> Whether you keep the "real" item to wear or wear a counterfeit is inconsequential. The real value of the item passes along with the NFT to the new owner. The remaining item whether is real or not has vastly less value.

IE, it assumes that attaching an Hermes NFT to Birkin bags would cause Birkin bags to become worthless.

The reduction in incentive to counterfeiters is in direct proportion to a presumed reduction in value of the bags themselves.

I think the more likely outcome would be that the NFT is mostly worthless, but wherever things wind up, it remains as two seperate markets.

Hermes could probably get someone to pay for NFTs they create. Pretending they’re tied to their other goods just adds reputational risk.