Debunked Myths

The biggest chuckle in crypto is the idea that when you drop thousands on a Bored Ape NFT, you own the actual JPEG. Spoiler alert: you don't! The NFT is just a supremely fancy, non-fungible certificate of authenticity etched onto a blockchain, usually Ethereum. It functions like a digital title deed that points to where the actual image is stored, which is almost always sitting comfortably on a totally separate server, often far away from the blockchain's safety.

Think of it this way: buying an NFT is like buying a signed sticky note that says, 'I saw this Mona Lisa painting once.' The sticky note is unique, the signature is verifiable, but the Louvre still owns the Mona Lisa, and the artist still owns the **copyright**. Unless the original artist explicitly transfers the IP (with mountains of paperwork), you just get bragging rights and a limited license to look at the picture. If the server hosting the image goes belly-up, your priceless NFT suddenly points to a sad, broken link.

This myth is the result of market madness and technical jargon colliding. We want to believe we're buying something tangible, but in reality, we're buying a proof-of-purchase that the community agrees is valuable. The witty truth? You're paying millions for the **metadata**, not the masterpiece.