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But that is what the industry is selling (even that it's obviously not legally true). "NFT stands for non-fungible token, which basically means that it’s a one
by Hokusai 5y ago
But that is what the industry is selling (even that it's obviously not legally true).
"NFT stands for non-fungible token, which basically means that it’s a one-of-a-kind digital asset that belongs to you and you only." https://fortune.com/2021/12/18/nft-making-selling/ https://fortune.com/2021/12/18/nft-making-selling/
Fortune, e.g., misinterpretes it in that same way. Anyone can make copies of an NFT backed asset unless you use other legal or technical methods to limit copies.
- nybble41 5y agoThat definition isn't wrong. However, the "one-of-a-kind digital asset" is the NFT itself—basically a digital autograph—not a copy of the image (or book) the NFT describes, or even a license to such a copy, and certainly not the copyright, unless the copyright holder explicitly agreed to that when minting the NFT. (And you would need some out-of-band proof that the NFT was truly minted by the copyright holder.)