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Let’s look beyond the “art” NFTs for a moment and think about how else they can be used. NFTs, in addition to being collectibles, can be used to unlock access
by hanklazard 5y ago
Let’s look beyond the “art” NFTs for a moment and think about how else they can be used.
NFTs, in addition to being collectibles, can be used to unlock access to features, like an exclusive chat room or give the holder access to bonus content only available to those X number of NFTs which were minted. Furthermore, secondary markets could easily exist for transferring access, something that is not really doable these days with accounts.
I’m with you that the current art/collectible NFT craze seems a bit much, but I actually think the future utility of this “access” property is where things will get interesting.
- stickfigure 5y agoYou know what's actually useful - today - for compensating artists and unlocking access to features? Patreon. A glorified mailing list with a subscription fee. NFTs are inferior to that; at least the artist gets your email address.
- deleted 5y ago[deleted]
- grey-area 5y agoUnlocking features - you’ve just reinvented a subscription plan. We have those and they work fine, why the blockchain? Secondary markets - why would vendors want or put up with that?! This is explicitly disallowed in most contracts for a reason. There is no utility here, the use value of nfts for tracking ownership and of bitcoin as a currency are both close to zero.