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this post was submitted on 10 Nov 2023
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No they aren't NFTs are recipts. That is all they are. They can have a connection to images or physical goods but they only proove that you bought a recipt and not actual ownership.
so a deed to a house only proves that you bought a piece of paper, right?
No a deed to a house has legal meaning. So it’s not at all like a deed to a house.
Sort of except it means nothing. It's like having a deed with absolutely no legal weight.
If I buy a microwave and try and return it with only the receipt they won't give me a refund because I only bought the receipt. I could sell the receipt, sure it says you bought it but I am keeping the microwave.
If the deed was scribbled with crayons by a hobo and the house would be imaginary. That would be comparable to NFTs.