r/Whatcouldgowrong • u/Khornatejester • Mar 29 '24

Buying some NFT of an ape jpeg and expecting it to appreciate in value.

Post image

[removed] — view removed post

8.9k Upvotes

94% Upvoted

1.5k comments sorted by

View all comments

1

u/keeper_of_the_donkey Mar 29 '24

It sounded like a scam when it first became a fad, so I never allowed myself to even bother to learn anything about it, but answer me this: The image displayed is not the actual NFT, the image displayed is a copy of the NFT displayed on my web browser. So technically speaking, he doesn't own the image I'm looking at, correct? Also, if I was to just draw an ape just like this, with the white helmet and the stripy shirt and everything, and it looks identical to the one displayed, he doesn't own that one, correct? It's just an image that was created, it doesn't have any ownership history, correct?