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I'm not sure I follow you. According to ERC-721 spec, there is a token owner, and it is assigned to a blockchain address. Signing a message with that address pr

I'm not sure I follow you. According to ERC-721 spec, there is a token owner, and it is assigned to a blockchain address. Signing a message with that address proves you own it. If the source code of the smart contract shows that no one can seize it from you, then you are indeed the owner. What an NFT actually is can be different for every token. Nothing stops the creator of an image from declaring the owner of the NFT the owner of the copyright. Like I said, I think this is an area of future innovation. But right now, ownership of the NFT declares ownership of the NFT. What you can do with that is where companies and software engineers are experimenting. It is a very raw, early space that is exceedingly well-funded, and I expect many clever inventions to come out of it.

aikah 5y ago
> I'm not sure I follow you. According to ERC-721 spec, there is a token owner, and it is assigned to a blockchain address. Signing a message with that address proves you own it. If the source code of the smart contract shows that no one can seize it from you, then you are indeed the owner. Anybody can sell a NFT of the Mona Lisa. It's worthless.
- Tenoke 5y ago
  Anyone can sell a proof of ownership of the Mona Lisa, too. That doesn't mean that the proof of ownership in the Louvre is worthless.
  - aikah 5y ago
    > Anyone can sell a proof of ownership of the Mona Lisa, too. That doesn't mean that the proof of ownership in the Louvre is worthless. Except that there is only one Mona Lisa, the painting. There can be as many NFT of Mona Lisa as one wants. It's worthless, and your proof is a proof of ownership of something worthless. Good luck defending your ownership of a NFT in a court of law.
  - bondarchuk 5y ago
    If you steal the proof of ownership of the Mona Lisa from the Louvre, do you think they'd give the Mona Lisa to you?

aikah 5y ago

> I'm not sure I follow you. According to ERC-721 spec, there is a token owner, and it is assigned to a blockchain address. Signing a message with that address proves you own it. If the source code of the smart contract shows that no one can seize it from you, then you are indeed the owner. Anybody can sell a NFT of the Mona Lisa. It's worthless.

Tenoke 5y ago
Anyone can sell a proof of ownership of the Mona Lisa, too. That doesn't mean that the proof of ownership in the Louvre is worthless.
- aikah 5y ago
  > Anyone can sell a proof of ownership of the Mona Lisa, too. That doesn't mean that the proof of ownership in the Louvre is worthless. Except that there is only one Mona Lisa, the painting. There can be as many NFT of Mona Lisa as one wants. It's worthless, and your proof is a proof of ownership of something worthless. Good luck defending your ownership of a NFT in a court of law.
- bondarchuk 5y ago
  If you steal the proof of ownership of the Mona Lisa from the Louvre, do you think they'd give the Mona Lisa to you?