5 ms·
What many people seem to do is associate NFTs with art. Art is a subset of what NFTs are used for. We're in that phase where the first apps on the iPhone were t
by gnrlst 5y ago
What many people seem to do is associate NFTs with art. Art is a subset of what NFTs are used for. We're in that phase where the first apps on the iPhone were the beer pouring ones, as that was the only way they could figure out how to use the gyroscopes. More use-cases will come, as the tech matures, the tulip manias fade.
I'm incredibly bearish about art via NFTs, but I see potential in non fungible tokens / smart contracts more broadly. Look at how successful NBA top shot has been...collecting digital moments that can be seamlessly traded on a market place. That's like baseball cards, but more convenient. In a future that will increasingly be more digital and VR is slowly gaining stronger foothold, it will be easier to show your friends your digital collectibles collection than it will be to show your baseball card collection. You can also guarantee its authenticity instead of hoping the shady seller on ebay is honest.