Would you pay that much for a meme? ⚰️
is that each NFT is unique, or non-fungible, and cannot be replicated or copied. It is one-of-a-kind.
Cryptocurrencies, like the Ether, used to buy this NFT are the opposite. There can be many of them, and each has the same value. By converting, or minting, the famous meme as an NFT it has its own unique metadata which is the real value of the NFT, not necessarily its"visual" or"audio" properties. When you buy an NFT you are really buying exclusive rights to this metadata that acts as an official certificate of ownership. This information is stored on the Ethereum blockchain using something.
The important thing to note is that while the buyer now owns this metadata, they don't have exclusive rights to the actual meme itself. The original intellectual property rights still are, and will always be, the pallbearers who originally created it. will always be the creator and"owner" of the IP surrounding the"Mona Lisa", irrespective of who owns the painting today or in the future.
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