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I value this meme at eleventy billion and won't take a cent less (lemmy.world)

submitted 10 months ago by Custoslibera to c/[email protected]

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[–] Selmafudd 53 points 10 months ago (2 children)

It's not even the picture, it's the promise you own a picture

[–] superduperenigma 10 points 10 months ago

And the picture itself is just a randomly generated picture of a money or a picture of Donald Trump photoshopped into something from the first page of Google images.

[–] Hildegarde 3 points 10 months ago (1 children)

Holding an NFT can give you ownership of an image. If you have a bored ape NFT you own some legal rights to the image.

That's because of contract law, and IP law. A contract assigns the copyright to the holder of the NFT, and governments enforce legal contracts.

The only thing that gives NFTs any claim to value is the fact that a centralized authority can enforce it. The entire concept behind the decentralized leaderless authority of the blockchain is a myth.

[–] workerONE 7 points 10 months ago* (last edited 10 months ago) (1 children)

Yeah you can own an NFT but you can own any image through a license agreement with the owner.

[–] Hildegarde 0 points 10 months ago

Yes... That's the point of my comment.