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Continuing with the analogy you can own a rare baseball card of an all star player but many other people also own it. With NFT there is (usually) one and only o
by nazka 5y ago
Continuing with the analogy you can own a rare baseball card of an all star player but many other people also own it. With NFT there is (usually) one and only one owner so it’s like there is only one card that have been produced. For instance check what they did with the NBA and dunks. They are selling short videos of every dunk. So there is only one possible owner of a dunk sold. That’s it. So only one guy own the one of the best dunk of Michael Jordan.
- newswasboring 5y agoYes but NBA can unilaterally delete this data from the server, right? Then how am I getting any control?
- koonsolo 5y agoFirst of all, who cares about the video? You "own" the dunk, not the video of the dunk. So even if the video goes down, you still "own" the dunk. How would you delete the history of a dunk? And in any other case: archive.org
- newswasboring 5y agoWhat does it mean to "own" the dunk?
- koonsolo 5y ago> What does it mean to "own" the dunk? For some people it's the NFT that the NBA sold. You only need 2 people with a lot of money to believe that. Do I believe that? No. Do I believe others can believe that? Yes. Do I therefore believe it's a scam? No.
- aflag 5y agoThat feels like these websites that have a list of stars with names associated with them. Sure, people do pay to be in those lists, but it feels a bit scamy.