Why You Can’t Screenshot NFTs and is it Just a Fad Anyway? (2024)

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> Why You Can’t Screenshot NFTs and is it Just a Fad Anyway?

Tuesday, 06/09/2022 | 09:27 GMT by Liam Peak

  • You might still be scratching your head over why some NFTs have sold for millions.
  • However, an NFT comes in two parts

Why You Can’t Screenshot NFTs and is it Just a Fad Anyway? (2)

OP-ED

Why You Can’t Screenshot NFTs and is it Just a Fad Anyway? (3)

In short, you cannot screenshot an NFT.

Or at least not in the way you think you can.

You can absolutely screenshot the image that comes with an NFT, but that’s not actually what an NFT is; it’s only a feature that comes with it.

See, NFTs come in two parts. The image behind the NFT, which you’re probably familiar with, and the code or smart contract that makes an NFT an NFT.

NFTs stand for Non-Fungible Tokens. The key word here is 'token'. When you own an NFT, you don’t own the image; you own the token that comes with the image.

This token is a by-product of a published smart contract , which is code minted on a Blockchain like Ethereum. These smart contracts are designed in a way to be immutable and unique to one another.

What Makes Ethereum Different to NFTs?

You may be familiar with Ethereum and how it can be split up into fractional pieces for consumers to buy and sell. In simple terms, Ethereum is a single contract and is not unique to each holder. If you and I both own one Ethereum, it’s the same thing.

What makes NFTs valuable is the fact that they’re all different – not one is the same.

Why Is Something That Isn’t Tangible Worth So Much?

What makes an NFT valuable? The eternal question. You might still be scratching your head over why some NFTs have sold for millions, and why people are even buying them to begin with.

New investors flock in when they see a rising opportunity. We’d be wrong to say that it’s all hype when there are underlying features that make NFTs so great. But, in most instances, they really should not be worth what they are.

We’ve seen a lot of projects in the last year implement some sort of utility along with NFTs. This could be access to a private event, use for in-game items, earning rewards within the eco-system, and really anything else.

Some people even view NFTs as a community, and purchasing an NFT can grant you access to a group of like-minded people that you might not be able to find so quickly without them. And, this goes beyond profile pictures with certain traits attached to them. DeveloperDAO is an excellent example of using NFTs to collaborate on a bigger scale, giving developers access to resources and people to want to grow and further develop within the Web3 space.

When it comes to this type of technology, the possibilities are endless. At the end of the day, people are willing to pay whatever they’re capable of to be a part of something new and potentially profitable.

Can You Get Sued for Screenshotting an NFT?

Now we said that you don’t 'own' the image behind the NFT, which is true, but in some cases, users who purchase these NFTs own the intellectual property or 'IP' to the image. And, this works the same way as IP does for most things like brand logos, artwork and music.

If you just took a screenshot of the art being an NFT, then no, you will not get sued. However, if you then go on to minting your own NFT with that same art, or even using it in any commercial way, then best believe that a lawsuit may be heading your way.

Companies such as Yuga Labs, creators of the 'Bored Ape Yacht Club', have taken action on this very thing. Recently, Yuga Labs took Twitter user Ryder Ripps to court after selling a 'copycat' parody collection of the infamous monkey NFTs to which they accused him of confusing buyers and making millions off the sales.

Owners of these NFTs can even sell the rights to their 'IP' to be used in a commercial way by companies, fetching thousands of dollars in the process.

NFTs and Digital Ownership

There are, in fact, different types of NFTs, some of which don’t even come with an image attached to them. So, why is that even a thing?

Well, NFTs are a form of digital ownership and provide undisputed proof of authenticity. This is a very valuable thing, and it’s what makes NFTs such a revolutionary product.

NFTs and blockchain technology can prevent theft because once something is on chain, it’s visible for the world to see, and, if implemented correctly, cannot be changed. NFTs are and can be so much more than pictures of monkeys.

Take your passport for example; it’s a form of ID that is directly linked to you. However, in physical form, it can easily be replicated or duped. Now imagine if it was instead an NFT that could not be duplicated or altered in any way. In some cases, NFTs can even be locked to a single account, preventing the transfer over to someone else.

Identity theft solved! Right?

