If you buy this, you are scammed.

  • torafugu
    1•2 years ago

    Just wait until someone removes the entirety of the database instead of a GitHub branch. Then NFT people will understand how they wasted their fucking money.

  • @shukufuku@lemmy.mlEnglish
    1•2 years ago

    No, you have your digital id in a database that also has a link to a picture of the precious. There is no implied ownership of the image.

    • ndguardianEnglish
      1•2 years ago

      I think the biggest place it has genuine benefit would be for something like deeds to homes, titles for cars and stuff like that. A permanent, auditable and public system for tracking the transfer and ownership of things.

      Unfortunately it comes with its own caveats, such as “what if I lose the wallet containing the deed to my home, and I want to sell it?”

      I never really understood the whole thing about picture based NFTs though.