The other day I was thinking about badges and the use case of “NFTs” helping support artists.

Artist puts something up for sale, buyer pays, and then they both sign the badge (art) as a receipt. That way if you want to show off that you supported the artist you have the badge (art + sig) but there’s no need to store any of that on chain, because at the end of the day “NFTs” are just transferable receipts. Do they really need to be transferable?

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Discussion

I feel that transferring electronic assets is meaningless unless the asset is custodial or fungible.