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NFTs in itself are not a scam. When I genuinely mint a photo I own the copyright of and set a price, you can simply chose to buy it or not. In the case that you
by fleddr 5y ago
NFTs in itself are not a scam. When I genuinely mint a photo I own the copyright of and set a price, you can simply chose to buy it or not. In the case that you buy it, you're not scammed. The price was clear, and you got what you ordered.
You can think of NFTs as being overvalued or worthless, but that doesn't make them a scam. Just don't buy them. Likewise, NFTs don't come with any promise that they gain in value, that too is on the buyer.
- garmaine 5y agoNFTs aren't rights to photos, or any other kind of tangible or intangible property right. That would be an actual property. But that's not what NFTs are.
- fleddr 5y agoLargely true, but rapidly changing. Some marketplaces do allow for copyright license statements to be included in the mint. The better marketplaces include verification of authorship. Adobe is including proof of authorship into its suite of tools. There's bots now crawling for knock-offs and cross chain mints. So in the best of cases...if a verified author mints a verified work, which includes a copyright/usage statement, and I buy it...what do I legally own? I think that's a question for the lawyers.