I'll be honest here, I barely get the concept of this at all, but from what I've gathered regarding it all, it seems like you can own your own unique artwork with a non-replicable encoding that gives it its own fingerprint if you will, thus making it impossible to copy ---> but apparently people can just screenshot it and render it useless? There's some people saying it's not true and then some more, but I just don't think that I'm tech savvy enough to tell whether they're being legit about this or not. Moreover, I feel that the last time I heard something about ridiculously expensive / overpriced art works, either it had something to do with tax evasion or money laundering by the elites. So well, I dunno.
Can someone on here break this craziness down for the GAW audiences in laymen's terms? Would be much, MUCH appreciated! Cheers! And thank you! :)
Or you own a fraction of an NFT that is associated with a property that acts as a key and pass so that you can schedule a weekend out to a mountain cabin. The future of timeshares (among other things, many examples, as you pointed out) in a decentralized, blockchain ledger proofed manner.
Concert/Event tickets as NFTs allow people not only access to the venue, but can allow VIP access, use the NFT for comped drinks, access a chat that allows you to ask questions and get them answered on stage, get a % of concert revenue (depending on tier), plus a collectable memorable.
There is a lot of reason to be skeptical of Crypto and NFTs so people, DYOR, but they are big and may very well be the future.