Hacker News new | ask | show | jobs
by tshaddox 1944 days ago
> But doesn't this defeat the goal of NFT? If you are the owner, then if it's stored by the creator or not it's irrelevant, right?

Assuming the creator is trustworthy, then I don't think so. Isn't this common in the art world? I thought lots of expensive art is stored in expensive secured vaults. Or maybe I'm thinking of the film Tenet (I don't actually know anything about the art world).

1 comments

>lots of expensive art is stored in expensive secured vaults

in tariff/tax free zones between jurisdictions, in a kind of customs limbo - exported from one jurisdiction, yet not imported into another (and thus no need to pay taxes/tariffs). The bill of sale is basically your NFT.