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> Other people can make their own LeBron statues, but just like having a knock off of a statue in real life, having the real thing is more impressive. This is
by iamacyborg 6y ago
> Other people can make their own LeBron statues, but just like having a knock off of a statue in real life, having the real thing is more impressive.
This is the thing though. How do you authenticate the creator of the NFT to ensure that the "legit" token is actually legit.
To give you a concrete example, right now an organisation calling themselves "GlobalArtMuseum" is selling NFT's of artworks held in museums. This is not being done in collaboration with any museum, the artwork is counterfeit.
How do you set the "authentic" NFT in the first place without rigorous compliance controls?
- FridgeSeal 6y agoAnd once you have this authentication, how is it any better than a normal “contract of sale” or such.