> Without a published chain of transactions, there is no guarantee that the artist hasn't sold the same item multiple times.
> Without a verified on-chain transaction, there is a risk that either the buyer or the seller may be lying about the transaction price.
I mean, this is kind of the whole point - the published record on the chain is what actually matters. I don't like NFTs, but the anti-NFT crowd doesn't seem to get it and that is just as frustrating. People value status signaling tools. A lot. Image 99 of 1000 isn't a status signaling tool, showing you paid for the image is, the verifiable receipt is what matters.
This article is like suggesting the signature on art is what matters, but what matters is the actual provenance.
> Without a verified on-chain transaction, there is a risk that either the buyer or the seller may be lying about the transaction price.
I mean, this is kind of the whole point - the published record on the chain is what actually matters. I don't like NFTs, but the anti-NFT crowd doesn't seem to get it and that is just as frustrating. People value status signaling tools. A lot. Image 99 of 1000 isn't a status signaling tool, showing you paid for the image is, the verifiable receipt is what matters.
This article is like suggesting the signature on art is what matters, but what matters is the actual provenance.