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Message: <blockquote data-quote="Jer" data-source="post: 8549022" data-attributes="member: 19857">Here's the thing that makes this a scam rather than an actual product - you can do the above without an NFT.  There's a centralized authority that is in control of the digital trophy - VeVe. There is no technical reason that they can't just have a database of people who own the rights to have that image through their app.  In fact they DO have a database of people who have the rights to own that image through their app because they have to have some method of connecting your login on their app to your tokens that are on the blockchain.The value you are getting is NOT coming from the NFT - it's coming from the VeVe app setup.  Which has to be able to be independent of the blockchain because blockchain only stores token information.  So you are getting no value from the fact that this is an NFT in your formulation.So why put it out as an NFT?  Because being an NFT allows you to RESELL your trophy to other people.  With the promise/assumption/wink-wink that these "limited edition trophies" will rise in value from what you paid for them originally.  That's the only thing that can't be done with the app setup off the blockchain. And they could set up a shop to do that in their app BUT crucially it would flop hard because it doesn't have the hype of being an "NFT" around it.ALL of these NFTs are the same "limited edition collector's edition" scam.  But when they're done you don't even have the Funko pop to put on your desk anymore because the company will have packed up their money and left so you won't even have your virtual trophy to enjoy anymore.</blockquote>

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