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> Okay, so you "own" this piece of art on the Ethereum network. What if someone contends they own it on the Tezos chain, or any one of the hundreds if not thous
by spaceman_2020 3y ago
> Okay, so you "own" this piece of art on the Ethereum network. What if someone contends they own it on the Tezos chain, or any one of the hundreds if not thousands of other ones?
This would be very easy to establish - the creator would have a minting hash, and that hash would have a date and time.
If I create a piece of art and mint it on Ethereum with my wallet, it would be easy to prove that I own it, vs someone else copy-pasting the image and minting it two days later on Tezos.
- ToucanLoucan 3y agoAnd what does that mean? That person can still sell it. That person can still claim they own it, because they own that NFT of the thing. You both own it, effectively, now. Without an authoritative chain that is the chain, it doesn't matter.
- spaceman_2020 3y agoWhy? If the NFT does not have the creator’s signature - a transaction signed by the creator’s key - why would anyone consider that to be authentic? You can mint 10 copies of the NFT on 10 different chains, but if the mint transaction is not signed by the creator’s key, it would not be authentic. In the real world, you used to authenticate things through signatures. In the digital world, you would do that by signing transactions with your known wallet.