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> It's a digital unfakeable deed to an asset, that asset being a trading card, artwork or something else. Well...no. Quite the opposite. The art is an asset. N
by Lazare 6y ago
> It's a digital unfakeable deed to an asset, that asset being a trading card, artwork or something else.
Well...no. Quite the opposite. The art is an asset. NFTs are not the artwork, and they're not a deed to the artwork. Buying an NFT gives you ownership of the NFT; it doesn't give you ownership of the artwork.
Selling digital unfakeable deeds to an artwork, and trading those deeds on the blockchain, sounds really cool. That might have value! But to the best of my knowledge, nobody has done that, largely because it's utterly impossible and we have no idea how to even go about trying to do it. And in any case, NFTs certainly aren't that. You're not buying and selling the artwork, you're buying and selling a numbered acknowledgement that the artwork exists.