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by novok 1609 days ago
As far as I understand it, NFTs usually represent the title for the copyright, etc for the piece of art or whatever other non fungible item it is supposed to represent. Honestly NFTs should be pointing to a legal document showing that it's acting that way in addition to a copy of the image asset. 2 urls. Maybe NFTs do or should have an addendum part for transactions, so you can add URL or hash updates as hosting goes down.

When you transfer an NFT from one address to another, you have transferred title to whoever owns the private keys for it.
2 comments
sneak 1609 days ago
> As far as I understand it, NFTs usually represent the title for the copyright

You don't understand it. This is false. NFTs do not represent copyrights of any kind, either in theory or in common practice.

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stephen_g 1609 days ago
You’d need a separate legal contract that was valid in whatever jurisdiction saying the owner of an NFT owned the copyright. At which point the NFT is basically superfluous, because the contract is doing all the work and at that point you may as well just have the contract itself.

An NFT is more like an autographed photocopy of something. Except apparently a lot of NFTs on popular platforms are created from stolen digital art, so you get the fun of not even being completely sure if the autograph is actually by the creator of the art (but it’s verifiable that is is by the creator of the token).

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