by social contract, I mean it to refer to the same social contract we all use to agree that paper money and metal coins have value. Or that you cover your mouth

by social contract, I mean it to refer to the same social contract we all use to agree that paper money and metal coins have value. Or that you cover your mouth when you sneeze. There doesn't have to be central authority here. As mentioned in another thread, NFTs are like a certificate of authentication in the Art world. It represents the ownership of something. That's separate from the enjoyment of something. The pleasure of owning something is now separate from the pleasure of enjoying something. NFTs address the pleasure of owning something, not the enjoyment of something.