Well, we’ve got quite a long way till we see any success in that. There are still plenty of issues that come with doing this, such as adoption within the space and, of course, regulations.

This type of advancement isn’t going to happen overnight. The technology is new and is still being figured out.

Users in the space are continually improving and advancing with these new technologies, and it’ll take time till we see any actual adoption.

Wrap Up

NFTs are changing the game of how we consume, collect, enhance communities, and take back ownership over our property.

For now, NFTs are simply called a 'fad', but what is to come will not be.

In short, you cannot screenshot an NFT.

Or at least not in the way you think you can.

You can absolutely screenshot the image that comes with an NFT, but that’s not actually what an NFT is; it’s only a feature that comes with it.

See, NFTs come in two parts. The image behind the NFT, which you’re probably familiar with, and the code or smart contract that makes an NFT an NFT.

NFTs stand for Non-Fungible Tokens. The key word here is 'token'. When you own an NFT, you don’t own the image; you own the token that comes with the image.

This token is a by-product of a published smart contract , which is code minted on a Blockchain like Ethereum. These smart contracts are designed in a way to be immutable and unique to one another.

What Makes Ethereum Different to NFTs?

You may be familiar with Ethereum and how it can be split up into fractional pieces for consumers to buy and sell. In simple terms, Ethereum is a single contract and is not unique to each holder. If you and I both own one Ethereum, it’s the same thing.

What makes NFTs valuable is the fact that they’re all different – not one is the same.

Why Is Something That Isn’t Tangible Worth So Much?

What makes an NFT valuable? The eternal question. You might still be scratching your head over why some NFTs have sold for millions, and why people are even buying them to begin with.

New investors flock in when they see a rising opportunity. We’d be wrong to say that it’s all hype when there are underlying features that make NFTs so great. But, in most instances, they really should not be worth what they are.

We’ve seen a lot of projects in the last year implement some sort of utility along with NFTs. This could be access to a private event, use for in-game items, earning rewards within the eco-system, and really anything else.

Some people even view NFTs as a community, and purchasing an NFT can grant you access to a group of like-minded people that you might not be able to find so quickly without them. And, this goes beyond profile pictures with certain traits attached to them. DeveloperDAO is an excellent example of using NFTs to collaborate on a bigger scale, giving developers access to resources and people to want to grow and further develop within the Web3 space.

When it comes to this type of technology, the possibilities are endless. At the end of the day, people are willing to pay whatever they’re capable of to be a part of something new and potentially profitable.

Can You Get Sued for Screenshotting an NFT?

Now we said that you don’t 'own' the image behind the NFT, which is true, but in some cases, users who purchase these NFTs own the intellectual property or 'IP' to the image. And, this works the same way as IP does for most things like brand logos, artwork and music.

If you just took a screenshot of the art being an NFT, then no, you will not get sued. However, if you then go on to minting your own NFT with that same art, or even using it in any commercial way, then best believe that a lawsuit may be heading your way.

Companies such as Yuga Labs, creators of the 'Bored Ape Yacht Club', have taken action on this very thing. Recently, Yuga Labs took Twitter user Ryder Ripps to court after selling a 'copycat' parody collection of the infamous monkey NFTs to which they accused him of confusing buyers and making millions off the sales.

Owners of these NFTs can even sell the rights to their 'IP' to be used in a commercial way by companies, fetching thousands of dollars in the process.

NFTs and Digital Ownership

There are, in fact, different types of NFTs, some of which don’t even come with an image attached to them. So, why is that even a thing?

Well, NFTs are a form of digital ownership and provide undisputed proof of authenticity. This is a very valuable thing, and it’s what makes NFTs such a revolutionary product.

NFTs and blockchain technology can prevent theft because once something is on chain, it’s visible for the world to see, and, if implemented correctly, cannot be changed. NFTs are and can be so much more than pictures of monkeys.

Take your passport for example; it’s a form of ID that is directly linked to you. However, in physical form, it can easily be replicated or duped. Now imagine if it was instead an NFT that could not be duplicated or altered in any way. In some cases, NFTs can even be locked to a single account, preventing the transfer over to someone else.

Identity theft solved! Right?

Well, we’ve got quite a long way till we see any success in that. There are still plenty of issues that come with doing this, such as adoption within the space and, of course, regulations.

