4 ms·
NFT are conflated with their dubious use in art but they can be used for other stuff. In particular membership proof between unrelated entities.
by jobigoud 5y ago
NFT are conflated with their dubious use in art but they can be used for other stuff. In particular membership proof between unrelated entities.
- cwkoss 5y agoWhoever makes the first 'secure enough' (for IP industry lobby) DRM solution that uses NFTs for access management of digital content is going to make a ton of money. The hard part isn't the tech (DRM can't be perfect, but it doesn't stop other solutions from being sold), its getting buy-in from the IP industry lobby. They probably cringe at the idea of digital access rights being resold or traded as it erodes their monopoly pricing power. Being able to trade movies and songs at release sounds fun, and I'm sure wallstreetbets style traders would pile in if the ecosystem develops enough confidence. Would also allow content creators to recoup investment much faster at the expense of long tail royalty type earnings - which some may find very attractive.