Some tokens have license in their metadata allowing the token owner to monetise and redistribute the artwork. The original author still has author' rights.
> Some tokens have license in their metadata allowing the token owner to monetise and redistribute the artwork.
the problem is that these rights must be linked to a physical real person, and not just a public key pair. in the real world if I want to acquire the rights to a piece of media I have to contact the author or some kind of middleman and specify exactly who I am and sometimes even how I'm planning to use the asset. instead if ownership is linked to an anonymous private key then I could simply share the same key with some of my friends and they could all use the piece of media in their works and present some proof that they have the private key with them in case of questioning.
so even if in theory NFTs could in fact be used to automatically make a public record of whoever has bought the rights to something, then we would need a public record that links real people's identities with their private keys (so a good old public keyring) but that would destroy any semblance of privacy and we're back to square one.
Except most probably that license itself and rules regarding it's usage are stored in a centralized way somewhere. Simply because NFT can't store anything this big inside, not even a sufficiently long text only file. The tech doesn't allow this.
The license and rights do not have to be centralised. The owner just has to hold on to some documentation showing they have ownership. If the original artist challenges it, you pull out the email/letter/receipt that shows you originally paid for it.
Fraudulently inventing proof is a serious crime. None of this required any blockchains or decentralisation. In fact it was never centralised to begin with.
NFTs serve absolutely no purpose that wasn’t already solved in better ways.
Because IPFS is decentralised permanent storage. Blockchain handles ownership, IPFS handles metadata, visual assets, etc. It's kinda how things work in real world with real estate, for example. There is a registry and there is physical property. Same here.
the problem is that these rights must be linked to a physical real person, and not just a public key pair. in the real world if I want to acquire the rights to a piece of media I have to contact the author or some kind of middleman and specify exactly who I am and sometimes even how I'm planning to use the asset. instead if ownership is linked to an anonymous private key then I could simply share the same key with some of my friends and they could all use the piece of media in their works and present some proof that they have the private key with them in case of questioning.
so even if in theory NFTs could in fact be used to automatically make a public record of whoever has bought the rights to something, then we would need a public record that links real people's identities with their private keys (so a good old public keyring) but that would destroy any semblance of privacy and we're back to square one.