In real life, counterfeiting is dealt with at multiple levels: legal, communal, technological. Laws are written to deter the act with punitive measures. Communities share information about how to spot counterfeits. Technology is used to make the act of copying harder.
The folly of NFTs, energy footprint aside, is thinking that a well-written smart contract is all that's needed to stop counterfeits.
The folly of NFTs, energy footprint aside, is thinking that a well-written smart contract is all that's needed to stop counterfeits.