I’m not sure I understand how they create scarcity. This isn’t the Wu Tang album… everything put into an NFT has, as far as I know, had another copy out there that anyone could get ahold of. Am I wrong?
the content itself is of course copyable, but the verifiable ownership of an nft is scarce. only one ethereum address can verifiably say it owns that token. by itself this means fuck all, but people are trying to attach some sort of meaning to the tokens, basically just in an effort to make money
I’m not sure I understand how they create scarcity. This isn’t the Wu Tang album… everything put into an NFT has, as far as I know, had another copy out there that anyone could get ahold of. Am I wrong?
the content itself is of course copyable, but the verifiable ownership of an nft is scarce. only one ethereum address can verifiably say it owns that token. by itself this means fuck all, but people are trying to attach some sort of meaning to the tokens, basically just in an effort to make money