you are buying the fever dream that you will totally own an actual olive garden when the people behind this buy out the company behind the restaurant chain
im not kidding
Stage 7: Use project funds to complete leveraged buyout of Darden Restaurants, Olive Garden’s parent company. Upon successful completion, all NFOG franchise owners will now own real Olive Garden franchises.
“We‘re not gonna sell you ownership of this photograph at this point in time but in a few years we‘ll totally hand you ownership of a fucking restaurant despite having no legal obligation to do so just trust us on this one.“
So what are they even buying if they don't even own the picture ?
You're buying the (completely unofficial) concept of owning a specific Olive Garden, in the form of a line of code on a ledger.
This is why people go crazy over NFTs. It is just so insanely dumb but how can it be if people pay money for them.
They finally found out how to introduce the private property contradiction to the digital commmons
you own a receipt of you purchasing the receipt, that is then stored on the blockchain
if that sounds completely unhinged, then you've understood it perfectly
I mulled this over for several minutes before deciding there is no answer :agony-soviet:
there is no answer only madness
This is no different than any other NFT
A row in an excel spreadsheet.
You buy the right to be left holding the bag. There's nothing in the bag but it has a picture of a US chain restaurant on it.
you are buying the fever dream that you will totally own an actual olive garden when the people behind this buy out the company behind the restaurant chain
im not kidding
ahh yes, after doing that they'll definitely make good on their promise to give you an olive garden that you definitely, totally own, we pinky swear.
“We‘re not gonna sell you ownership of this photograph at this point in time but in a few years we‘ll totally hand you ownership of a fucking restaurant despite having no legal obligation to do so just trust us on this one.“
A magic spell.
(Magic still isn't real.)