5 ms·
NFTs are like taking a Picasso, making a copy, shredding the original, and signing a paper that says the copy is actually the “real one”. 100% the same thing
by tomp 5y ago
NFTs are like taking a Picasso, making a copy, shredding the original, and signing a paper that says the copy is actually the “real one”.
100% the same thing
- Ekaros 5y agoOr the owner of Picasso asking you if you want virtual token of his Picasso. You give him some money, and you get to say you own token of Picasso. While the person still owns and can sell the original. He could even get cut out of the further sales of Picasso even after he sold it... And I suppose technically nothing stops new owner of the physical object making new token of this time "his Picasso"...
- cma 5y agoIt could even turn out later that he sold another 1000 tokens of it earlier that were hidden until a timed smart contract revealed them.
- prepend 5y agoI’m not aware of any NFTs that work this way. No not 100%. If there were destructive scans of a Picasso where the only thing digital was the NFT, then yes. It would also be kind of neat in a terror kind of way to actually shred the Picasso and issue an NFT. The problem is that I still have copies that look just like the Picasso. Infinite. If NFTs start being linked with rights, then that might work. Like the copyright ownership is conveyed to the owner of the NFT. It’s kind of like buying a numbered print of a painting and trusting the artist to not make more.