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by Mystlix 1618 days ago
> 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.