Individually distinct assets.
WHAT THEY ARE
Tokens where each unit is unique and individually identified.
WHAT THEY ARE USED FOR
Digital art and collectibles Access and membership In-game items Certificates and credentials Representing rights to physical items
WHAT OWNERSHIP OF ONE ACTUALLY MEANS
A record on a ledger associating an identifier with your address.
WHAT IT DOES NOT AUTOMATICALLY MEAN
Copyright Exclusive use Any legal right at all
WHY THAT MATTERS
Buyers frequently assume rights that were never transferred.
WHAT DETERMINES ACTUAL RIGHTS
The terms attached by the issuer, if any.
WHERE THE CONTENT USUALLY LIVES
Not on the ledger, but at an address the token refers to.
WHAT THAT RISKS
The content disappearing if that storage stops being paid for.
WHAT REDUCES IT
Content-addressed storage, where the reference is a fingerprint of the content itself.
WHAT THE MARKET DEMONSTRATED
Extreme speculation followed by very large declines.
WHAT THE DURABLE USES APPEAR TO BE
Access and membership Credentials Items within applications that use them
WHAT TO BE CAUTIOUS OF
Purchases justified by expected resale Claims of scarcity that the issuer controls
WHAT TO ESTABLISH
What you actually receive, in writing.
