3 ms·
It's a fools errand to try to equalize NFTs with anything from the physical reality we live in. NFTs are exclusive to blockchains and have no real-world counter
by capableweb 5y ago
It's a fools errand to try to equalize NFTs with anything from the physical reality we live in. NFTs are exclusive to blockchains and have no real-world counter-part, I think that is a part of why people are so confused about them. No analogy is perfect, and makes it hard for people to understand what they really are about. NFTs are not like naming rights, nor domain names, nor is it art, nor is it anything else.
Easiest explanation is that a NFT is like a new cryptocurrency, except it only exists one token of that cryptocurrency, and it's indivisible.
- gfodor 5y agoMost of the stuff going on in crypto like you state defies analogy, and in the end, will be used as the grounding example of future analogies.
- bradleyjohnson 5y agoI like to compare it to public art or a public art museum. One entity paid for it but everyone is allowed to look at it and take pictures of it. Not quite the same since public art is typically a physical object and not a digital one.