Originally Posted by
Cilvaringz
NFTs are nothing more than digital tags that prove that the work its tagged to, is an official work. Meaning, there are 1000s of images of the same picture available on Google Images, but one of those pics had to be the original right? the one that was shot by the actual camera and then released by the photographer. Well, NFTs solve that problem. All they really are, are digital tags to prove authenticity.
If a photographer mints his picture on the blockchain, the NFT tag proves the picture is his and is the first one, or number 3 of a collection of 5, or whatever he wants it to be. A musician can do the same with his song, or album, or concert ticket, or anything you can creatively think of that could have a digital authenticity tag attached to it.
Dolce & Gabbana were selling one of one suits with an NFT attached proving that dress had a digital tag that proved it was an actual D&G and there was only 1 specimen.
Once Upon A Time In Shaolin is the same. The album is still the album, but whomever owns the NFT we made to represent ownership of the album, owns the album.
In this case it was a DAO, or a collective of crypto folks called PleasrDAO.