There's a bunch of cryptography stuff making very certain that you* own the NFT. But the NFT itself is just a small publicly readable file with a link to the thing. Like owning a URL on a specific URL shortener, except the thing you own isn't even that convenient, and also "own" only entitles you to sell it to someone else, and no other rights. Also you probably have to pay the original author a commission when you sell it, and this is permanently cryptographically built into the NFT itself.
But you* really do cryptographically verifiably own that NFT. And the concept of very very certain ownership of very tenuous ephemeral nonsense seems to short-circuit some people's brains into thinking it's worth something.
*Not really you. Actually your crypto wallet address.
There's a bunch of cryptography stuff making very certain that you* own the NFT. But the NFT itself is just a small publicly readable file with a link to the thing. Like owning a URL on a specific URL shortener, except the thing you own isn't even that convenient, and also "own" only entitles you to sell it to someone else, and no other rights. Also you probably have to pay the original author a commission when you sell it, and this is permanently cryptographically built into the NFT itself.
But you* really do cryptographically verifiably own that NFT. And the concept of very very certain ownership of very tenuous ephemeral nonsense seems to short-circuit some people's brains into thinking it's worth something.
*Not really you. Actually your crypto wallet address.