Inadvertently Fungible

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A: So NFTs — at least, the kind everyone is talking about — are basically pointers in the Etherium blockchain that identify specific instances of web graphics?

B: That’s right. Storing the location of the image makes it non-fungible, since no other instance of that image can have the same address.

A: Actually it can.

B: No, it can’t.

A: It absolutely can. You could set up a load balanced site that has a full copy of the graphic on each load balanced server. The NFT URL would get you to the load balancer, and the load balancer would determine which copy of the image it would redirect you to based on available bandwidth.

A: I suppose you could make the argument that only one instance of the web graphic is the “real” one, but there’d be no way to tell from the blockchain’s perspective.


B: You are my least favorite circle today.