To briefly be non-flippant, clearly buying an NFT of a physical object does not give you ownership of the object. So if the physical object is destroyed, why would that change the value of the NFT?
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If you believe this, I have an NFT of a bridge to sell you.https://twitter.com/TaschaLabs/status/1429576700346748938 …
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The answer is that it wouldn’t. The NFT has the same value before and after the physical object is destroyed, it’s just that the value is zero.
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The price may be non-zero for a period of time of course, but that doesn’t change the value.
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In any case the argument is pointless because afaik no one has made an NFT of a physical diamond and successfully sold it for an amount of money > 0. The entire debate is nonsense because it simply does not correspond to any physical reality. Sound and fury, signifying nothing.
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End of conversation
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If your house burns hot enough to destroy a diamond you've got bigger problems than whether you still own the nft of the diamond.
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What about NFTs of abstract concepts?
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This is like my computer science degree. All the knowledge has been destroyed, but I still own the piece of paper and it’s educational value i.e. the line on my CV.
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I can't stand NFTs either those NFTs should just trade their ETH for pixel art, like me
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