Tertiushand on Nostr: I briefly mentioned this topic in one of #[0] 's posts and instead of cramming this ...
I briefly mentioned this topic in one of Derek Ross (npub18am…p424) 's posts and instead of cramming this on into a reply, I thought I'd flesh out the though on my own post.
I know NFTs get made fun of a great deal and for mostly good reasons, but they're still in their infancy the same way the internet was back in the early 90s. Back when a website was little more than an electronic business card. It wasn't until Web 2.0 until the internet truly became something people cared about.
I see NFTs working the same way. Right now they're being used to identify ownership of some images (the equivalent of static web pages in the 90s), but what if they suddenly replaced product keys for video games.
What if you could sell used video game keys easier than you can go to GameStop and be ripped off by them?
GameStop knows this, that's why they are investing in the NFT market.
That's just one use case. NFTs could find their use in a host of areas, allowing digital content to be owned and sold the way we do physical content now.
I think this will happen when the NFT market stops trying to create obscene scarcity and starts simply using it as a tool for a better business model.
I know NFTs get made fun of a great deal and for mostly good reasons, but they're still in their infancy the same way the internet was back in the early 90s. Back when a website was little more than an electronic business card. It wasn't until Web 2.0 until the internet truly became something people cared about.
I see NFTs working the same way. Right now they're being used to identify ownership of some images (the equivalent of static web pages in the 90s), but what if they suddenly replaced product keys for video games.
What if you could sell used video game keys easier than you can go to GameStop and be ripped off by them?
GameStop knows this, that's why they are investing in the NFT market.
That's just one use case. NFTs could find their use in a host of areas, allowing digital content to be owned and sold the way we do physical content now.
I think this will happen when the NFT market stops trying to create obscene scarcity and starts simply using it as a tool for a better business model.