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With both paper certificates and NFTs, their worth depends on the issuer. The NFT craze is stupid, but as you point out, coupling real art with a NFT certificat
by vvillena 6y ago
With both paper certificates and NFTs, their worth depends on the issuer. The NFT craze is stupid, but as you point out, coupling real art with a NFT certificate is a really neat use case for NFTs. A NFT minted by an author and/or a reputable source such as an auction house can act as a unique, impossible-to-duplicate certificate that helps claim ownership of some real-world possession.
It's a given that at some point this will be tested in a court, with favorable results.
- crazydoggers 6y agoMaybe the litmus test is does the object linked to the NFT have real world value without the NFT. If you wouldn’t pay for the item without an NFT, then perhaps it’s not legit.