Presumably the buyer gets a higher resolution copy that isn’t available elsewhere, but that doesn’t have anything to do with the NFT.
The NFT is just proof of a transaction taking place. It doesn’t actually transfer anything other than the token, though. The actual legalities are still handled through real-world contracts.
I wouldn’t be surprised if there was some sort of clause in the sales contracts that render the NFT null and void for the purposes of the contract if it’s stolen or lost or something. The NFT is basically along for the ride.
I guess I’m trying to figure out how rich people brag about their wealth. They can’t put this in a museum(?) and hanging it on your wall in your dining room isn’t particularly impressive either.
I suppose there’s lots of art just sitting in storage because it’s an investment medium, and this isn’t different?
Presumably the buyer gets a higher resolution copy that isn’t available elsewhere, but that doesn’t have anything to do with the NFT.
The NFT is just proof of a transaction taking place. It doesn’t actually transfer anything other than the token, though. The actual legalities are still handled through real-world contracts.
I wouldn’t be surprised if there was some sort of clause in the sales contracts that render the NFT null and void for the purposes of the contract if it’s stolen or lost or something. The NFT is basically along for the ride.