NFT’s also don’t implicitly make you the rightfull owner. The basketball NFT’s content still explicitly belongs to the seller. The only true way for NFT’s to work for digital content is to have a contract that specifically states that the NFT proves ownership, but you might as well write it directly in the contract at that point.
I fail to understand your point. What extra step? You either get ownership or you don’t based on the asset you’ve acquired. NFTs don’t have alto be a once size fits all kind of thing. You are just oversimplifying it. The same can work for physical objects that you purchase. Vehicle manufacturers make it to where you can’t service your own vehicle sometimes because of special tools needed… So do you really own it? Hmmmm
I’ll just use a small example… Let’s say you have an NFT for a online casino project. Simply holding the nft in your wallet will give you a weekly payout (certain percentage of profits for that week/month)
I use this example because nfts can have many different uses. Another would be gated communities/gated access to online services. Hope that helps it make sense a little
Stock ownership also gives you a payout. And yes you can use NFT’s for authorization, but you really don’t need to. That was already possible back in 2005 with some PHP. Although those systems were and still are often centralized and rely on the integrity of the infrastructure and the intentions of the people running it, you can’t host a service on the blockchain. Smart contracts can’t host a site. There still needs to be something in between the blockchain and the client.
I see the potential of a public ledger but most blockchain projects seem to simply use it as a marketing gimmick.
I buy a picture from you on an NFT marketplace, I get an NFT proving I bought it. What value does an NFT provide in this case?
In this case, assuming you’re a trader in this example, you’d be banking on whatever art you purchased to gain further value so you can then sell your certificate of ownership and make a profit. This is no different than art sales/trades IRL. Here’s an art gallery owner discussing using NFTs as certificates of ownership for real world art sales and the added benefits over traditional COOs.
NFT’s also don’t implicitly make you the rightfull owner. The basketball NFT’s content still explicitly belongs to the seller. The only true way for NFT’s to work for digital content is to have a contract that specifically states that the NFT proves ownership, but you might as well write it directly in the contract at that point.
This specifically depends on the project producing the NFTs. Some grant full ownership while some do not.
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I fail to understand your point. What extra step? You either get ownership or you don’t based on the asset you’ve acquired. NFTs don’t have alto be a once size fits all kind of thing. You are just oversimplifying it. The same can work for physical objects that you purchase. Vehicle manufacturers make it to where you can’t service your own vehicle sometimes because of special tools needed… So do you really own it? Hmmmm
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I’ll just use a small example… Let’s say you have an NFT for a online casino project. Simply holding the nft in your wallet will give you a weekly payout (certain percentage of profits for that week/month)
I use this example because nfts can have many different uses. Another would be gated communities/gated access to online services. Hope that helps it make sense a little
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Damn bro, I guess was wrong. Crypto is totally useless. Sorry for second guessing you
Stock ownership also gives you a payout. And yes you can use NFT’s for authorization, but you really don’t need to. That was already possible back in 2005 with some PHP. Although those systems were and still are often centralized and rely on the integrity of the infrastructure and the intentions of the people running it, you can’t host a service on the blockchain. Smart contracts can’t host a site. There still needs to be something in between the blockchain and the client.
I see the potential of a public ledger but most blockchain projects seem to simply use it as a marketing gimmick.
In this case, assuming you’re a trader in this example, you’d be banking on whatever art you purchased to gain further value so you can then sell your certificate of ownership and make a profit. This is no different than art sales/trades IRL. Here’s an art gallery owner discussing using NFTs as certificates of ownership for real world art sales and the added benefits over traditional COOs.
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