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> Does an NFT confer ownership to any real, personal or intellectual property as understood by any currently existing legal authority? I can use my imagination
by volkk 5y ago
> Does an NFT confer ownership to any real, personal or intellectual property as understood by any currently existing legal authority?
I can use my imagination and predict a future where some form of the tech can be. But on a different note, traditional art doesn't need to be understood by any existing legal authority and people collect art. Although a lot of high value art is also used for money laundering. I just don't see a huge difference between the two in the creative category and at least NFTs have some interesting tech to them.
- giantrobot 5y ago> traditional art doesn't need to be understood by any existing legal authority and people collect art The content of the artwork is immaterial. Physical possession and real ownership are very well legal concepts and well covered by the corpus of laws essentially everywhere. There's even international laws covering possession of physical things.