this post was submitted on 06 Nov 2023
713 points (96.8% liked)
Technology
58142 readers
4848 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
But they didn't buy pictures... They bought receipts with URLs that direct to copies of pictures that they have no actionable rights on.
It's funny how many people think an nft is owning the image, but you don't even have that. You have a link to an image.
It's literally not even that. You don't own that link. There's a notice on a public board that has both the link "This is the property of [yourname]".
NFTs are like those late-night commercials for star naming "registries". They have their own Access database of non-legally-binding names that people have given to stars. You can pay to be on the list and get a paper certificate that no one gives a shit about.
By the way there are (estimates vary) thousands of stars in the observable universe for every grain on earth, just as there are essentially infinite NFTs.
That's not true. At least in the case of BAYC the terms of use even give you a commercial license: iii. Commercial Use. Subject to your continued compliance with these Terms, Yuga Labs LLC grants you an unlimited, worldwide license to use, copy, and display the purchased Art for the purpose of creating derivative works based upon the Art (“Commercial Use”).