Imagining NFTsby@mastillerof
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Imagining NFTs

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This is a thought experiment. We imagine a digital entity which we call "XYZ". Our XYZ is NFT-like, but not NFT-equal. It resembles a NFT in that it is created, minted, acquired, held and transferred like a NFT. It also resembles many NFTs in that it can be a work of art. But it differs from a NFT in that, in addition, it grants a right that we call "lawtility". Lawtility is the right (in rem in faciendo) of the holder of the NFT, by the mere fact of being the holder of the NFT, to have a third party do something for it. In the imagined case, this is a team of lawyers represented in the metaverse by their counterparts we call "XYZ-replicants", who must provide techno-legal consulting to the XYZ-holder.

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