Originally Posted By: Matt Finley
I can see NFT transactions for something that is not reproducible, like an original painting. But what prevents the person who buys a music performance in digital form from marketing it further?

Absolutely nothing. The idea is that you're buying an NFT, which makes you the owner of that NFT as far as that blockchain system goes. Whatever the NFT points to, in this case an MP3, obviously remains as reproducible as ever.

It's all about collectability and saleability. If you have an NFT of an MP3 and can convince somebody to buy it from you, you might make money. The blockchain is there to support this sort of transaction. But it has nothing to do with playing music, the fact that the MP3 is involved at all is a technicality. You might as well be buying and selling NFTs of the number 17.

Last edited by Mark Hayes; 03/30/22 11:08 AM.