This type of advancement isn’t going to happen overnight. The technology is new and is still being figured out.

Users in the space are continually improving and advancing with these new technologies, and it’ll take time till we see any actual adoption.

Wrap Up

NFTs are changing the game of how we consume, collect, enhance communities, and take back ownership over our property.

For now, NFTs are simply called a 'fad', but what is to come will not be.

Topics

Ethereum NFTs

About the Author: Liam Peak

  • 2 Articles
  • 7 Followers

About the Author: Liam Peak

  • 2 Articles
  • 7 Followers

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    In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

  • Ready to Scale? Regtech in Australia, A Global View | FMPS:24

    Ready to Scale? Regtech in Australia, A Global View | FMPS:24

    Ready to Scale? Regtech in Australia, A Global View | FMPS:24

    Ready to Scale? Regtech in Australia, A Global View | FMPS:24

    Ready to Scale? Regtech in Australia, A Global View | FMPS:24

    Ready to Scale? Regtech in Australia, A Global View | FMPS:24

    In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.Speakers:Dickie Currer, National Lead, Tech Australia AdvocatesDeborah Young, CEO, The RegTech Association#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.Speakers:Dickie Currer, National Lead, Tech Australia AdvocatesDeborah Young, CEO, The RegTech Association#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.Speakers:Dickie Currer, National Lead, Tech Australia AdvocatesDeborah Young, CEO, The RegTech Association#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.Speakers:Dickie Currer, National Lead, Tech Australia AdvocatesDeborah Young, CEO, The RegTech Association#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.Speakers:Dickie Currer, National Lead, Tech Australia AdvocatesDeborah Young, CEO, The RegTech Association#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.Speakers:Dickie Currer, National Lead, Tech Australia AdvocatesDeborah Young, CEO, The RegTech Association#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

  • Resilience in Trading: From Third Class To World Class | FMPS:24

    Resilience in Trading: From Third Class To World Class | FMPS:24

    Resilience in Trading: From Third Class To World Class | FMPS:24

    Resilience in Trading: From Third Class To World Class | FMPS:24

    Resilience in Trading: From Third Class To World Class | FMPS:24

    Resilience in Trading: From Third Class To World Class | FMPS:24

    Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

  • IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24

    IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24

    IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24

    IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24

    IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24

    IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24

    For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.Speakers:Melody Gao, Senior Lawyer, Sophie GraceJames Perry-Keene, Head of Strategic Partnerships, PepperstoneChristopher Balanzategui, CEO, N3tworx#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.Speakers:Melody Gao, Senior Lawyer, Sophie GraceJames Perry-Keene, Head of Strategic Partnerships, PepperstoneChristopher Balanzategui, CEO, N3tworx#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.Speakers:Melody Gao, Senior Lawyer, Sophie GraceJames Perry-Keene, Head of Strategic Partnerships, PepperstoneChristopher Balanzategui, CEO, N3tworx#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.Speakers:Melody Gao, Senior Lawyer, Sophie GraceJames Perry-Keene, Head of Strategic Partnerships, PepperstoneChristopher Balanzategui, CEO, N3tworx#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.Speakers:Melody Gao, Senior Lawyer, Sophie GraceJames Perry-Keene, Head of Strategic Partnerships, PepperstoneChristopher Balanzategui, CEO, N3tworx#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.Speakers:Melody Gao, Senior Lawyer, Sophie GraceJames Perry-Keene, Head of Strategic Partnerships, PepperstoneChristopher Balanzategui, CEO, N3tworx#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

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Why You Can’t Screenshot NFTs and is it Just a Fad Anyway? (2024)

FAQs

Why You Can’t Screenshot NFTs and is it Just a Fad Anyway? ›

Since NFTs are associated with an image file, which could be a piece of digital art or generative image, it's tempting to consider taking a screenshot of the image and claim ownership over the NFT. However, the blockchain technology behind NFTs is built to prove ownership in a transparent and trackable way.

What stops you from screenshotting an NFT? ›

However, while NFTs are accessible to anyone online, it doesn't mean you have the right to create a copy and claim ownership. In fact, screenshotting NFTs is illegal if you try to sell them or pass them off as your own. There's more to an NFT than just a picture.

