the testimony of the buyer of 104 tokens from CryptoPunks’ collection of tokenized faces for USD 7 million, commented on by CriptoNoticias.

The user, identified by his Twitter account, @ 0x650d, stated that he believes in NFTs as safe haven assets. The collector believes that by increasing demand for scarce assets in an increasingly digitized world, acquired punks will make the most of it.

TheNFTBay contains a compilation of millions of images and videos associated with NFT on Ethereum and Solana. Source: TheNFTBay.com.





www.criptonoticias.com