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Mathieu's avatar

> technically, what you're purchasing is a record on the blockchain that assigns your blockchain address exclusive ownership of that image

Wrong. What you're purchasing is a record on the blockchain that assigns your blockchain address exclusive ownership of *the minting queue spot*. And minting is just an identifier in the queue.

Like when you go to the bank and you get the ticket to wait, that says #12432 in the queue? Same thing except that you actually purchase your queue ticket. That's minting.

It just so happens that this minting queue spot is resellable and just *happens* to have a visual representation (what people confuse with the NFT itself), for example an ape, etc.

There is absolutely no ownership/intelectual property delegation when an NFT is purchased.

If you own an NFT, you own the NFT, and NOT its visual representation.

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Robert Green's avatar

max, this is all about CAA, as you note. and it's also about their ability to create/own IP as agents, which historically they were not able to do. now...now they can. sort of. ish. (NB: i spent 25 years in hollywood, have friends at CAA and know whereof I speak)

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