The NFT market is suddenly gaining popularity in the 2020s. Even though there are scammers who want to copy the products on the market and sell counterfeit goods, why is it said that copying is useless? I’ll explain why.
Why it makes no sense to screenshot or copy NFTs
There are various works such as NFT art, music, and videos, but there must be some people who are trying to copy and sell the works. However, there is a reason why it is meaningless to screenshot or copy NFT. It’s something like:
NFT is a technology that distinguishes the real thing
NFT is a technology for distinguishing genuine digital data. Therefore, it is easy to know whether the product is a copy or a genuine product. NFT makes it possible to engrave on the blockchain that the work is genuine. A work is given a “token”, and it is possible to know when, who traded, how much, and who owns it.
Even if it is copied, it can be proved
NFT can be copied itself. NFT is not a technology to prevent copying. NFT can engrave the fact that it is genuine in digital data. This will tell you if it has been copied or not. Even if it is copied, there is no problem as long as it is “authentic proof”.
What to do when NFT is copied
There is a problem of what to do if the NFT is copied. NFT is not designed to prevent copying itself, so copying itself can be done. So how should we deal with it?
Disclose transaction information
Owner information can be found in the NFT. If it is copied, you can reveal the transaction information on the blockchain and the answer will be there. Since blockchain transaction information cannot be tampered with, accurate information remains firmly in place.
NFT screenshots and copies are useless
NFTs are guaranteed to be original by blockchain technology. Even if you did something bad and mass-produced fakes, it’s obvious. You can make screenshots and copies, but since there is only one real thing, it will create a worthless fake, and it will end up being a waste of effort. That’s why scammers have a hard time.
NFT market is growing
The NFT market is currently expanding. Around 2019, NFTs became popular all over the world, reaching $ 24.5 million in 2019, $ 82.5 million in 2020, and $ 1.7 billion in 2021. It is a market that is expected to continue to grow in the future.
Gate.io allows you to enter the NFT marketplace. First of all, you will be able to participate after opening an account. If you are interested, please refer to the following articles.