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Ask HN: What stops me from owning the same bits of a NFT with a different token?
- wmf 5y agoNothing.
- emteycz 5y agoNothing. Similarly, nothing stops you from photocopying physical art, or recording streamed music. The point of NFT is not uniqueness of the item, but uniqueness of the token. Some people see value in having digital proof they bought an item from the artist. Some people see it as rare collectibles.
- verdverm 5y ago"artificially rare"
- reactspa 5y agoRegarding the meaning of "the same bits of a NFT with a different token"... ...what I'm understanding is: the NFT is sold on (say) Ethereum. And then later it's relaunched on (say) Cardano. Did I get that right? Here's another oddity about NFTs. If you change a single pixel (unnoticeable by the human eye), you get a completely different NFT.
- wmf 5y agoIf you change a single pixel, you get a completely different NFT. Not necessarily, since most NFTs are not based on hashes. Thus you could easily create multiple NFTs on Ethereum that are backed by the same thing.