Lee Duna@lemmy.nz to TechnologyEnglish · 1 year agoThe vast majority of NFTs are now worthless, new report showswww.theguardian.comexternal-linkmessage-square104fedilinkarrow-up1498arrow-down122
arrow-up1476arrow-down1external-linkThe vast majority of NFTs are now worthless, new report showswww.theguardian.comLee Duna@lemmy.nz to TechnologyEnglish · 1 year agomessage-square104fedilink
minus-squareBaconIsAVeglinkfedilinkEnglisharrow-up2·1 year agoWell no, in my example the shirt is the image and the signature on it is the NFT bit. Physically, it’s just a bit of ink, but the shirt itself is no different than one you can go pickup at the store.
minus-squaredevils_advocatelinkfedilinkarrow-up2·1 year agoIn your example what happens if the shirt is sold to someone else? In the NFT case the signature changes. The shirt analogy doesn’t work well, but NFTs are great for transferable tickets.
Well no, in my example the shirt is the image and the signature on it is the NFT bit. Physically, it’s just a bit of ink, but the shirt itself is no different than one you can go pickup at the store.
In your example what happens if the shirt is sold to someone else? In the NFT case the signature changes.
The shirt analogy doesn’t work well, but NFTs are great for transferable tickets.