And the picture itself is just a randomly generated picture of a money or a picture of Donald Trump photoshopped into something from the first page of Google images.
Holding an NFT can give you ownership of an image. If you have a bored ape NFT you own some legal rights to the image.
That’s because of contract law, and IP law. A contract assigns the copyright to the holder of the NFT, and governments enforce legal contracts.
The only thing that gives NFTs any claim to value is the fact that a centralized authority can enforce it. The entire concept behind the decentralized leaderless authority of the blockchain is a myth.
It’s not even the picture, it’s the promise you own a picture
Imagine waving the receipt of your brand new TV you don’t have in your home around in public for prestige
It’s more like you have a receipt for a link of where to get the manual for the TV.
And the picture itself is just a randomly generated picture of a money or a picture of Donald Trump photoshopped into something from the first page of Google images.
Holding an NFT can give you ownership of an image. If you have a bored ape NFT you own some legal rights to the image.
That’s because of contract law, and IP law. A contract assigns the copyright to the holder of the NFT, and governments enforce legal contracts.
The only thing that gives NFTs any claim to value is the fact that a centralized authority can enforce it. The entire concept behind the decentralized leaderless authority of the blockchain is a myth.
Yeah you can own an NFT but you can own any image through a license agreement with the owner.
Yes… That’s the point of my comment.