Quote:
Originally Posted by beshannon
As an IT person I agree with you.
[I]A non-fungible token (NFT) is a financial security consisting of digital data stored in a blockchain, a form of distributed ledger...
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Thanks Brian, that actually makes sense.
What does not make sense, to me, is why there is any value associated with (for example) an NFT of an image of a cow. So that means that the person who owns the image of the cow has digital proof of that ownership. However, since that image is often available on the Internet, and I (a non-owner of the NFT) can go look at that cow any time I want, then where's the value? Now, natch, I don't own the image, but if I can look at it, what does it really matter?
As an analogy, you have an NFT for your car, but I have a spare set of keys.
At least, that's how my little brain thinks of it. By the way, your car is nearly out of gas and needs a wash.