4 ms·
> The second killer app is NFTs, basically the exchange of art on the chain Art is probably the worst use-case for NFT. NFT work well for memberships, tickets,
by jobigoud 6y ago
> The second killer app is NFTs, basically the exchange of art on the chain
Art is probably the worst use-case for NFT. NFT work well for memberships, tickets, virtual land in games, etc. For art, not so much.
It doesn't solve ownership: any one else can "own" the same piece of art, it's only the NFT that is unique. It doesn't solve scarcity: the author can make more copies and wrap them into other NFTs. It doesn't solve authenticity: any one can wrap existing art into an NFT and sell it.
Basically the only thing NFT art solve is anteriority and possibly authorship: you can prove that you made a piece of art before a certain date, and that you published it first.