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I'm guessing the same reason owning the rights to song lyrics can be very valuable, despite the fact that the lyrics are easy to copy and paste. You can say in

I'm guessing the same reason owning the rights to song lyrics can be very valuable, despite the fact that the lyrics are easy to copy and paste. You can say in legal terms "I own that" which gives you monetisation options you might not otherwise have in the regular economy. It's obviously a bit tenuous because of the digital only nature. A real Banksy that physically exists with proof of originality affords control and exclusivity over it's access. A digital Banksy is provably yours as an NFT, but doesn't actually prevent others from viewing it trivially and perfect copies obfuscate the nature of "original". So you own it, and assumedly have exclusive rights to sell it, but it's also very easy to copy and distribute. I'd be very interested to see if the recent push to artificially inflate the price of NFT's in order to set a precedence for what people should expect as their innate value works.

sorbits 6y ago
> So you own it, and assumedly have exclusive rights to sell it, but it's also very easy to copy and distribute And this is also questionable. I mean, anyone can make a perfect copy and sell it. They cannot get that sale recorded on some blockchain, but who cares? There are no legal ramifications, because the legal system does not recognize some random blockchain as authoritative regarding ownership, instead most jurisdictions have their own (central) database about registered/copyrighted works.
jamesgreenleaf 6y ago
From what I understand, it depends on the particular NFT. Some (most?) of them do not transfer copyright, so you couldn't reproduce or license the work for profit. Maybe you could loan the token somehow?
dcist 6y ago
Why is this necessary when you can own the copyright to an image (or other creative work)?