4 ms·

Mind sharing just one?

criddell 5y ago
Money laundering.
cle 5y ago
ENS is a DNS alternative that is not controlled by ICANN, where ownership of a name is effectively an NFT. Why might you want that? See https://www.eff.org/issues/icann https://www.eff.org/issues/icann
- randall 5y ago
  Not to mention that IP address blocks are effectively the original NFT.
randall 5y ago
Concert tickets, where the artist gets a pct of fees on scalping.
- prestigious 5y ago
  No reason all concert tickets aren't NFTs in the future.
- ahtihn 5y ago
  Why do you need crypto for that? Just make a standard ticket ecommerce site and add some functionalities for ticket resale.
  - quartz 5y ago
    > Just make a standard ticket ecommerce site and add some functionalities for ticket resale. A generalized system for selling and validating ownership of digital things makes implementing ticketing easier than building an entire digital ticketing ecommerce site up from scratch. Ethereum gives you digital wallets, ownership tracking, ownership verification, resale markets via 3rd parties or p2p, and digital wallets natively.
- ARandumGuy 5y ago
  Can't say I'm a fan of any system that makes ticket scalping easier.
thebean11 5y ago
PAXG, each token is a claim to one physical ounce of gold, held by the issuer. Issued by a fully regulated NYC based financial institution.
- criddell 5y ago
  What happens when the token is lost or destroyed? Is that the only way to claim ownership?
  - thebean11 5y ago
    Unlikely you'd be able to redeem it. The token trades on 3rd party exchanges so there's no way to prove you lost it vs sold it. You have a choice between holding the tokens in a wallet vs on their platform (which is how you'd redeem for physical), I'm sure if you're using the latter it's a different story. I don't know for sure though.
- leppr 5y ago
  PAXG, USDT and similar voucher tokens are not Non Fungible Tokens since they are fungible, you redeem a quantity of gold vs a specific gold bar.
  - deleted 5y ago
    [deleted]
  - thebean11 5y ago
    True, I thought they were asking about tokenized assets in general
rattlesnakedave 5y ago
sure! think of how we currently use cookies in web2. Imagine being able to issue a unique token that does the same thing, but it's stored on the ethereum blockchain. So it can be traded, sold, bought, etc. And there's no clearing the cache. Only invalidation on the server side. The possibilities are both horrifying and wonderful.

Money laundering.

cle 5y ago

ENS is a DNS alternative that is not controlled by ICANN, where ownership of a name is effectively an NFT. Why might you want that? See https://www.eff.org/issues/icann https://www.eff.org/issues/icann

randall 5y ago
Not to mention that IP address blocks are effectively the original NFT.

randall 5y ago

Concert tickets, where the artist gets a pct of fees on scalping.

prestigious 5y ago
No reason all concert tickets aren't NFTs in the future.
ahtihn 5y ago
Why do you need crypto for that? Just make a standard ticket ecommerce site and add some functionalities for ticket resale.
- quartz 5y ago
  > Just make a standard ticket ecommerce site and add some functionalities for ticket resale. A generalized system for selling and validating ownership of digital things makes implementing ticketing easier than building an entire digital ticketing ecommerce site up from scratch. Ethereum gives you digital wallets, ownership tracking, ownership verification, resale markets via 3rd parties or p2p, and digital wallets natively.
ARandumGuy 5y ago
Can't say I'm a fan of any system that makes ticket scalping easier.

thebean11 5y ago

PAXG, each token is a claim to one physical ounce of gold, held by the issuer. Issued by a fully regulated NYC based financial institution.

criddell 5y ago
What happens when the token is lost or destroyed? Is that the only way to claim ownership?
- thebean11 5y ago
  Unlikely you'd be able to redeem it. The token trades on 3rd party exchanges so there's no way to prove you lost it vs sold it. You have a choice between holding the tokens in a wallet vs on their platform (which is how you'd redeem for physical), I'm sure if you're using the latter it's a different story. I don't know for sure though.
leppr 5y ago
PAXG, USDT and similar voucher tokens are not Non Fungible Tokens since they are fungible, you redeem a quantity of gold vs a specific gold bar.
- deleted 5y ago
  [deleted]
- thebean11 5y ago
  True, I thought they were asking about tokenized assets in general

rattlesnakedave 5y ago

sure! think of how we currently use cookies in web2. Imagine being able to issue a unique token that does the same thing, but it's stored on the ethereum blockchain. So it can be traded, sold, bought, etc. And there's no clearing the cache. Only invalidation on the server side. The possibilities are both horrifying and wonderful.