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> Even though it's not physical, it's exactly like owning a baseball card or a work of art. you're confused. You don't own anything with an NFT other than a p
by platz 6y ago
> Even though it's not physical, it's exactly like owning a baseball card or a work of art.
you're confused.
You don't own anything with an NFT other than a pointer. so it's not like owning a work of art at all. NFT's do not give you ownership over a work of art.
- nebulous1 6y agoI think he may be accidentally correct about the baseball card though, with the baseball player being the asset the NFT is pointing to and the card being the NFT. As such, the NFT is a collectible, nothing more. If it turns out that people want to trade these collectibles then ... that's fine!
- superbaconman 6y agoNFTs are NOT just urls. You can store all sorts of data within the token. Like maybe a license which grants commercial distribution rights.
- platz 6y agoplease show me all the tokens on openseas that are licenses that grant commercial distribution rights.
- superbaconman 6y agoI haven't really spent much time looking. Honestly until message signing becomes a feature of every major wallet, then I'm not to interested. If you can't sign a message with your wallet you can't prove you own the wallet. If you can't prove ownership of a wallet, you can't prove ownership of NFTs associated with the wallet.
- acjohnson55 6y agoCorrect. You have ownership of an "ownership label". I have a lot of skepticism that this type of ownership will have much demand over time.