Digital ownership is not new.
Sovereign digital ownership is new.
This is an important distinction to draw. The crucial difference between digital ownership in web2 and digital ownership in web3 (the blockchain-enabled web) is sovereignty.
In web2, you can own digital assets. You can buy an in-game asset, an online ticket, a piece of digital art. Blockchain doesn’t power digital ownership. If you were to buy a concert ticket online and someone were to log into your computer and steal it, you would have legal recourse against them because you own that ticket. Digital ownership exists in web2.
Blockchain powers the sovereign ownership of digital goods. With sovereign ownership, you and you alone have control over your digital assets. No third party can influence, control, or take them.
This is a huge unlock. Instead of relying on third parties to be the custodian of your digital assets, you control them. You hold them. You decide how they are used. Sovereign digital ownership is true digital ownership.
Digital ownership is not new.
Sovereign digital ownership is new.