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And neither does the Blockchain have provenance of... anything really.
The blockchains have provenance of themselves and the space within them, which is exactly what the NFT represents. Nothing more, nothing less.
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> If you have finished reading the post by now (seems you are commenting and editing as you go along), Wrong. > I think I make it pretty clear when it gets to more detail that the NFT is the thing you own. Yes, you contradict yourself. > Further, I make it clear exactly what rights you and others have over the media, which is basically none . Yes, which is not what you say in the parts I quoted - let’s remind ourselv…
Unless you own the NFT, you can’t hang up the piece in cryptovoxels. That is ownership.
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> Similarly, this community has agreed that a contract written in a certain form, with the requisite signatures and registrations, conveys ownership of a piece of art. Except that they simply haven’t. Try taking someone’s house from them. You’ll find that it’s not just semantics that defines ownership. Try copying the artwork pointed to by an NFT. You’ll find the NFT doesn’t stop you. > If at this point you are tryin…
I make it clear what that "ownership" means - the right to control that token on the blockchain. I make it clear that it is not enforced by any legal framework, just the blockchain. What is your issue?
> Just like a deed conveys ownership of a house at some address, the token conveys ownership of that media.
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> If you own an NFT, you have no more rights over the media than someone who doesn’t own an NFT. False. Just like open source software, the devil is in the details (usually the LICENSE.md file). NFT projects vary dramatically in the rights they convey to holders. To the extent that these meatspace rights are enforceable, some convey commercial use, some convey personal use, some are published as creative commons, and…
From a recent conversation with a (soon to be) lawyer [as I understand it] software typically uses what's called a "shrink wrap contract" [1] wherein the _usage_ of the product implicitly accepts a license. As far as I can tell, nothing in the ERC721 standard (for example) has any provision for such a legal instrument to be included. As such, I don't see how NFT "ownership" can (currently) be construed to possess any…
What determines that NFT "A" is the canonical NFT of artwork "X"?
> The value of an NFT is in having the right to insert yourself into that story, as the owner of that work, and with the ability to transfer that right to another person (i.e. selling the work). This is a false statement. The NFT doesn’t make you the owner of ‘the work’. It makes you the owner of the NFT. > The same way purchasing a painting gives you the right to resell that painting and prove to others that you are…
Let's just say that this wave of NFTs (in images, videos, audio) are going to die out in favour of the discovery of 'useful' NFTs. The future will probably begin to expand to more than just 'images, audio and video', which those specific NFTs in those categories are absolutely useless.
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The digital piece can disappear when you still have the ownership and there's still nothing the owner can do about it.
In my case, if arweave allows for digital pieces to disappear from the web, then that means they've likely failed as a project considering they've positioned themselves to be a permaweb. However, interestingly if you leverage the token ownership for access, in my collection's case, even if the static image is wiped for whatever reason, they could still access the interactive service and see their art, and interact wi…
If the original creator can even delete the artwork, the owner is never sure.
> The value of an NFT is in having the right to insert yourself into that story, as the owner of that work, and with the ability to transfer that right to another person (i.e. selling the work). This is a false statement. The NFT doesn’t make you the owner of ‘the work’. It makes you the owner of the NFT. > The same way purchasing a painting gives you the right to resell that painting and prove to others that you are…
It's like options on a stock market. You don't own the stock itself.(part of the company) Just a link (with rules) to it.
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> Just like a deed conveys ownership of a house at some address, the token conveys ownership of that media. This is just a lie. The token doesn’t convey ownership of then media. There is no rough understanding by which this is true. > I make it clear exactly what rights you and others have over the media, which is basically none. Which you acknowledge here. This isn’t a matter of exact details that aren’t important t…
> This is just a lie. The token doesn’t convey ownership of then media. There is no rough understanding by which this is true. The debate around this is pretty somewhat tiresome. Yes, you have to buy into the believe that the token represents the media, but it's as good a definition as any because all ways we talk colloquially about "owning" a JPEG are simply not the same as owning a chair. - Copyright is just a set…
> The value of an NFT is in having the right to insert yourself into that story, as the owner of that work, and with the ability to transfer that right to another person (i.e. selling the work). This is a false statement. The NFT doesn’t make you the owner of ‘the work’. It makes you the owner of the NFT. > The same way purchasing a painting gives you the right to resell that painting and prove to others that you are…
> If you own an NFT, you have no more rights over the media than someone who doesn’t own an NFT. False. Just like open source software, the devil is in the details (usually the LICENSE.md file). NFT projects vary dramatically in the rights they convey to holders. To the extent that these meatspace rights are enforceable, some convey commercial use, some convey personal use, some are published as creative commons, and…
> False.
Really? The original poster says:
> Further, I make it clear exactly what rights you and others have over the media, which is basically none.
> NFT projects vary dramatically in the rights they convey to holders. To the extent that these meatspace rights are enforceable
NFT’s don’t convey enforceable meatspace rights.