[988747]

To be more precise, NFT is a blockchain record confirming that you own that piece of paper :)

There was a scam scheme on eBay that if you did not read the item description correctly you would be surprised to discover that you paid $2000 for a picture of the laptop, instead of the laptop itself. NFTs are similar, except the element of surprise is missing. People still buy them, because the word "blockchain" causes their brains to shut down.

[polishdude20]

How does the original owner confirm they own the thing before it gets logged in the blockchain though? I think that's the hard part. The conversion of ownership record from real life to blockchain.

[matkoniecz]

They don't. That is just one of problems of NFTs.

(if they do - they do it outside blockchain, what makes blockchain part quite pointless, beyond Ponzi part)

[superbaconman]

All encryption schemes have this problem. You never really know who you're communicating with unless you trade keys irl.

[matkoniecz]

Many are good enough for their purposes (https in general), NFT is not good enough for its stated purposes.

[distances]

That is not relevant. NFTs do not include ownership of anything else than the record in the ledger. You don't have any intrinsic copyright or other kind of ownership to the token, or to any linked monkey jpegs, by just having the NFT.