>The NFT advancement is that it proves some sort of proof of ownership.
It's not even ownership, at least in the classic art collector sense or in the sense of having a meaningful degree of control over the work. Torres retains ownership of the copyrighted work. What he's selling is a transferable limited license that doesn't even include any commercial use rights.
What's a little mind-blowing to me is that the terms of the site don't indicate that the license is an exclusive license. The buyer gets no legal guarantee that Torres won't sell another such license in the future.
Agreed, there are many issues, and I believe that many will be taking advantage of this system. But it will all be sorted in time, and I do think there is a huge future here.
It's not even ownership, at least in the classic art collector sense or in the sense of having a meaningful degree of control over the work. Torres retains ownership of the copyrighted work. What he's selling is a transferable limited license that doesn't even include any commercial use rights.
What's a little mind-blowing to me is that the terms of the site don't indicate that the license is an exclusive license. The buyer gets no legal guarantee that Torres won't sell another such license in the future.