Post
Topic
Board Altcoin Discussion
Re: Where are NFTs stored and do you really own them?
by
caffinated
on 09/11/2021, 12:20:34 UTC
That's the neat part.

What you are buying is "digital ownership". Not the item itself. You are the owner of a piece of data that says you are the owner of a piece of art.

The piece of art itself.. well anyone can just right click -> save as. For free.

NFT tech is great for many things. Selling jpegs isn't really one of those things.

exactly, yet the hype is huge for buying these jpegs at inflated values... NFT's have great potential if linked with IRL but as pure jpeg only, whats the point?
So you own that NFT, forget a second chain, you can save the same jpeg on the same chain and name it something else, viola!
NFT for games ok.... sure... maybe....
NFT for irl stuff, definately a good case but has failed on many occasions