LogFAQs > #962061835

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Topic	Is this a fair explanation of what an NFT is?
lZUAL_REBlRTH 01/25/22 11:06:44 AM #1:	An NFT is essentially Proof of Ownership. To use an analogy lets use the Mona Lisa. There is one original that someone owns. However you can buy a copy of the Mona Lisa from a museum (or even print one off yourself for free). But there is only one original. Take this to the internet where someone can create a piece of digital artwork. Anyone can copy it or print it out but what the NFT does is show who "owns" the original. Is that right or is there more to it? <cite>lZUAL_REBlRTH posted [p:962061835] in Is this a ... [t:79868974]...</cite> <quote>An NFT is essentially Proof of Ownership. To use an analogy lets use the Mona Lisa. There is one original that someone owns. However you can buy a copy of the Mona Lisa from a museum (or even print one off yourself for free). But there is only one original. Take this to the internet where someone can create a piece of digital artwork. Anyone can copy it or print it out but what the NFT does is show who "owns" the original. Is that right or is there more to it? </quote> ... Copied to Clipboard!
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