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So someone else explained to me that we are all misunderstanding NFTs. They dont relate to ownership or even authenticity. They in theory could do these things,
by NoOneNew 6y ago
So someone else explained to me that we are all misunderstanding NFTs. They dont relate to ownership or even authenticity. They in theory could do these things, but nothing in the setup explicitly gives any of that right now with any real meaning. Simply, it shows you associated an image/string of text/tweet/whatever to a token with a supply of one. I cant think of a good real world analogy other than that company that used to sell the naming rights to stars. No one recognized their naming claims except for themselves. While I get the people trying to make a quick buck off NFT, "theres a bigger idiot somewhere", let's just stop fooling ourselves that it's any more than that. This makes folks who thought Beanie Babies were a sound, long term investment seem intelligent. If I'm going to invest in a digital currency, EVE ISK has more sound backing than crypto.