I was reading about this NFT thing on Ethereum: ethereum.org/en/nft
It is very interesting but I have doubts about its usage in real world, hopefully someone could give some light!
- The creator can mint any number of NFTs of his digital asset. What prevents him to sold his creation as unique NFT, say at the price of 1 ETH, and then mint 1 million of the same NFT making the price collapsed for the first buyer?
- The article explains that only the cryptographic proof of ownership of the NFT and some metadata are stored on the blockchain, while the actual NFT content is stored elsewhere (a generic server, a CDN, a cloud object storage, etc). So I imagine there is some sort of URI in the NFT metadata stored on the blockchain that should point to the actual "physical" asset. But links can be easily broken, the content could be moved elsewhere, or the storage service hosting the asset could stop to exist...In any of these cases the NFT is pointing to a broken resource, so it proves the ownership of nothing. How can we deal with scenarios like these?