Anyone can Torrent Blockchain Worth Replicas into JPEGs using ‘The NFT Bay.’
“The NFT Bay” allows nearly anyone to download up to 20TB of non-fungible token replicas in JPEG format from a blockchain.
Anyone can torrent NFTs using the NFT Bay.
The website, which claimed to include all of the NFTs available on the Solana and Ethereum blockchains, emerged out of nowhere.
According to The Verge, the site’s appearance is a carbon duplicate of an infamous pirating platform that even has a DMCA takedown link.
The new website, which goes by the moniker “The NFT Bay,” has even copied the original pirating website’s logo.
Furthermore, the website’s homepage included popular NFT collecting options with high price tags, such as the Bored Ape Yacht Club, CryptoPunks, and the earn-to-play game “Axie Infinity.”
‘The NFT Bay,’ as it’s known.
According to a report by Kotaku, Geoffrey Huntley, an Australian software and dev operations engineer, was responsible for the riff off on a legendary pirate website containing NFTs.
In an interview with Kotaku, Huntley described “The NFT Bay” as “an instructional art project” that aims to illustrate what NFTs are all about.
The man behind “The NFT Bay” went on to say that some people pay a lot of money to download or access a single picture file.
Some NFTs aren’t even “stored on the blockchain,” according to the Australian software developer. “The majority of photographs I’ve seen are hosted on web 2.0 storage,” he stated instead. As a result, the NFT’s value is likely to be lower than its selling price in such circumstances.
Read also: The Best New Cryptocurrencies to Look into in September 2021: ‘MemeKiller,’ ‘Project DogeX,’ and More
NFT’s Rapid Ascension
It’s worth noting that the market for NFTs has been exploding in terms of growth and revenues, with secondary sales reaching a stunning (dollar)10 billion last October 6.
Meanwhile, thanks to enormously popular projects like the CryptoPunks and the “Axie Infinity,” the buzz surrounding NFT sales had already risen to (dollar)900 million in August.
Not to add that at their peak, the prices of NFT artwork collections such as the CryptoPunks and the Bored Ape had surpassed (dollar)10 million.
Gaming and NFTs
Furthermore, following the success of “Axie Infinity,” NFTs have inundated the gaming landscape with many play-to-earn games that appear every now and then.
In fact, a recent study revealed that this is becoming increasingly true. News from Brinkwire in a nutshell.