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Digital goods as NFTs have exactly the same problems as physical ones. There was a case where someone stole a JPEG of someone else's art off their website, min
by notJim 6y ago
Digital goods as NFTs have exactly the same problems as physical ones.
There was a case where someone stole a JPEG of someone else's art off their website, minted an NFT, and sold it, claiming to be the original artist. You still need a centralizing authority (like with NBA Top Shot) to ensure authenticity and prevent fraud.
The one maybe advantage I can see of decentralized is that the secondary market doesn't have to be governed by the rules of the centralizing authority. In other words, maybe the authority provides for the initial minting of the good (ensuring authenticity, which can subsequently be verified using the blockchain), but don't have to be involved in the secondary sales.
- ziml77 6y agoThis isn't one case of stealing digital art. A lot of work is being scraped off of twitter causing artists to go into protected mode. I've been seeing a ton of hate for NFTs among artists.