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 Namewee sells NFTs, instant US$900K in 1 Day!, *Flirting with 1M NOW. Absolute MADNESS!

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silverhawk
post Nov 9 2021, 11:17 AM

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QUOTE(doublecool @ Nov 9 2021, 09:11 AM)
but the argument here is whether nft gives you any rights to his songs, or its just a mere digital signature
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That depends on the terms of it. From the looks of it, its just a digital signature. Like a collector's item.

However it can also be used to buy/sell rights to digital works. Just like your signature can be used to sign credit card, loan or just simply sign on your friend's I.O.U. note.


Selectt
post Nov 9 2021, 11:30 AM

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QUOTE(silverhawk @ Nov 9 2021, 11:17 AM)
That depends on the terms of it. From the looks of it, its just a digital signature. Like a collector's item.

However it can also be used to buy/sell rights to digital works. Just like your signature can be used to sign credit card, loan or just simply sign on your friend's I.O.U. note.
*
"It refers to an informal document that acknowledges a debt one party owes to another." brows.gif
SUSDJJD
post Nov 9 2021, 03:39 PM

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QUOTE(doublecool @ Nov 8 2021, 09:12 PM)
1 btc = 1 btc but is 1 nft = 1 nft? Nft value is tied to crypto, and btc is fungible, nft is not fungible lol

You are comparing Apple to orange lol

You can buy bitcoin or gold and frame it and enjoy it but we are talking about the ownership of NFT and its relation to real world, whether you can actually own the real world rights to it.  As to say when someone plays the name wee song for commercial purpose, can you claim royalty for that?

So what type of right do NFTs give you?? I can take the same amount of money, go to an artist, and buy the publishing right of his song so the song belongs to me, but can NFT do that?
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It's art la

Ppl buy CDs some people even buy band t shirts or BTS concert tickets

Do they have value? Probably not

Their money tho
ping325
post Nov 24 2021, 04:21 PM

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This post has been edited by ping325: Nov 24 2021, 04:21 PM

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