2 ms·

If that’s their point, I encourage them to re read my original comment. It makes ownership cryptographically verifiable, and easily transferrable. You can even

If that’s their point, I encourage them to re read my original comment. It makes ownership cryptographically verifiable, and easily transferrable. You can even do more! Fractionalization to distribute ownership rights among groups, bearer authentication to web services for owners of tokens, etc.

ceejayoz 5y ago
> It makes ownership cryptographically verifiable... It really doesn't. Ownership is a jurisdiction-dependent, item-dependent, legal concept. In the US, your bored ape JPEG will become public domain either 70 years after the creator dies, or after 95 years if they put together a LLC or something to sell them. You can wave the NFT around all you like at that point, but you no longer own the artwork, at least where the US is concerned.
- rattlesnakedave 5y ago
  In the common case, as they exist today, with current popular NFT projects, possession is generally sufficient to prove ownership. There are instances of theft, other forms of illegitimate ownership, weird IP conflicts, etc. but these are not the common case as NFTs exist today. Getting hung up on edge cases is missing the forrest for the trees.
  - gspr 5y ago
    > In the common case, as they exist today, with current popular NFT projects, possession is generally sufficient to prove ownership. You're skipping something important: ownership of what exactly?