An NFT confers zero legal ownership over the underlying JPEG - without an intellectual property contract attached, you have no claim. You own the pointer to the image, and that's it.
Moreover, it's fairly clear that the NFT isn't about the art, either - the most popular NFTs are just series of procedurally generated crap, from 400pixel avatars to literal rocks.
You own a pointer.
NFTs don't solve counterfeiting when anybody can create a 'counterfeit' at any time.
Right, just like how you can make a deed that says you own 30 Rockefeller Plaza.
>NFTs don't solve counterfeiting when anybody can create a 'counterfeit' at any time.
never claimed it did, only that NFTs can potentially provide a better way to assign/transfer copyrights than the current system of paper contracts.
I know the pointer cannot be removed from the blockchain but does it contain a hash of the contents? Couldn't someone change what is at the URL.