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by jakupovic
1636 days ago
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Do you need someone to repeat what's scarce? The digital anything can be written down in the blockchain notebook with your name/key and it's yours then. Same as when you would get a C from your teacher who would write it into one of those big notebooks with everyone's names. That combination of your name + class + grade is the asset uniquely assigned to you. Now when you asked your teacher to change that C to a B, to maintain your average, that wouldn't be possible as the teacher would have to write a new record and we would all know that you had a C actually. But all those grades are your only and thus scarce by definition. |
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These unique tokens almost always point to digital files that are accessible to everyone and anyone, and that can be viewed, downloaded and reproduced by everyone and anyone.
To the extent that a person might consider these files are "assets" at all, the bigger issue is that ownership of a non-fungible token is still just ownership of a non-fungible token. It doesn't on its own convey any ownership of or economic interest in the "asset" it points to. If you want the token to convey ownership or economic rights, you're back to the traditional legal and financial worlds Web3 is supposed to be supplanting.
To the extent that a person might consider the NFT itself to be an "asset", the question is where the value is derived if the NFT is merely a pointer to a digital file that you don't have ownership of or an economic interest in.