5 ms·
> #2: NFTs prove neither ownership nor uniqueness NFTs can prove current possession, it's not about legal ownership of the art. Colloquially this is called own
by vmception 5y ago
> #2: NFTs prove neither ownership nor uniqueness
NFTs can prove current possession, it's not about legal ownership of the art. Colloquially this is called ownership, which is why we say ownership.
Surprising how complicated this is for people, when the user experience doesn't have any ambiguity about it at all.
- lifeplusplus 5y agoif you sell nft of your car, do I legally own your car?.. No I just own NFT that refers to your car.
- vmception 5y agoCorrect, a plain reading of what I wrote says that as well. NFTs convey current possession of the NFT. Nobody is confused about that and there is an entire market for that because its good enough, people can prove current possession of the NFT for gated goods, clubs, credit, royalties, dividends and more.