• GiM@feddit.de
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      1 year ago

      You don’t own the actual image since that would be too big for the block chain. You only “own” a URL that points to the image. The host can delete that URL or change the picture behind it any time they want.

        • Leirach@lemdro.id
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          1 year ago

          It’s also not proof of ownership of the image. Am I missing something? It’s the url, you own a URL, not a funky monkey.

      • kameecoding@lemmy.world
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        1 year ago

        since most of it is AI generated you don’t own shit anyway, because copyright law only applies to human created art.

        and anyway you didn’t own an URL, since that could break and not point to anything after a while, at best you owned a receipt of look how much I paid for something one time.

        • jarfil@lemmy.world
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          1 year ago

          The monkeys are AI generated? And here I thought they were generated by a script written by a human running some combinatorics logic. Or are we calling that script “AI” now?

    • Fisk400@lemmy.world
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      1 year ago

      NFTs does not let you own images. The weird monkey company still owns all the monkeys. You own a piece of code that you can trade and monkey company pinky swears to keep a database where each piece of code has one unique monkey.

      Should the monkey company ever want to go back on that promise they can just have 2 codes have the same image with no legal consequences.

      • jarfil@lemmy.world
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        1 year ago

        The monkey company can sign a license granting legal exclusive copyright ownership to whoever has the receipt for the image referenced on the receipt.

        Going backsies on that legal “pinkie swear”, would definitely have legal consequences.

        (DISCLAIMER: I don’t know whether they are giving such license or not)

        • Fisk400@lemmy.world
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          1 year ago

          They are not giving such license and even if they did, it’s a completely different system that is called copyright law. We had that way before NFTs existed. The NFTs part of the system has absolutely nothing to do with the image and copyright management.

          • jarfil@lemmy.world
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            1 year ago

            Trading NFTs gives a cut back to the original creator, copyright law alone doesn’t. Not having a copyright license tied to the NFTs… well, yes, that’s a scam.

            • Fisk400@lemmy.world
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              1 year ago

              All NFTs are scams and if you think any of it isn’t a scam it’s because you are getting scammed by that particular variant.