3 ms·
The best comparison for NFTs I heard was the comparison with buying a star or a piece of land on the moon. There are multiple providers that sell you various a
by leifg 5y ago
The best comparison for NFTs I heard was the comparison with buying a star or a piece of land on the moon.
There are multiple providers that sell you various areas of space. But in the end it’s just a piece of paper that grants you nothing. Yes you can brag to your friends that you own a giant piece of land on the moon with earth view but not only is that pretty useless it also doesn’t matter ever. Because if the moon is ever colonized you won’t be able to claim the said land just because some private company said you own it.
When talking about NFTs I often hear that somehow ownership rights are attached to it. Which is only true if the rightful owner of the art explicitly states that ownership is defined by “whoever has access to the private key”.