NFT Repurpose
NFT or Non-Fungible Token is a digital property right! Since any digital creation can replicate, NFT puts a unique digital signature to claim your belongings.
But then, people start abusing their power to take advantage of others, including rug-pulled others.
And owning NFTs may only grant you a specific digital right of ownership. It is essential to verify the privileges of owning NFTs besides the proof of ownership.
Perhaps before purchasing any NFTs, you want to ask:
👉 who controls the design
👉 who controls the copyrights, trademarks, intellectual property rights, or any other rights
👉 what rights do owners have beyond the digital platforms
👉 what licenses that transfer to buyers through owning such NFTs
👉 what rights can be negotiated along with possession of NFTs
👉 where NFTs stored
So, the question back to square 1, why buy NFTs?
How do you verify people’s identities online without breaching their privacy?
The technology provides a unique identity that can be verifiable through the blockchain and prevents the government or corporations from encroaching their power into your privacy.
