Hours ago a website popped up online with the express purpose of hosting a nearly 20TB torrent (that’s terabytes, folks, the big boys in digital data metering) that contains every NFT available on the Ethereum and Solana blockchains .
The NFT bay, whose name and general design riff in the iconic torrent database The Pirate Bay is the work of one Geoffrey Huntley, an Australian software and development engineer. In a frequently asked questions document Huntley was written for annoying reporters like me and describes The NFT Bay as an “educational arts project” aimed at teaching the public what NFTs are and what they are not in the hope that fewer people will be betrayed by the technology’s myriad crooks.
“Basically, I hope that when people learn to understand what people are buying when they are buying NFT art, it is nothing more than a guide on how to access or download an image,” said Huntley. “The image is not stored on the blockchain and most of the images I’ve seen are hosted on Web 2.0 storage, which will likely end up as 404, which means the NFT is worth even less.”
Huntley’s main inspiration for The NFT Bay was Pauline trouser down, the drag personality of Australian satirist Simon Hunt who parodied controversial politicians in the past Pauline Hanson because of Hanson’s right-wing politics.
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“Sometimes the wrong things get airtime and the only way to get to the core is through art,” Huntley said added
NFTs (or non-fungible tokens) was the talk of the city last year, rapidly growing followers, although the reputation of the technology has declined. And while most of the backlash has been limited to social media jokes about being stolen from NFTs by Right click and save the (usually awful
Last month, Steam prohibited games it had something to do with NFTs or cryptocurrency, which led 26 developers to send Valve what my colleague Luke Plunkett aptly described “A very sad letter” whine about the company’s decision. Xbox boss Phil Spencer recently NFTs labeled as “exploitative” during an interview with Axios. But unfortunately for every Valve, Xbox and independent developers Reject NFTs, there is also one Ubisoft, Sega, and Square Enix happy to get into the grip.
“[NFTs] are only valuable as tools for money laundering, tax evasion and major investment fraud, ”wrote the computer scientist Antsstyle in a damning criticism the technology that long version of which is perhaps the most complete breakdown of the evils caused by NFTs, cryptocurrency, and the blockchain they operate on. “NFTs have no real value. Their sole purpose is to artificially reduce a work of art in order to supposedly increase its value. ”
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