For the last time, it wasn’t $20k/$500k for a JPEG, it was for the rights to a jpeg. Everyone can see and use the JPEG, but only you could prove you owned it.
Was it even the rights, in a legal sense? I thought it was just a digital receipt of sorts that just links to the jpeg, which isn’t necessary the same thing as including control of the IP?
No, there’s no transfer of copyright ownership, it’s merely proof that you own the token on a given blockchain for that JPEG. You don’t get any additional rights to the JPEG vs anyone else, just the ownership of the token. So people can verify that you own the token, and that’s about it.
Right, I misspoke. The NFT proves you own a specific token related to the image. On that sense you “own” the image, but that doesn’t confer any additional rights to use/manipulate/redistribute/etc the image that others don’t have. All it does is prove that, on a given blockchain, you own that image/token of the image.
The link says you own the link, and that’s provable via cryptographic checks. Anyone can verify whether you own the link.
And yeah, you could make an NFT of a different link to that same image, but that doesn’t change whether I own my link. Or if the NFT does a content hash, you could slightly change one pixel and make that link, but I still probably own my link.
For the last time, it wasn’t $20k/$500k for a JPEG, it was for the rights to a jpeg. Everyone can see and use the JPEG, but only you could prove you owned it.
Was it even the rights, in a legal sense? I thought it was just a digital receipt of sorts that just links to the jpeg, which isn’t necessary the same thing as including control of the IP?
No, there’s no transfer of copyright ownership, it’s merely proof that you own the token on a given blockchain for that JPEG. You don’t get any additional rights to the JPEG vs anyone else, just the ownership of the token. So people can verify that you own the token, and that’s about it.
No it was never for the rights, and it was never for the jpeg. It was for a link to a jpeg which you didn’t own.
Right, I misspoke. The NFT proves you own a specific token related to the image. On that sense you “own” the image, but that doesn’t confer any additional rights to use/manipulate/redistribute/etc the image that others don’t have. All it does is prove that, on a given blockchain, you own that image/token of the image.
You could prove you had a link to a JPEG. Whether that link says you own it is up to interpretation.
Also I could upload that same image to another IPFS node and create a new link to that on the Blockchain.
The link says you own the link, and that’s provable via cryptographic checks. Anyone can verify whether you own the link.
And yeah, you could make an NFT of a different link to that same image, but that doesn’t change whether I own my link. Or if the NFT does a content hash, you could slightly change one pixel and make that link, but I still probably own my link.