[alexambarch]

What entity an ENS record is registered to, who owns what JPEG, who sent who some Ether...

Ethereum is one big state machine so that state holds everything.

[Yizahi]

For ENS - yes, for JPEG or whatever else - definitively no. There is literally nothing stored inside the token to describe who owns a digital or physical artifact outside of blockchain and it is technically impossible to store such info in the blockchain, while keeping even a current sham of decentralization, transaction throughput and gas price.

[nradov]

Ethereum (or any other blockchain) is unable to establish legal ownership of a JPEG.