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TagRarible (vs. eBay)

Crypto Art Non-fungible token (NFT). Digital art

4 NFTs: You Bought One. But Do You Really Own It? Could You Ever?

Right now, the non-fungible tokens markets leave a lot to be desired as a business proposition, Bernard Fickser explains why

Introduction: At Expensivity, Bernard Fickser explains that a non-fungible token (NFT) is a unique token in cryptography that represents, say, real estate or art rather than money. Because the tokens have unique identities (non-fungible), they can be bought or sold while reducing the risk of fraud. So how do they work?: The series is called How Non-Fungible Tokens Work: NFTs Explained, Debunked, and Legitimized (July 30, 2021). In Part 4, he looks at the question of what benefits NFTs, in their current state, really confer on you (or don’t): 4 What Just Happened? The creation and purchase of an NFT as described in the last section raises a lot of interesting — and troubling — questions. It’s easy enough to…