If you really want to understand the whole thing the Folding Ideas video Line Goes Up is a great, if a bit long, breakdown.
The short of it though is that if it seems nonsensical and you don't understand it you already understand it more than most of its proponents. The more you learn about NFTs and crypto the stupider it gets.
So to be totally clear, because I'm not super tech savvy, if the hosting site goes down the NFT effectively becomes a link pointing to nothing?
That's correct
But that's stupid
so is turning the planet to ash for the fleeting benefit of a tiny handful of people, but here we are
Hilarious. Good thing they can save a copy as a backup!
If you really want to understand the whole thing the Folding Ideas video Line Goes Up is a great, if a bit long, breakdown.
The short of it though is that if it seems nonsensical and you don't understand it you already understand it more than most of its proponents. The more you learn about NFTs and crypto the stupider it gets.