An NFT is just the ability to prove you own a digital file. That’s it.

Without question, an NFT embodies the ability to prove ownership of a digital file, but that’s not all.

It also provides proof of authorship. That is likely more important than mere proof of ownership.

Let’s say I was able to produce an exact copy of the Mona Lisa, exact all the way down to the molecular level.

It would certainly be valuable. But its value would be nowhere near the value of DaVinci’s original because of who he was.

If you have some cool digital skin that I like, I could copy the file and mint an NFT of that file and then, boom, I own one too.

However, if your skin was minted by a prominent game developer, it would be worth considerably more, because you can prove its authorship, its date and time of creation and the creator.

You will also have proof of its ownership history. Perhaps a famous gamer owned it before you; that could further increase its value.

Mine will simply prove that I own a ‘fake’ copy, which will be pretty much worthless.