Why do people get mad when you screenshot NFTs? ›

Ownership of an NFT is digitally specific and cryptographically protected in the blockchain. It is not illegal to take pictures of pictures. Falsely claiming you own it (fraud) is where that is a problem. An NFT must not be confused with the piece of content the NFT is accosiated with.

Is it illegal to screenshot an NFT and use it as a profile picture? ›

However, if someone calls you out for using an NFT as your profile picture that you don't actually own, you risk being accused of being a fraud. Generally, it's considered bad manners to use an NFT image as your profile picture that you don't actually own.

How do I screenshot an NFT? ›

In short, you cannot screenshot an NFT. Or at least not in the way you think you can. You can absolutely screenshot the image that comes with an NFT, but that's not actually what an NFT is; it's only a feature that comes with it.

What would happen if I screenshot an NFT? ›

Since this transaction is both available to anyone and can't be altered, it's easy to identify the true owner of that NFT. Even if someone else takes a screenshot of that image file, they don't have the blockchain transaction to prove that they own the NFT.

Why can t you just copy an NFT? ›

Each NFT is associated with a unique identifier that can be used to track it. If someone tried to copy an NFT, the original would be invalidated and the copy would become the new original. This makes NFTs a safe and secure way to store and transfer digital assets.

What is the biggest problem with NFTs? ›

Since most NFT trading activity used cryptocurrencies, the devaluation of these digital currencies meant that investors had less capital to invest in NFTs. The resulting liquidity crunch was a significant blow to the NFT market, which heavily relies on the health and stability of the broader crypto ecosystem.

Why are people against NFT? ›

Many critics see NFTs as hyper-capitalist schemes to enrich speculators by wasting energy on hypothetical value. This opposes the decentralization ethos of web3. Meanwhile, supporters view NFTs as expanding digital property rights, creativity, and economic opportunity.

How are criminals using NFTs? ›

A launderer buys a low-priced NFT using one set of cryptographic keys. They or a trusted third party then rebuys it using criminal proceeds with different keys, creating a sale record and demonstrating a legitimate source for their money. They then sell the NFT to an unsuspecting buyer.

Can a photo be sold as an NFT? ›

As already stated, any type of digital art can be turned into an NFT. So, if you have a photo that you think is worth selling, you can create an NFT for it. NFTs can be purchased the same way as photographic prints in the traditional market.

Can someone steal my art and make an NFT? ›

Here is where theft occurs. Anyone can mint an NFT, even if they don't own the copyright to the content they're minting, so people can take a screenshot of other people's artwork and sell it as their own.

Can you turn a photo into an NFT? ›

Once you select your preferred choice of platform, it can be surprisingly easy to turn your photo into an NFT: Select the option that enables you to create an NFT. Upload picture to tokenise. Give a unique name to your NFT and add a link to your portfolio/website.

What is the difference between an NFT and a screenshot? ›

Taking a screenshot of an NFT doesn't make you the owner of the art piece. When you take a screenshot, the image of the NFT is saved on your computer or smartphone, and the only thing you own is the image file.

How are NFTs protected from screenshots? ›

Digital ownership cannot be modified or canceled due to its blockchain nature. Those who screenshot an NFT cannot prove their ownership of the digital asset. This is what makes NFT screenshotting pointless, which is why there is no screenshot issue, at least the one that affects the NFT space in any significant way.

Why are NFTs so expensive? ›

To sum up, the price of an NFT depends on its rarity, scarcity, social recognition and utility. Out of all the 4 factors, scarcity and utility are the primary factors that make an NFT valuable. There are thousands of NFT collections on marketplaces. However, not all of them are worth millions.

How do I protect NFT metadata? ›

Using IPFS URIs inside your metadata to link to images and other media helps preserve the integrity of your NFT data! IPFS links can't be tampered with or altered to point to different data after they've been created.

Can you lose access to an NFT? ›

NFTs can be stolen if someone gains access to your digital wallet's private keys. It's also possible for an NFT's files to disappear from the internet if they're not hosted in a secure format.

Can you destroy an NFT? ›

NFTs cannot be “deleted” because the blockchain by nature is immutable and permanent. Burning an NFT is the closest thing to “deleting” an NFT that a blockchain will allow. An easy way to understand where an NFT goes when it is burned is by understanding the purpose of a crypto wallet.

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