Definition ∞ Verifiable ownership denotes the ability to conclusively and transparently prove legal or beneficial possession of an asset, particularly in the digital domain. On a blockchain, this is achieved through cryptographic signatures and immutable ledger entries that publicly record asset transfers and current holders. This eliminates reliance on centralized registries for proof of title.
Context ∞ Verifiable ownership is a fundamental value proposition of non-fungible tokens (NFTs) and other tokenized assets, consistently highlighted in crypto news. The technology allows for unambiguous attribution of digital art, collectibles, and even real-world assets. Debates often address the legal recognition of on-chain ownership and its implications for intellectual property rights and digital commerce.
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