It's basically make-believe real estate. You own some property (a jpg, or whatever) because a deed (a blockchain) says so.
It's absolutely crazy because, a) property is finite while copies of what is essentially just a number can be infinite, and b) your ownership isn't backed by any [government] force.
Of course, when Meta eventually becomes a trans-government authority like Shadowrun predicts megacorps will, I guess that second point will no longer be a thing.
It's basically make-believe real estate. You own some property (a jpg, or whatever) because a deed (a blockchain) says so.
It's absolutely crazy because, a) property is finite while copies of what is essentially just a number can be infinite, and b) your ownership isn't backed by any [government] force.
Of course, when Meta eventually becomes a trans-government authority like Shadowrun predicts megacorps will, I guess that second point will no longer be a thing.
I wonder if those "Own a Star!" companies have gotten on the NFT bandwagon yet.
Becomes? A little late, chummer.