The crypto community has been debating a new website dubbed The NFT Bay, a web portal that functions in a similar manner to The Pirate Bay (TPB), since the platform contains a large range of NFTs originating from multiple blockchain platforms for free. On Thursday, the author of the web page published a file called “The Billion Dollar Torrent,” which purports to include all of Ethereum and Solana’s NFTs.
Non-fungible token (NFT) collectibles have grown in popularity in the recent year, with billions of dollars spent on these digital objects. Meanwhile, many individuals in the crypto industry believe that NFTs are useless and that anybody can just right-click the NFT picture and possess the artwork without paying. Since the introduction of NFTs, there has been much debate. The dispute grew even more contentious in March, when an NFT immutability discussion erupted, with crypto advocates pointing out how NFTs were being destroyed and photos were being changed.
Months later, as NFTs’ popularity and worth continue to climb, an individual tweeted about an intriguing online site named The NFT Bay. On Thursday, the person tweeted, “OMG who right clicked all of the #NFTs?” Geoff also published a torrent link called “The Billion Dollar Torrent” on The NFT Bay (thenftbay.org), which holds all of the non-fungible token assets derived from Solana and Ethereum. Geoff stated he was going to bed after the tweet received hundreds of likes and retweets, but he left some press statements behind.
The NFT Bay works similarly to The Pirate Bay (TPB) in that it hosts a large number of NFTs derived from blockchain platforms. It includes a URL to the torrent, from which consumers may download the seeded files via a torrenting platform. The NFT Bay appears to be a clone of TPB, with the identical website color schemes and even using TPB’s logo. The main page features a plethora of individual NFTs as well as filters for NFTs from collections such as Bored Ape Yacht Club, Cryptopunks, and Axie Infinity.
The “Billion Dollar Torrent” file that Geoff tweeted about includes files for Ethereum-based and Solana-based NFTs. “If you like these NFTs, please buy it,” the description adds. The artists participating in fraud deserve support.”
In addition to the rationale behind the online site, Geoff provided his overall perspective on NFTs. Geoff believes that social media platforms will increase the usability and value of NFTs.
“For many digital representations is > physical representation and (if/when) Twitter/TikTok (discord backed away from it) roll out the ability to display flair on a social media profile that will be a turning point,” the press releases clarify. Geoff went on to say that the frenzy surrounding Twitter’s blue verified checkmark is a prime illustration of why verifiable confirmation of membership might be critical. “All of this, however,” Geoff stressed. “Could be achieved without blockchain.”