NFTs

Unique assets whose value is independent of one another. For example, an NFT might represent a piece of unique digital artwork.

• Today, if you create something digital, ownership is tied in with distribution. If someone makes an mp3 or a jpeg piece of art and posts it or sells it online, you’ll have to have it to consume it (DRM can sometimes change this).
• An NFT records control of a blockchain token. It does not by itself prove that the minter created or owned the linked work, transfer its copyright, or confer other legal rights.
• NFT metadata often points to media stored off-chain. IPFS content addressing can verify that content matches its address, but it does not guarantee permanence.
• A smart contract can encode transfer or royalty behavior, but royalty payment is not inherent to an NFT and may depend on the marketplace or transfer mechanism enforcing it.
• There are many problems with NFTs!