What the NFT? VC David Pakman dumbs down the digital collectibles frenzy and why it’s taking off now – TechCrunch
But we could only collect things in the real world because digital collectibles were too easy to copy.
Then the blockchain came around and [it allowed us to] make digital collectibles immutable, with a record of who owns what that you can’t really copy.
You can screenshot it, but you don’t really own the digital collectible, and you won’t be able to do anything with that screenshot.
It’s individual creators, musicians, digital artists who could create a piece of digital art, make only five copies of it, and auction it off.
Is that a risk with these digital items, which you are essentially storing in a digital locker or wallet?
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