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by pazimzadeh 1951 days ago
Does the owner of an NFT have a way to limit others from posting a fake? i.e. some code to embed the 'real' version in a verifiable way?

And is there a way to lend a piece for a defined amount of time before getting it back?

3 comments

No. The original art either has to be gated by a central source of truth (not decentralised), or entirely made public by uploading it in full to the blockchain. There is also not much of a concept of ‘lending’ the data, as owning the token and not owning the token are effectively the same thing, and there’s no ‘proof of deletion’. Opinion, but NFTs are a bubble. As soon as someone publishes a site that makes it easy to download them without paying the market will crash.
Here is a site that makes it easy to download the GIF: https://www.deviantart.com/minecraftrulz2017/art/Nyan-Cat-HD.... Please let me know when the crash is expected, now that your condition has been met :)
The owner of this NFT doesn't own anything other than this NFT.

As far as I can tell, they don't even have any contractual claims to prevent the author from selling another Nyan Cat.

They can, however, show that they were the first blockchain address to have blown $600K on Nyan Cat (if you ignore the previous transactions, which were presumably related to the auction itself?)