Partner Kayvan Sadeghi was featured in a video segment discussing a common misconception involving the purchase of online artwork using blockchain-based non-fungible tokens (NFTs).
Kayvan said, “People have the misimpression that they are buying the underlying video or photograph or song that is represented by an NFT. That’s not what you’re generally buying when you’re buying an NFT. All you’re buying is an entry on a ledger that points to some file and that gives you the unique ability to transfer that NFT to somebody else, but that does not mean that you own the underlying artwork or other collectible associated with it.”
Watch the full clip here.