Article by Kotaku: It reports on the results of a market research that has concluded that the majority of NFTs has no value whatsoever anymore.
Article by Kotaku: It reports on the results of a market research that has concluded that the majority of NFTs has no value whatsoever anymore.
You are correct and if we as a society said “this land/material/resource has a value and legal ownership of that is determined by the nft” then yes.
But the actual object behind the nft in most cases is just a picture.
The deed of a parcel of land is essentially worthless except we all agree the person who owns the deed owns the land and the land has value. The issue with most nfts is even if we all agree the who owns the nft owns the art, and the art had no value… The nft has no value.