As with all things crypto, the hype around them is completely unwarranted. But, like crypto, they _do_ correspond to something we have done already in the physical world, and to the extent that anyone actually wants to do that digitally, well, here you go.
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NFTs are just software licenses. You pay pay a fee to access stuff that's readily and freely copy able.
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Oning a NFT does not affect your "access" in any meaningful sense.
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That's not quite all they do. The most visible ones are mostly just "deeds to JPEGs," which fall in line with what you are describing (and are definitely inflated right now) But, there are much more interesting experiments in the wild right now!
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I'm working on a notion doc to share with friends, happy to send it your way too if you're interested!
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If you pay for the naming rights to a stadium, you are paying for advertising/publicity. Every time people go there, they see your name. Sporting journalists mention your brand when events happen there.
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BUT with a NFT attached to a JPG of the Mona Lisa, you can view that JPG and have no idea there is a NFT. With a Stadium you can’t miss that it is called TMob Park when you go to it.
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The point is not the picture, the point is the chain underneath. This is why stuff like Bitclout is cool. With regular ETH nft on say OpenSea you have to go to Twitter to brag about it.
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But at least T-Mobile get exclusivity over that stadium. There's nothing but honor system to make an NFT unique (ie i can make a copy of the object and resell it). It's more like if T-Mobile put their name on a map to the stadium?
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It's like T-Mobile put their name on a napkin saying "The Undersigned owns that stadium" which was handed to them in a dinky bar on a hazy Sunday morning. NFTs do not in any way solve the issue of verifying authenticity, as evidenced by the widespread art theft.
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