As Non-Fungible Tokens (NFTs) are growing in popularity, you want to know how NFTs work and if NFTs can be copied or duplicated in any form.
In short, an NFT can be copied and pasted at any time, if it’s a photo or digital file. However, that doesn’t represent the smart contract associated with the NFT.
These define how the digital asset is categorized, who the owner is, and how anyone can use the NFT.
Can NFTs be Copied or Replicated?
NFTs can’t get replicated or copied due to their minting method that transforms, verifies, and registers ownership of the crypto asset using a smart contract on the blockchain. However, it is now possible to right-click and store NFTs with pictures, videos, or other digital data.
Each digital file gets unique with a different period, address, and contract codes in the metadata, making it easy to recognize when it’s not the original token and copied. The smart contract is the most important because they cannot replicate it.
Since anyone can see a transaction on the blockchain using the address, which is a sequence of 42 randomized characters, others can be detained accountable for an original or copied token.
In other words, NFTs are provable, and it makes belief among all parties involved because thousands of computers confirm it.
What Happens if Someone Copies NFT?
It’s not illegitimate to ‘right click and save’ NFTs, and there are no actions against persons to prevent it from happening.
However, some secondary marketplaces such as OpenSea and Rariable have teams monetizing to ensure it doesn’t happen on their platform.
More specifically, these teams are viewing for when users on those marketplaces create fake new accounts and try to sell screenshot copied NFTs as their own.
Each digital asset or NFT has a smart contract and is listed on the blockchain, making it difficult to prove it’s real or if it’s copied.
Why ‘Saving’ NFTs is a Problem?
People spend thousands of dollars for ownership of a certain NFT. Some feel others should not be let to make use of that NFT. Similar to their profile picture since they officially don’t own it.
Some consider it ‘stealing property’ and might reach out on social media with great frustration. Others joke at the fact that there’s a dispute around who can ‘use a photo’ on the internet.
Why is NFT Verification Important in the ‘Internet of Assets’?
Generally, the internet made copying files easy and consumable when required. However, NFTs are the full opposite. NFTs are non-replaceable.
The future of the internet classifies every digital file as ‘digital assets, containing photos, audio, video, and more. All are unique as a ‘Non-Fungible Token’ and measured like ‘property’ by validating the blockchain on a public ledger.
How Non-Fungible Tokens Resolve Duplication?
All NFTs are provable and can trace back to their origins. Non-Fungible Tokens using smart contracts stay a solution for avoiding or fighting against fraud when ownership, status, or access is at risk
However, since fraud is present in any marketplace, copied NFTs can get a scam NFT collectors need to be aware of and evade.
Verifiability presents a sense of ownership, status, and access.
NFTs provide people with a sense of ownership of physical and digital assets. Instances can be land or artwork; however, not limited to those items.
NFTs, offer bragging rights to individuals.
NFTs provide individuals with real-life perks or exclusive access. In smart contracts, you can create particular terms if you would offer buyers a limited license. For instance, it can contain copy and show only for personal or non-commercial use.
NFT developments are adapting the features to avoid the ‘copy and paste’ of NFTs. Some are offering new features to assist verify the authenticity of an NFT for a Profile Picture and creating a double-layer of protection. Individuals will first need to buy an NFT using their digital wallet and then purchase a verification to link their wallet and update their profile picture using their signature for approval.
It aids in reducing fake NFT profile pictures from displaying up and provides individuals an opportunity to showcase their NFTs in a verifiable way.