Are NFTs really Non-Fungible?
I was thinking about getting some NFTs in the NFTSHOWROOM because I was amazed by the art works I found there. Never knew art was this beautiful probably because I haven’t given myself the opportunity to explore them. While exploring I had a thought and I decided to share it, I hope I get responses and shared knowledges from people in their comment.
So we all know that NFTs are Non-Fungible Tokens embedded on a blockchain. That is they can’t not be more than one of that NFT. The most popular blockchain platform used for minting NFTs right now are Ethereum, Binance and my favorite Hive.
My question goes like this, isn’t it possible for one to create one same particular NFT on the Ethereum Blockchain, Binance Blockchain and Hive Blockchain. So now you are having the same NFT but in different blockchains. If NFTs are meant to be Non-Fungible, this looks very Fungible to me. Same media different blockchain, now you have three or more copies of the same media. They all look alike now, but different blockchain, so they are very Fungible.
Except there is a technology that flags a copyright act in terms of blockchain NFT. This means that all blockchain will have to register to a protocol that will register the data base of their blocks in a blockchain to prevent a media copy right or a media duplication. Or there is an algorithm or a system that cross check’s and register all NFTs to make sure there is no media duplicate. If this is possible then the authenticity of NFTs are guaranteed.
If you like the above NFTs, you can check more out on the Hive’s NFTSHOWROOM
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