Torrent website called NFT Bay sparked controversy about non-fungible tokens-

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torrent website called nft bay sparked controversy about non -fungible tokens

There is a new website that the crypto community has discussed, called the NFT Bay, a web portal that works like The Pirate Bay (TPB) because the platform hosts a huge selection of NFTs from various blockchain platforms free of charge. On Thursday, the creator of the web portal revealed a file called "The Billion Dollar Torrent", which claims to contain all NFTS of Ethereum and Solana.

"The massive NFT says:" Pirate Bay Clone the NFT Bay provides heated discussions

Last year did not experience fungable tokens (NFT) collector's pieces an enormous popularity and billions of dollars were spent on these digital objects. In the meantime, many people in the crypto room think that NFTS are worthless and people can simply click on the NFT image with the right mouse button and have the work of art without paying. There has been a heated discussion since the introduction of NFTs. The debate was still controversial in March, in March, As a debate about the unchangeability of NFT, and crypto-supporter highlighted how NFTS are made deleted and pictures were replaced .

months later, since NFTS continue to rise in Popularity and value , tweeted a person about an interesting web portal called the NFT Bay. "OMG, who right -clicked on all #nfts?" the individual tweeted on Thursday. The person named Geoff has also left a torrent link who on The NFT Bay ( thenftbay.org ) called "The Billion Dollar Torrent", which houses all of the non-fungable token-assets from Solana and Ethereum. After the tweet received thousands of likes and retweets, Geoff said that he went to bed, but left some left press explanations behind.

The web portal OneTftbay.org.

The NFT Bay works similarly to The Pirate Bay (TPB), since the platform hosts a huge selection of NFTS that come from blockchain platforms. It contains a link to the torrent, through which users can use a torrent platform to download the files set. The NFT Bay actually looks like a clone from TPB and has the same color arrangements on the website and also uses the logo of TPB. The main page contains a series of individual NFTs and filters for NFTs from collections such as Bored Ape Yacht Club, Cryptopunks and Axie Infinity.

The file "The Billion Dollar Torrent", about which Geoff has tweeted, contains a file for Ethereum-based and Solana-based NFTS. The description also says: "If you like these NFTs, please buy them. The artists involved in fraud earn support."

In Geoff's press explanations, it is asked why he has decided to do so and "art" is given as the reason. In addition, after discussing his background, Geoff explained a little more about the basic reason of Denftbay.org. The press releases hosted on Github:

Basically, I hope that people learn through thenftbay.org what people buy when they buy nft art is no longer [than] instructions for accessing or downloading [to] picture. The picture is not saved in the blockchain and most of the pictures I have seen are hosted on a Web2.0 memory, which is likely to end as a 404, which means that the NFT has even less worth.

"The underlying technology is amazing, greed and fraud are disgusting"

In addition to the reasons for the web portal, Geoff also shared his general opinion of NFTS. Geoff believes that the benefits and value of NFTS will come from social media platforms.

"For many digital representations is> physical representation and (if/if) Twitter/Tikkok (averted vigor) The possibility to show flair on a social media profile what a turning point will be," says the press explanations. Geoff continued to say that the excitement about the blue verified checkered by Twitter is a perfect example of why a verifiable proof of membership could be the key. "However, all of this," emphasized Geoff. "Could be reached without a blockchain."

"What people dream of building with 'Web3' is pretty amazing," closed the Creator from NFT Bay. "The underlying technology, not so much, and the greed/fraud that is going on is disgusting. The dreams for another future are reminiscent of the Internet in the 1990s. The fascinating here is that the communities are very strong and can finance the discovery phase themselves. Where it goes into the pear form, if" we have to get new blood in "[a] pump/empty.

The question is how much value people will put on this so-called "NFT robbery", since people simply ignore the torrent files as not the "true" and verifiable NFTs. The controversy about the verified possession and the simple click with the right mouse button on a JPG or PNG file has been raging for some time and is apparently still unsolved. In fact, it can only take a test of the time, possibly even years to assess the truthfulness of NFTs in the future and also its value.

What do you think of the press explanations of The NFT Bay and Geoff to the project? Let us know your opinion on this topic in the comments below.

Photo credits : Shutterstock, Pixabay, Wiki Commons, the NFT Bay-Website,