4 ms·

They are easily mass produced, but the companies still limit the supply specifically so there is value for collectors

• gruez 6y ago
  But the same dynamic exists with NFTs. The issuers can limit supply to ensure value for collectors.
  • imtringued 6y ago
    Physical goods have a counterfeiting risk. Is it possible to use NFTs to prevent counterfeiting by verifying that a product is genuine? If not then they really have no use. Physical goods need verification but digital goods can be replicated perfectly. A "bootleg" is just as good as the original so no verification is needed.
    • K0balt 6y ago
      Yes. That is precisely one of their best uses. I'm a dev at pruf.io and this is one of the many things our platform is designed to do.
    • gruez 6y ago
      >Physical goods need verification but digital goods can be replicated perfectly. A "bootleg" is just as good as the original so no verification is needed. The same can be applied to physical goods as well. Why do people pay millions for the original painting, even though they could probably get a replica that's identical to the naked eye for much less? Clearly they're interested in more than it being "as good as the original".