The steelman case for NFTs:

The NFT is the legally agreed upon ledger to track rights that were originally signed away — in a way that can trace their authenticity and ease transactions.

The problem is that NFTs are deeds and a deed is only as good as the issuer. NFTs are the crypto side of the interface, but we’re currently missing the wetware side — trusted providers.

I think the long term vision is:

- artist signs over rights to digital art house

- art house sells the NFT

- valid licenses are signed by wallet privkey as proof

- DRM traces signature against blockchain

(I’m not sure I agree, but I can see uses for digital deeds — once you have reputable providers.)