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A friend said something the other day about NFTs that rings just about exactly right: Humans seem to be in this perpetual fight to artificially reestablish sca
by nlh 6y ago
A friend said something the other day about NFTs that rings just about exactly right:
Humans seem to be in this perpetual fight to artificially reestablish scarcity from the physical world in the digital world. DRM. Invite-only apps. And now NFTs.
The thing that's wonderful about digital is that it should make everything MORE accessible to all, not less.
- asciimo 6y agoNFTs remain fully accessible to everyone, unlike DRM assets and invite-only apps. The difference is that a human can pull out their wallet and prove that they have a high level of status linked to the NFT. This is even better than famous paintings, baseball cards, or Cabbage Patch kids because everyone can have the exact same experience with the thing as the "owner. Though, without the dizzying ego high.
- tablespoon 6y agoYou can say the exact same thing about fake deeds to moon land (e.g. https://lunarland.com/ https://lunarland.com/).
- manigandham 6y agoThese are luxury goods, and luxury has always been built on exclusivity. When real supply is more than enough for demand, marketing and other artificial means are employed and have been used in many industries for a long time. Limited editions, invite-only sales, waiting lists, etc.