this post was submitted on 09 Mar 2024
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Ha!
But yeah, like others have said in this post, it had a bad light cast on it due to the jpg and gif NFTs. Folks started to realize: "wait... this token just contains a link to a web server hosting a jpg file??"
Well, yes. But also the rights.
"The heck you mean 'the rights'??"
I mean, your Drunk Monkey in Teal Color Theme artwork is yours to use, you've purchased the license in the form of an NFT.
"But it's just a link that anyone could just copy!"
Well, that would be stealing.
So NFTs in that regard are like any movie or TV show, or video game you rent or purchase. That utility may or may not seem to have any value to any one person, but it is a utility, and a pretty cool one if you ask me. But the usage, its implementation, is what matters. Whatever that usage requirement is for the individual or business, blockchain will do it well. Even if it is used to license junk.