• merc@sh.itjust.works
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    5 days ago

    What the NFTs are linked to is what is of value

    No they’re not, they’re entries in a star registry.

    All the NFT does is show who owns whatever it represents.

    No it doesn’t. Just like a receipt doesn’t show who owns something, an NFT doesn’t either. It just shows who spent money on something.

      • merc@sh.itjust.works
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        5 days ago

        I’m not angry, I just find it funny that people think that NFTs or star registries confers ownership of anything.

        • Knock_Knock_Lemmy_In@lemmy.world
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          5 days ago

          An NFT on its own doesn’t allow transfer of legal ownership of real goods. It needs to reference legal documents and those documents need to reference the NFT and whatever other property or rights are being sold.