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by PragmaticPulp
1910 days ago
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Private keys don't verify that an NFT was authorized by the owners of the painting. You're still relying on real-world trust and claims that the NFT you're buying was the "real" NFT. If the owners of the Banksy came out a few days later and claimed that someone else sold a fake Banksy NFT, but they're now going to sell the real NFT, the private keys won't help. |
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Only Banksy can mint an NFT for his artwork for it to be of ANY value. The same way that only Banksy can create Banksy art.
Public-private key encryption is how you verify that something was signed by the original author.