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An NFT owner doesn t have any copyright or legal rights to the piece if there isn t a contract.
The digital artwork lives on the internet where anyone can still watch, listen to, or copy without paying.
When buying an NFT, the actual object isn t being purchased.
Non-fungible tokens have taken the world by storm, becoming the hottest thing in the cryptocurrency market within only a few months. They are touted as a way to revolutionize the way digital art is bought and sold. But a closer look reveals NFTs are no more than a pump-and-dump scheme designed to make a few crypto insiders rich.
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