5 ms·

Couldnt I just create another NFT of the same image with maybe a slightly different color?

by randyrand 6y ago

naniwaduni 6y ago
You could, technically, create another NFT of the exact same image. It just won't be the same NFT.
- ASalazarMX 6y ago
  I'm seriously starting to think that selling UUIDs of virtual things could really take off. I'd call them "Green Carbon Tokens" because despite their carbon print being negligible, 50% of the profits would be used for carbon capture. My database would be a text file that anyone could download and verify. Edit: I mean plain UUIDs, so you could create billions with the same carbon used to create a NFT, and the signed text file counts as distributed because anyone can have a copy, I couldn't tamper with it and not be caught.
  - lostcolony 6y ago
    This is nearly that, except the distributed ledger says who owns the particular 'UUID' (not actually a UUID). So we don't have to trust you to be honest with that database.
    - ytpete 6y ago
      But of course, the other difference is a dramatically higher energy cost. You could never sell any kind of "green carbon tokens" on the blockchain...
  - snissn 6y ago
    do it!
  - sp332 6y ago
    Before the recent bubble with insane NFT valuations, this is mostly what they were used as. E.g. putting a QR code with a NFT link inside a limited-run t-shirt. Practically just an inventory tag.
Tenoke 6y ago
Sure, but just as me creating a Mona Lisa-lookalike painting I doubt you'd get a buyer.
- ASalazarMX 6y ago
  This is not like painting actual Mona Lisas, but assigning serials to virtual things, like copies of a Mona Lisa picture, to create artificial scarcity.
norswap 6y ago
You could even create a NFT of the exact same picture, probably. But you'd expose yourself to a lawsuit because you don't own the copyright to the original picture, and if you sell for a high enough price, it might actually be worth the bother to the copyright holder.
- chrisco255 6y ago
  No, these memes are widely circulated and are even monetized through sites like knowyourmeme.com. You could mint an NFT of a meme you didn't create, but it won't sell for much, because people will know it's not minted by the creator. In this case these NFTs are only valuable in sofar as their provenance is verified.
- dls2016 6y ago
  But if you don’t host the image, and only re-sell the URL, then where’s the infringement?
- sp332 6y ago
  Copyright and other rights are not transferred with the NFT. So legally, that Dubai company doesn't even have the right to any copies of the photo that they may have. Edit: this case might have been covered by a separate contract, but it's still not part of the NFT transaction. https://foundation.app/terms https://foundation.app/terms
X6S1x6Okd1st 6y ago
If you want to pay the minting fee sure, I doubt that people could care to buy your knock off though
erik_seaberg 6y ago
Anyone could mint a token on another platform, but https://foundation.app/terms https://foundation.app/terms committed Laina not to participate. I guess they might sue for breach if she did, because it would hurt their perceived legitimacy?

Couldnt I just create another NFT of the same image with maybe a slightly different color?

naniwaduni 6y ago

You could, technically, create another NFT of the exact same image. It just won't be the same NFT.

ASalazarMX 6y ago
I'm seriously starting to think that selling UUIDs of virtual things could really take off. I'd call them "Green Carbon Tokens" because despite their carbon print being negligible, 50% of the profits would be used for carbon capture. My database would be a text file that anyone could download and verify. Edit: I mean plain UUIDs, so you could create billions with the same carbon used to create a NFT, and the signed text file counts as distributed because anyone can have a copy, I couldn't tamper with it and not be caught.
- lostcolony 6y ago
  This is nearly that, except the distributed ledger says who owns the particular 'UUID' (not actually a UUID). So we don't have to trust you to be honest with that database.
  - ytpete 6y ago
    But of course, the other difference is a dramatically higher energy cost. You could never sell any kind of "green carbon tokens" on the blockchain...
- snissn 6y ago
  do it!
- sp332 6y ago
  Before the recent bubble with insane NFT valuations, this is mostly what they were used as. E.g. putting a QR code with a NFT link inside a limited-run t-shirt. Practically just an inventory tag.

Tenoke 6y ago

Sure, but just as me creating a Mona Lisa-lookalike painting I doubt you'd get a buyer.

ASalazarMX 6y ago
This is not like painting actual Mona Lisas, but assigning serials to virtual things, like copies of a Mona Lisa picture, to create artificial scarcity.

norswap 6y ago

You could even create a NFT of the exact same picture, probably. But you'd expose yourself to a lawsuit because you don't own the copyright to the original picture, and if you sell for a high enough price, it might actually be worth the bother to the copyright holder.

chrisco255 6y ago
No, these memes are widely circulated and are even monetized through sites like knowyourmeme.com. You could mint an NFT of a meme you didn't create, but it won't sell for much, because people will know it's not minted by the creator. In this case these NFTs are only valuable in sofar as their provenance is verified.
dls2016 6y ago
But if you don’t host the image, and only re-sell the URL, then where’s the infringement?
sp332 6y ago
Copyright and other rights are not transferred with the NFT. So legally, that Dubai company doesn't even have the right to any copies of the photo that they may have. Edit: this case might have been covered by a separate contract, but it's still not part of the NFT transaction. https://foundation.app/terms https://foundation.app/terms

X6S1x6Okd1st 6y ago

If you want to pay the minting fee sure, I doubt that people could care to buy your knock off though

erik_seaberg 6y ago

Anyone could mint a token on another platform, but https://foundation.app/terms https://foundation.app/terms committed Laina not to participate. I guess they might sue for breach if she did, because it would hurt their perceived legitimacy?