You can think of NFTs as the digital equivalent of stadium naming: T-Mobile Park is not owned or even used by T-Mobile. But they paid for everyone to see their name attached to it. That's all NFTs do, which is not much, but it is not actually a new concept.https://twitter.com/fiddlemath/status/1442576159548399616 …
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Is it more like naming rights and less like saying "My paladin has Cataclysm's Edge (actually both of those things belong to Blizzard)"?
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I mean, an NFT, alone, doesn't even come with enforceable branding rights or anything. How many people are actually gonna *look* at who owns what on the blockchain? You could build that on top, sure, but people aren't even buying *that* now!
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one NFT market comes with some redistribution rights but they are extremely limited and obviously not written by a lawyer. Not great.
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Even if you wanted a ledger saying "this digital asset belongs to so and so," the solution doesn't require blockchain! It's a waste of computing power and energy. (Like so many other crypto projects.)
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What are the real-life benefits of blockchain tech today/near future? Instead of one entity (bank/state) running a cloud, you can run it collectively, hard to misuse power – is that it? Is it cheaper and more secure than a bunch of conventional servers? pls someone educate me!
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I do not know of any current or future potential benefits of blockchain. All benefits that I have heard claimed are benefits you could get in ways that do not involve blockchains. So I'm afraid I can't help here.
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NFTs are just receipts for things you bought eg game DLC.
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Sort of. Without an authority to honor and enforce those receipts, they are useless. Game DLC is enforced by game clients and servers, which raises the question of what value blockchain adds if that system needs to be replicated anyway.
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On any type of ledger, the entries and the assets that they represent are separate entities. Physical items need a unique identifier to be tracked. It can be a serial number, a printed tag, or an RFID. The issues of tracking assets apply to both the physical and digital worlds.
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