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by swalsh 1639 days ago
NFT's aren't about artificial scarcity, they give owners rights. Being able to control a digital asset is important. Take the ENS (it's like a domian service). Having exclusive control over a domain is not scarcity, it's what makes it practical.

To get in the right mindset, you should stop thinking of NFT's as pictures. That's not the primary use case. It's a stupid game that became popular. NFT's are just tokens on the open blockchain that you can exclusively control.

1 comments

> they give owners rights

Generally not.

> NFT's are just tokens on the open blockchain that you can exclusively control.

Exactly this, and nothing more.