NFTs Can Be Fungible

So the debate is over and the proof is in the Tweet.<p><pre><code> NFTs can be fungible. Hence this, the bidder won&#x27;t get what they paid for which implies that NFTs aren&#x27;t what they say they are and this behaviour is even defined and correct under the ERC721 standard. Therefore, it is a complete scam. </code></pre> QED.

iirc many NFT systems use IPFS [1], where content addresses and content hashes are the same. Of course, it still requires someone to actually store the underlying file.<p>A good lesson in buyer beware - many NFTs are being made (and sold) by people who don&#x27;t know what they&#x27;re doing.<p>Another quote from Moxie RE IPFS [2]: &gt; another strange phenomenon is that NFTs which host metadata on IPFS often don&#x27;t use ipfs:&#x2F;&#x2F; urls, but rather an explicit https IPFS gateway, which isn&#x27;t fundamentally that different from some random webserver in terms of what clients are capable of enforcing.<p>[1] <a href="https:&#x2F;&#x2F;ipfs.io&#x2F;" rel="nofollow">https:&#x2F;&#x2F;ipfs.io&#x2F;</a><p>[2] <a href="https:&#x2F;&#x2F;twitter.com&#x2F;moxie&#x2F;status&#x2F;1448162369553637376?s=20" rel="nofollow">https:&#x2F;&#x2F;twitter.com&#x2F;moxie&#x2F;status&#x2F;1448162369553637376?s=20</a>