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The irony being that Fornite skins are an even closer analogy to NFT collectibles. What you described is exactly why many people collect NFT collectibles. With

The irony being that Fornite skins are an even closer analogy to NFT collectibles. What you described is exactly why many people collect NFT collectibles. With Fortnite skins, the aesthetics, price, clout and access derived are completely beholden to the continued scarcity of the skin as well as beholden to the organization for its continued existence and use anywhere, both of which the organization can modify at any time. The NFT version of this skin has a very transparent and immutable (when properly crafted) supply. The issuer cannot change, and even if they attempted to the market knows which one is the original by earlier time. In a game or metaverse, the NFT version of the skin can convey access outside of that game/metaverse, and be applied as skins in other games, or be used to prove ownership to convey access to physical world events of other metaverses. This is exactly what is happening, right now, right this second, and for months, and what people hoard existing NFTs for and buy new NFT drops for.

bananamerica 5y ago
How is a skin the same as selling a contract for something that does not exist? A skin can actually be used. Besides selling it, what is the use of an NFT?
- vmception 5y ago
  Skin = database entry with metadata NFT skin = database entry with metadata The NFT skin inherits all the capabilities of the skin, except that the database entry cant be modified. You are a programmer right? Do you know the concept of inheritance in programming as it applies here. The market finds value in that assurance. I think you are bringing a lot of inaccurate preconceptions to this concept, there is an opportunity to erase what you knew and look at the concept from this lens: does what I say work? Is this what a portion of the market is doing? If yes, thats all you need to know. Look for those NFTs and ignore the other NFTs.
  - bananamerica 5y ago
    That's just a technical neatpick. The actual distinction is: a skin is something you use. An NFT is not. I do program, sure, but not everything is a programming metaphor.
    - vmception 5y ago
      > The actual distinction is: a skin is something you use. An NFT is not. Is your assertion capable of being proven false, like for you to change your assertion? From where I sit, it only takes 1 person to use an NFT for your entire perspective to be invalidated, but it's not clear to me if thats satisfactory for you. On the off chance you rely on an unfalsifiable view then this is only for anyone else passing by: NFT collections were used during the NFT.NYC conference last week for access to exclusive parties that were not coordinated by the conferenced. Owners of Bored Ape Yacht Club NFTs were able to prove ownership for access to an actual yacht. Many corporate entrants to the space are aiming to replicate this. This will conitnue happening, it will happen at Art Basel, and some people are willing to forego other luxury status items to purchase the relevant NFTs for status and access instead. If one were to move a goal post, would we be debating "use" here? I'm not sure. In the digital space, people use NFTs every at high volume, with games like Axie Infinity having people earn access, and skins and upgrades for characters. Which can be traded off platform because they were NFTs being earned or generated (minted).
      - bananamerica 5y ago
        Hey dude, I know we're on Hacker News but there's no need to come at people with logic fu. There's a rhetorical dimension to language. You can't really "win" like that, were debating, not playing fallacy UNO.
        vmception 5y ago
        What are your thoughts on this reality I described, its at odds with your reality and I’m wondering if you have a response. I may have jumped the gun imagining goal posts moving because its predictable, but I am still curious about your thoughts.

bananamerica 5y ago

How is a skin the same as selling a contract for something that does not exist? A skin can actually be used. Besides selling it, what is the use of an NFT?

vmception 5y ago
Skin = database entry with metadata NFT skin = database entry with metadata The NFT skin inherits all the capabilities of the skin, except that the database entry cant be modified. You are a programmer right? Do you know the concept of inheritance in programming as it applies here. The market finds value in that assurance. I think you are bringing a lot of inaccurate preconceptions to this concept, there is an opportunity to erase what you knew and look at the concept from this lens: does what I say work? Is this what a portion of the market is doing? If yes, thats all you need to know. Look for those NFTs and ignore the other NFTs.
- bananamerica 5y ago
  That's just a technical neatpick. The actual distinction is: a skin is something you use. An NFT is not. I do program, sure, but not everything is a programming metaphor.
  - vmception 5y ago
    > The actual distinction is: a skin is something you use. An NFT is not. Is your assertion capable of being proven false, like for you to change your assertion? From where I sit, it only takes 1 person to use an NFT for your entire perspective to be invalidated, but it's not clear to me if thats satisfactory for you. On the off chance you rely on an unfalsifiable view then this is only for anyone else passing by: NFT collections were used during the NFT.NYC conference last week for access to exclusive parties that were not coordinated by the conferenced. Owners of Bored Ape Yacht Club NFTs were able to prove ownership for access to an actual yacht. Many corporate entrants to the space are aiming to replicate this. This will conitnue happening, it will happen at Art Basel, and some people are willing to forego other luxury status items to purchase the relevant NFTs for status and access instead. If one were to move a goal post, would we be debating "use" here? I'm not sure. In the digital space, people use NFTs every at high volume, with games like Axie Infinity having people earn access, and skins and upgrades for characters. Which can be traded off platform because they were NFTs being earned or generated (minted).
    - bananamerica 5y ago
      Hey dude, I know we're on Hacker News but there's no need to come at people with logic fu. There's a rhetorical dimension to language. You can't really "win" like that, were debating, not playing fallacy UNO.
      - vmception 5y ago
        What are your thoughts on this reality I described, its at odds with your reality and I’m wondering if you have a response. I may have jumped the gun imagining goal posts moving because its predictable, but I am still curious about your thoughts.