What do you really own when you buy an NFT? [Let’s Discuss]
I have no doubt NFTs are the future! ![]()
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I can imagine a world where ownership, contracts and assets can be verified or held through NFTs! Yes that includes the stocks that we current own!
But what do we really own when we buy an NFT today?![]()
I recently came across this video by techlead regarding the limitations of NFTs. The deeper you dig the scarier if becomes!
watch it!
I can imagine a world where ownership, contracts and assets can be verified or held through NFTs! Yes that includes the stocks that we current own!
But what do we really own when we buy an NFT today?
I recently came across this video by techlead regarding the limitations of NFTs. The deeper you dig the scarier if becomes!
watch it!
From YouTube
SHOCKING REVELATION 1 : Essentially what was highlighted was that some NFTs simple store URIs references to centralised data bases!
SHOCKING REVELATION 2 :
The video also stated that to verify NFTs some block chains require a script to scan the entire block chain! This is obviously not a scalable solution!
Who enforces and protects ownership? We often hear jokes of people copying jpg files and claiming to have stolen a NFT. But what if we take this thought experiment further and question what do we really own when we buy an nft?
![What do you really own when you buy an NFT? [Let’s Discuss]](https://sgsnsimg.moomoo.com/moo-1642172269-102685100-iPhone-1-org.jpg/bigmoo)
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PlutoMoo102685100 OP : Heal your wounds from losses in the stock market by buying yourself an NFT![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")