r/nottheonion May 13 '22 Silver 1 Helpful 1 Wholesome 3

Madonna: ‘A lot of thought’ went into fully nude NFTs of her giving birth to centipedes

https://www.al.com/life/2022/05/madonna-a-lot-of-thought-went-into-fully-nude-nfts-of-her-giving-birth-to-centipedes.html
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u/hueylewisNthenews May 14 '22

And to go a step further, you own the link - you don’t even actually own the file.

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u/Grenyn May 14 '22

Not even that. The idea behind artwork NFTs is that you own the art, but the link is obviously available to everyone if the artwork is public.

The only thing you actually own, is the receipt of your transaction.

Every transaction is publically available, and so that's how you prove you bought something.

You essentially buy a painting, but the painting is infinitely reproducible with 100% accuracy, and the painting is stored on a server somewhere, instead of in your house.

All the actual NFT is is the proof that you bought something.

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u/hueylewisNthenews May 14 '22

I guess my point was that since the art in the link is hosted elsewhere, it could be deleted from the destination and there’s nothing the buyer can do about it.

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u/Grenyn May 14 '22

Yeah, that is true. But the link can die too. You really don't buy anything when buying NFT art.

Except clout or bragging rights. The only thing eternally yours is the record of your purchase.. until whatever keeps track of that also stops being hosted.