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Thing is, daos have potential intrinsic value in the way they decentralize governance. An NFT would only be valuable if it constituted an enforceable contract
by bionhoward 6y ago
Thing is, daos have potential intrinsic value in the way they decentralize governance.
An NFT would only be valuable if it constituted an enforceable contract over some share of future Revenue from use of the object of the contract. Right now, that's not true, thus NFTs are not valuable, cuz they don't earn anything (unless you find a bigger sucker -- but that's speculation, not investing)
Lots of people want to hop on the crypto bandwagon and use it for everything...it's better to use crypto for the things it is really good at: immutability, availability (maybe), nonrepudiation definitely. Confidentiality? Not really...
- TTPrograms 6y agoIt seems perfectly viable to distribute revenues to DAO NFT holders - why do think that's not possible now? Are you saying the contract is not legally enforceable? It seems straightforward to have the DAO distribute any incoming tokens proportionally to NFT holders.
- karpierz 6y agoI believe that GP is talking about real world objects, like an NFT of a song, or a piece of art. The NFT doesn't enable you to enforce distribution of revenues in the real world.
- dcolkitt 6y agoThe creator could transfer the copyright to an irrevocable trust with the mandate of distributing royalties to the NFT smart contract.
- eis 6y agoYou don't need NFTs to distribute anything amongst holders. You can use normal tokens for that already. And tokens have the advantage that they can be devided into various amounts which afaik you can't do with NFTs. In theory you could create one NFT for every unit of share but tokens are much more flexible.
- toomuchtodo 6y agoCan tokens represent equity shares/securities in a company if properly registered with the SEC?