HPIL Holdings (HPIL)

[Duffle Bag Boy 5000]

Buying an original NFT is an investment. Same as buying any other collectible, but a NFT is much more secure as it is a coded certificate of authenticity that cannot be duplicated like 3 dimensional collectibles, which can be forged and made in China a million times over.

My question is not so much the value of a NFT (we know there is value in collectibles by looking at early nft auction hammer prices) but the copyright behind the NFT. In this case photos for sale. I know you cannot sell these photos without permission from the owner, even as newly minted NFTs. So how in the actual fuck can they sell that monroe pic.

I'm inclined to think they are brokers for the pic for the Monroe estate, and would get a hefty commission once sold. Highly unlikely they outright own the pic. As it would most likely go for 7 or 8 figures.

Another possibility is that they bought the rights to make an original nft of it which imo would cost less than the hard copy of the original pic's worth, but still would be pricey.