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moksly | 4 years ago

It’s sort of the same, but what I don’t get is how things like that rainbow cat and other famous internet pictures are NFTs. I mean, if the picture was around for twenty years before it became a NFT, then how is the NFT the “original”.

Going that line of thought, what happens if two people make the same picture into a NFT?

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douglaswlance|4 years ago

It depends who the people are.

Anyone can make an NFT of Nyan cat. That doesn't give it value.

If the original creator of Nyan cat creates an NFT of it, and only one NFT, suddenly it has a ton of value.