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In: Economics
Can someone explain what is means to actually “own” a NFT of a file/tweet/art/etc?
for a durable good, from a collectable card to a house, the owner has control. they can hide it, destroy it, decide who gets to see it, charge rent (either by admission, viewership, or actually loaning of the good itself), etc.
Now you take a NFT of a popular piece of art readily found on the internet. You don’t get exclusive right’s to its use, you don’t get control over the asset, you don’t have copyright over it, etc.
So what are you “buying” with a NFT. What does it mean to “own” an NFT of Random JPEG XYZ?
Thanks!
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