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by SoldShort22
1636 days ago
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I would suggest that your argument doesn't pay enough attention to the second word in "scarce asset" -- asset. 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. |
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