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Comment by KaiserPro

The problem is that NFTs doesn't solve a problem that existed.

NFTs supposedly allow you to prove who owns something. However they don't actually form a contract for the thing that you think you are buying. You are buying the NFT, not the artwork them selves.

This is the main problem, so if you get scammed, or you try and assert what you think your rights are, you have no support.

To translate it to business, its like buying the sole share in some company, but its not actually the sole share, its a letter that says you've bought a receipt for a sole share from person x.

There is no assertion that you own the actual thing the bit of paper says its a receipt for, or indeed that the person selling it to you owned it in the first place.

parent KaiserPro 5 years ago

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