I *want* to like NFTs but they still seem too incomplete an idea somehow. A piece of a much larger puzzle.
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They are social registers created out of thin air.
I get the urge. I get that something of value exists in manufactured exclusivity.
I do not get how so many young people can justify participating in a scheme that is actively awful for climate change.
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The crypto-concern is one of the more meaningless pieces of bs in climate conversations. It’s nowhere near a top lever on decarbonization, already trending down or negative carbon (for eg due to replacing gas flaring) and is an issue *purely* because it targets “right” villains
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This is the stage where technology looks like a toy.
A lot of extrapolations have been made by people smarter than I. Digital scarcity has a large place to play in the future beyond collectibles.
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any thoughts on this thread? (shameless self Twitter linking)
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first DeFi protocol was the simplest, BTC. Then got ETH, MKR, and everything we see today. Lower value / more complex stuff from here.
first NFTs are collectibles, easiest IP to represent (just link an IPFS hash / jpeg). We’ll see all media, and all IP on chain.
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Once you buy an NFT it exists in a world without context. There will not be one place where all NFTs exist with optimal context
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It doesn't appear to inherently convey copyright, which kinda shoots the use I'd imagined for it (as a buyer).
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It was worth reminding myself that Bugatti could have created more than 450 Veyrons.
At that point I realized that a signed NFT is a validation of the initial instance of work and an introduction of the premise of history into a digital asset.
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