Torrent website called NFT Bay re-ignites controversy over non-fungible tokens – Bitcoin News


The crypto community has been discussing a new website called The NFT Bay, a portal that operates similarly to The Pirate Bay (TPB) because the platform hosts a large number of NFTs from various blockchain platforms for free. On Thursday, the creator of the portal revealed a document called “The Billion Dollar Torrent”, which claims to own all NFTs from Ethereum and Solana.

‘The Massive NFT Heist:’ Pirate Bay Clone The NFT Bay Sparks Heated Discussions

Last year, non-fungible tokens (NFT) collectibles became popular, and billions of dollars were spent on these digital items. At the same time, a large number of people in the encrypted space think that NFT is worthless, and people can own artwork without paying for it by right-clicking on the NFT image. Since the introduction of NFT, this has been a heated discussion.The debate became More controversial In March, the NFT immutability debate followed one after another, and cryptocurrency supporters emphasized the development of NFT Delete and replace image.

A few months later, as the number of NFTs continues to increase Both popularity and value, A person posted an interesting portal called The NFT Bay on Twitter. “Oh my God, who right-clicked all #NFT?” Personal Tweet Thursday. An individual named Geoff also left a torrent link hosted on The NFT Bay (theftbay.org) Is called “The Billion Dollar Torrent”, which contains all irreplaceable token assets derived from Solana and Ethereum.After this tweet received thousands of likes and retweets, Jeff said he was about to go to bed, but left some Press statement behind.

Portal site thenftbay.org.

The operation of NFT Bay is similar to The Pirate Bay (TPB) because the platform hosts a large number of NFTs from the blockchain platform. It contains a torrent link where users can use the torrenting platform to download torrent files. NFT Bay actually looks like a clone of TPB. It has the same website color arrangement and also uses the TPB logo. The homepage has a large number of individual NFT and NFT filters from the Bored Ape Yacht Club, Cryptopunks and Axie Infinity series.

The document named “The Billion Dollar Torrent” published by Geoff on Twitter contains a document based on Ethereum and Solana-based NFT. The description also said: “If you like these NFTs, please buy them. Artists involved in fraud deserve support.”

In Geoff’s press statement, it asked him why he decided to do so, and the reason given was “art.” In addition, after discussing his background, Geoff further explained the root cause behind thenftbay.org. The press statement on Github stated:

Fundamentally, I want people to learn through thenftbay.org to understand what people are buying when they buy NFT artwork, nothing more [than] Instructions on how to access or download [an] picture. The images are not stored on the blockchain. Most of the images I have seen are hosted on web2.0 storage, which is likely to end in 404, which means that the value of NFT is lower.

“The underlying technology is amazing, greed and fraud are disgusting”

In addition to the reasons behind the portal, Geoff also shared his overall view of NFT. Geoff believes that the utility and value of NFT will come from social media platforms.

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“For many digital representations> physical representations and (if/when) Twitter/TikTok (disharmony stay away from it) introduced the ability to show talent on social media profiles, this will be a turning point,” the press statement explained. Geoff further stated that the excitement about Twitter’s blue verification check mark is a perfect example of why verifiable proof of membership may be the key. “However, all of this,” Jeff emphasized. “It can be achieved without a blockchain.”

“The things people dream of building with’web3′ are amazing,” the creator of NFT Bay concluded. “The underlying technology, not so much, and greed/fraud is disgusting. Dreams of a different future reminds me of the Internet in the 1990s. What is fascinating is that the community is very powerful and can be self-funded to explore the stage. Pear Shape The place of figure is “We must get fresh blood” [a] Pump/dump. ‘”

The question is how much value people will invest in this so-called “NFT heist”, because people may simply treat the seed file as not a “real” and verifiable NFT. The dispute over verifying ownership and simply right-clicking on JPG or PNG files has been going on for a long time, and it still seems to be unresolved. In fact, in order to evaluate the authenticity and value of the NFT in the future, it may take the test of time, and it may even take several years.

What do you think of The NFT Bay and Geoff’s press statement about the project? Please tell us your thoughts on this topic in the comments section below.

Image Source: Shutterstock, Pixabay, Wiki Commons, NFT Bay website,

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