What do you get when you buy an NFT?
Since an NFT can only have one owner at any one time, when you buy an NFT, you purchase the exclusive ownership of a particular digital asset. However, this doesn’t mean that you
own the exclusive rights as to who gets to look at or share that particular artwork.
Take for example the most expensive NFT sold to date: Beeple’s Everydays: The First 5000 Days, a 5,000-piece digital collage. The owner of this NFT is Vignesh Sundaresan, founder
of the Metapurse NFT project and the bitcoin ATM provider, Bitaccess.
While Sundaresan is the official owner of this NFT, this image has been copied, shared, and seen by millions of people around the world—and that’s fair game! So, when you buy an NFT, it’s a little like buying an autographed print. The NFT is signed exclusively to you, but anyone can view the work.
An NFT can be any digital asset. So far they’ve included:
Artworks
Tweets
GIFs
Songs
In-game purchases
Essays
Domain names
