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If you consider "NFT" to be a unique asset represented digitally, no they don't. A lot of games and software deals with the equivalent of NFTs, in the end it's
by gjulianm 5y ago
If you consider "NFT" to be a unique asset represented digitally, no they don't. A lot of games and software deals with the equivalent of NFTs, in the end it's just tracking ownership of something with an unique ID.
However, for all the NFT features (mainly being able to reliably transfer ownership without relying on any specific company) you do need a blockchain.
- hannasanarion 5y ago> However, for all the NFT features (mainly being able to reliably transfer ownership without relying on any specific company) you do need a blockchain. But you're going to be relying on a specific company anyway to host your asset. The NFT itself is nothing but a certificate. People who buy fancy guns in Ubisoft's new game might represent them as NFTs but that means nothing unless Ubisoft puts them in the game, keeps them in the game, and keeps the game state updated with the blockchain state, which they can stop doing at any time. In fact, this has literally happened before. Crypto stooge Calvin Becerra had a bunch of his NFTs stolen, and Bored Ape Yacht Club declared that they will start ignoring the blockchain and unilaterally declared that the images belong to Becerra, even though the blockchain says otherwise.