bjorney@bjorney.loltoTechnology@lemmy.world•A key feature of NFTs has completely broken / Web3 was supposed to make sure the original artist always got paid. Not so much anymore.English
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1 year agoYes but NFTs are held in trust by you, not a 3rd party business. If you want to sell your NFT to a friend you can do that without brokering the exchange through a middleman who can/will charge a cut
How do I know you haven’t made 10 copies of that same certificate and sold 9 to other people?
If it was an NFT I could see you issued 9 other copies of it before I was approached with the sale. Any other way I either have to place blind trust in you or rely on a 3rd party to handle the issuance/transaction