this post was submitted on 26 Feb 2026
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The correct understanding of NFTs has always been trivial: they're certificates. What they certify is not determined.
Anyone telling you anything else is either lying, or a moron (or has been lied to, which is not incompatible with being a moron).
Isn't it basically just a receipt?
It's more general than that; a receipt is like a certificate that certifies that you bought something, but an NFT could certify something else.
Provenance is a major issue in art. NFTs provide the best provenance yet.
The type of use case I see it could be good for is Software ownership. One could sell his copy of a game or give it to someone else by exchanging the token and the software could use it to validate ownership.
It's a bitcoin that can't be swapped for other bitcoins, right?
Yes that's also true... I would venture that it's not as useful in general to understand the concept though :)
Yuppp
The anti-NFT crowd won with lies, helped by the loudest pro-NFT voices also being absolute morons and focusing on the dumbest possible ways to actually implement it.
Let it go man, the NFTs aren't coming back.
Good ideas never die ;)
To be clear I didn't get into "NFTs" during the craze at all because I knew what NFTs are supposed to be and personalized pictures of monkeys is not it.
At the same time it was hilarious how stupid the arguments on both sides were.
You sound like someone who thinks an nft is something other than a certificate.