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by wccrawford 1921 days ago
No, there's nothing. It's literally a line of text attached to the number. It doesn't mean anything, except that if someone tried to put that same line of text on another one, there'd be a social media uproar about "fraud" in NFTs. It's just a matter of time until it happens.

But for now, it's more profitable for people to keep them actually unique and ride the wave of ridiculous money.

And no, it's not really any different than selling naming rights to something that can't be owned, and selling it to multiple people. I'm sure those certificates have a number on them, too.

1 comments

It doesn't explicitly mean anything, in the same way information queried from oracles has no explicit meaning and how any off chain information is meaningless using an on chain model of understanding.

Like normal tokens that doesn't stop people from attributing goods (PRQ), value (BTC) or rights (Deal with it NFT).

Compared to selling physical named rights buyers can verify supply, see previous prices and sellers can optionally take commission on every sale.