For those of you who have landed here, this is part of my discussion with friends in the comments available here https://m.facebook.com/story.php?story_fbid=10219434699325883&id=1464608383

@Penelopa the thing is exactly being a practicing artist making my living from selling music and digital graphics I know a thing or two about it, also to put a little more context I have been co-founder of the one of the first techno labels in BG back in 2005 as well as currently own independently a record label and a music publishing company since 2012, I represent and manage copyrights and ownership for 12 bands and artists and a total of close to 200 works, I have been involved with layers, I have had to construct multiple of legal contracts that ensure the legal framework and partnerships with each individual artist and work that I manage, also it goes another way with distribution networks and so on an so on... So when I look at NFTs and hear big claims that solves problems like copyrights, ownership and such, makes me want to examine. In order to demonstrate you that it fails in every possible way I will try to simplify it and give simple examples without delving into Laws and legal frameworks... And will just mention, you would have to had encountered those problems in order to realize it, otherwise you as an artist are basically victim of headlines...

So claim number 1 proof of ownership of a digital file (eg Photo, Music file, Video file). Lets examine the following, you are a photographer, you take a photo, you are not tech savvy and havent heard of cryptoart or nft, you post your photo on facebook and instagram at the same time, then I am a person that want to make some money, I know that you only post on those two websites and have close to no followers and you are not a technical person. So I copy your photo and then go to SellCryptoArt.whatever I generate NFTs and start selling your photo in a limited series of 100, I make the sales and get my money in btc, i go around and tumble them to oblivion so no one can track them, then cash out and voila I have made money. Now go and find me and prove it was your artwork to begin with... why did I mentioned facebook and instagram? because by posting an image or whatever on those in the first place you have agreed that every digital file you share there is their ownership, so question who is the owner? You as the person that made the photo? Facebook and instagram as the platforms that you have agreed in the T&Cs when registering, me that I have made a copy of the file? Me as a NFT token assigny? Or those 100 suckers that have bought it? And trough what mechanism the SellCryptoArt.whatever will establish that and how it will enforce it? Then to make it even more fun lets say by the time all that has happened someone have told you about NFTs but you dont know about what I have done, then you go to another platform called DigitalArtSales.crypto and generate another NFT for the same image? What happens then?

Ok lets say you dont post your image in the first place, and generate an NFT for it straight away from your computer, now you have your artwork for sale on a platform called MyArtForSale.crypto and you sell 20 of those to people, but you want to make more buck out of it and you decide to go to BlockchainArt.sales and generate another NFT for the same file and sell it to another 30 people that have no idea that you have had it on another platform... now there are two platforms that can claim ownership of the same artwork and none is enforceable in any way... nor it can be, and to make it funnier no one can stop me of making a screenshot of your work and put it for sale in another 20 platforms... why is all that? Because NFTs and the platforms they live on are that, they are tokens that you have decided to associate your file with on a single platform but that is by no means enforceable, when you generate an NFT you only create a metadata association, and you do not hold the file itself on the blockchain, so that file can still be replicated and distributed countless times, the NFTs is the thing that unique and its association on a particular domain, its not the artwork itself. Thus ownership is a subjective quality eg. its up to you to believe whether that NFT and the artwork associated with it belong to you and wouldn't be replicated elsewhere, and the problem with decentralization and blockchains is that those are software everyone can start his own furthering fragmentation and making it even harder to chose which is the right one that you could entrust to serve as a central authority that will establish and enforce ownership? Its funny that at the end in order to prove and enforce the concept of ownership you end up needing a centralization not decentralization...

Then you go to copyrights and I will just save myself and you the hassle because here we go into the use and the rights of use of a product which are countless and to be honest my head cannot encompass the possible ways that blockchains can serve to enforce any of the cases... a single contract of mine is over 20 pages long listing use-cases and jurisdictions, authorship performance rights and so on and so on... an NFT token on a random ledger does not come close to be proof of anything, the ways of exploiting those is countless and this will be evident very soon, as soon as enough people enter the field and the legal problems start to arise everyone will realize tokens are not solutions, those tokens are only a traceable transaction of information on a random system that has no central authority to conduct or enforce, you can own a hash that has been generated for you, I can enter with a copy of your work and generate hash myself and we end up with two hashes... so here it is. And if you dont believe me, I am happy to prove it to you, chose a crypto artwork, I will go copy it and have another NFT generated for it, will then try to sell it... will make all that using anonymous wallets and demonstrate that ownership and copyright trough NFTs are false promises ;)