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Comment by schoen

The original conceptual framework for NFT-like instruments is Nick Szabo's "Secure Property Titles with Owner Authority":

https://nakamotoinstitute.org/secure-property-titles/

At the very end he says:

> Largely unaddressed above is the problem of divergence between actual conditions and directory rights. [...] When divergence becomes too great, a solution to address the unreality of the title registry is needed.

Almost nobody selling NFTs today has even bothered to address Szabo's final "correspondence to ground" point, i.e., why anyone should think that the ownership of a particular NFT means anything!

parent schoen 5 years ago

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