3 ms·
Yeah, legally you own nothing buying NFT. NFT is just a record in blockchain that some digital stuff is in the exact link. And if the host server goes down, thi
by marleonid 5y ago
Yeah, legally you own nothing buying NFT. NFT is just a record in blockchain that some digital stuff is in the exact link. And if the host server goes down, this digital stuff will be lost.
But from another point of view buying NFT you get an everlasting record telling that some piece of digital good (art, collectibles, etc.) belongs to you.
I can understand the motivation of collectors that buy NFT not for speculating purposes but for an opportunity to have mathematical proof that some piece of the internet belongs to them.
What if we see NFT like that? Maybe I see it wrong, what do you think?
- verdverm 5y agoDo you think the person that bought the NFT of Jack Dorsey's first tweet owns it or has any control over it? If I buy an NFT for a jpeg, does that prevent anyone else from viewing it or making copies of it? Does an NFT really represent ownership? What really defines ownership?
- marleonid 5y agoI guess we need to determine ownership first. Most people are determined ownership in legal terms, yes. But legal terms are invented by people as an NFT. The answer to your first 2 questions is no. Those are reasonable questions — NFT doesn't allow full control over the content in it. Why do people buy NFT? Except for buy-sell purposes, what do you think? I'm looking for NFT collectors and creators btw to speak with them about it. And if you're interested, I can share their answers with you later.