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An NFT really is just a commemorative plaque that says "I own [URL HERE]". It doesn't come with some crypto-backed security that only you can do anything with w
by m12k 6y ago
An NFT really is just a commemorative plaque that says "I own [URL HERE]". It doesn't come with some crypto-backed security that only you can do anything with whatever is at the URL. It doesn't give you any legal rights unless backed by a separate contract (which could just as well have been made without the NFT). All it guarantees is that no other plaque with exactly the same words can exist on that blockchain.
- chillacy 6y agoIt reminds me of those companies that will sell you a plot of land on the moon or a star.