Quote:
Originally Posted by TRUSTtheDRAWCESS
The difference in your example is that the physical piece of art someone buys to hang in their house, they can physically see it and hold it and only they can have it in their house.
If I buy an nft of something, anyone can still go and view that image online, in the exact same way that I do, but the only difference is I have a receipt on some Ledger saying that I paid money too have it.
NFTs can be more than an image. It can be a video file that only the holder(s) can see. Or an eBook, webpage, domain name, 3-d model, video game, etc., etc.
Also, an NFT can represent a contract of sole ownership of an intellectual property.
On top of that, the creator of an NFT can receive a percentage of each future sale of the NFT in perpetuity.
NFT marketplaces are currently flooded with hot trash Elon Musk photoshops and MSPaint drawings done in 60 seconds, so a lot of people associate NFTs as a whole with that hot trash.