And yet, sometimes the difference matters. It’s all well and good to transfer an NFT on the blockchain, until you can’t, because it’s in a dead wallet. From a legal perspective, you still own the NFT, because you still own the wallet, even though you can’t access it. But from the perspective of the NFT market, you don’t, because the only thing NFT collectors care about is whether you can transfer your NFT to their wallet.
Source: https://www.coindesk.com/consensus-magazine/2023/11/22/1-way-to-revive-dead-nft-wallets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines