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@forexbrokr
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All NFTs are, is a recording of ownership on an immutable ledger.

Nothing more.

When you have that recording on the untouchable ledger, you can then attach whatever you want on top.

Things like:

  1. Art
  2. Access to a community
  3. Social standings

But this is all surface level stuff and secondary to the entry on the ledger which is all that really matters.


Bringing this back to your comment, my point is that nobody really needs to recognise that something is an NFT on the surface.

This is where I think the mainstream has a warped view of NFTs.

In my eyes, I'd say that NFTs on Solana for example are garbage because the underlying ledger is just waiting to explode.

I mean how do those entries on the Terra blockchain look now?

But 99% of Solana based NFT project are viewed as recognisable/valuable by the mainstream, simply because they have that cookie cutter digital art look to them.

When in reality, all that matters is the recording of ownership underneath which on Solana, isn't worth jack.


I'm worried less about whether an NFT is recognisable and simply whether the underlying recording of ownership is stable.

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