3 ms·

My knowledge of NFTs comes down to "they're virtual baseball cards for art." Could you give me an example of a valuable NFT which is not just an image?

deleted 5y ago
[deleted]
newacc9 5y ago
"Apefest this week really drove home that BAYC is a: - social club - streetwear brand - art collection - events organizer - media collective" https://twitter.com/beijingdou/status/1456311471613349896?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1456311471613349896%7Ctwgr%5E%7Ctwcon%5Es1_ https://twitter.com/beijingdou/status/1456311471613349896?re...
yokem55 5y ago
ENS names (foobar.eth) are NFT's.
Gigachad 5y ago
NFTs are not an image at all. They are a signed data packet which links to the image because the image itself is too large to fit. It's like buying the receipt for an expensive purchase except you don't really get anything and it still costs a lot. As far as I can tell, the entire thing is hyped by people making lots of money off it and bought by people looking for attention.
kipchak 5y ago
One potential use is consent management healthcare such as consent to participate in a medical trial.[1] "Supply chains" is probably the classic example.[2] [1]https://hedera.com/users/acoer https://hedera.com/users/acoer [2]https://www.weforum.org/agenda/2021/09/if-data-is-the-new-oil-then-enterprise-nfts-are-the-tankers/ https://www.weforum.org/agenda/2021/09/if-data-is-the-new-oi...
- CobrastanJorji 5y ago
  I don't understand how using an NFT for consent improves on signing a consent form.
  - kipchak 5y ago
    I think the intent is more improving the process of managing records than making creation easier and reduce the potential for loss of data, which such a system could address. "Approximately 44% of health care and pharmaceutical organizations experienced a data breach caused by a third party within the last year, according to a report from critical access management firm SecureLink and Ponemon Institute.[7] “Despite this threat, just 41% of healthcare and pharmaceutical organizations have a comprehensive inventory of all third parties with access to their network,” the report said. Sixty percent agreed that managing third-party permissions and remote access to their network can be overwhelming and a drain on resources, and only 44% of these organizations know the level of access and permissions that both internal and external users hold, the report said."[1] Storage as NFTs could potentially be used to store records in a more secure and interoperable manner.[2][3] [1]https://www.jdsupra.com/legalnews/report-on-patient-privacy-volume-21-9257530/ https://www.jdsupra.com/legalnews/report-on-patient-privacy-... [2]https://fortune.com/2021/01/19/hospital-uk-blockchain-vaccines/ https://fortune.com/2021/01/19/hospital-uk-blockchain-vaccin... [3]https://hedera.com/learning/what-is-a-non-fungible-token-nft https://hedera.com/learning/what-is-a-non-fungible-token-nft
PretzelPirate 5y ago
The simplest example is in-game items. Imagine if Magic the Gathering Online (MTGO) sold you NFT Magic cards instead of cards in their database. You could then use those cards in other games (not the art as that’s owned by Wizards) and continue to use them long after MTGO shuts down. There used to be a number of free, online places to play Magic with people but because digital Magic cards weren’t owned outside of Wizard’s database, everyone who played got to use any cards they wanted and so they all sued the best decks with the most expensive cards - it made those places terrible to play in. If the cards were NFTs, we could have those systems know what cards we own even if MTGO shuts down (which it basically has with how few games it supports). I don’t want to invest time/money into digital assets that are only valid for as long as a company chooses to run their servers. I’d rather have an open economy and open access to these items which other developers can use in their games that either recreate the experience of the original, or are completely new ideas. Even using MGTO as an example, there are game variants for Magic the Gathering that the official clients don’t support but independent clients can.

deleted 5y ago

[deleted]

newacc9 5y ago

"Apefest this week really drove home that BAYC is a: - social club - streetwear brand - art collection - events organizer - media collective" https://twitter.com/beijingdou/status/1456311471613349896?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1456311471613349896%7Ctwgr%5E%7Ctwcon%5Es1_ https://twitter.com/beijingdou/status/1456311471613349896?re...

yokem55 5y ago

ENS names (foobar.eth) are NFT's.

Gigachad 5y ago

NFTs are not an image at all. They are a signed data packet which links to the image because the image itself is too large to fit. It's like buying the receipt for an expensive purchase except you don't really get anything and it still costs a lot. As far as I can tell, the entire thing is hyped by people making lots of money off it and bought by people looking for attention.

kipchak 5y ago

One potential use is consent management healthcare such as consent to participate in a medical trial.[1] "Supply chains" is probably the classic example.[2] [1]https://hedera.com/users/acoer https://hedera.com/users/acoer [2]https://www.weforum.org/agenda/2021/09/if-data-is-the-new-oil-then-enterprise-nfts-are-the-tankers/ https://www.weforum.org/agenda/2021/09/if-data-is-the-new-oi...

CobrastanJorji 5y ago
I don't understand how using an NFT for consent improves on signing a consent form.
- kipchak 5y ago
  I think the intent is more improving the process of managing records than making creation easier and reduce the potential for loss of data, which such a system could address. "Approximately 44% of health care and pharmaceutical organizations experienced a data breach caused by a third party within the last year, according to a report from critical access management firm SecureLink and Ponemon Institute.[7] “Despite this threat, just 41% of healthcare and pharmaceutical organizations have a comprehensive inventory of all third parties with access to their network,” the report said. Sixty percent agreed that managing third-party permissions and remote access to their network can be overwhelming and a drain on resources, and only 44% of these organizations know the level of access and permissions that both internal and external users hold, the report said."[1] Storage as NFTs could potentially be used to store records in a more secure and interoperable manner.[2][3] [1]https://www.jdsupra.com/legalnews/report-on-patient-privacy-volume-21-9257530/ https://www.jdsupra.com/legalnews/report-on-patient-privacy-... [2]https://fortune.com/2021/01/19/hospital-uk-blockchain-vaccines/ https://fortune.com/2021/01/19/hospital-uk-blockchain-vaccin... [3]https://hedera.com/learning/what-is-a-non-fungible-token-nft https://hedera.com/learning/what-is-a-non-fungible-token-nft

PretzelPirate 5y ago

The simplest example is in-game items. Imagine if Magic the Gathering Online (MTGO) sold you NFT Magic cards instead of cards in their database. You could then use those cards in other games (not the art as that’s owned by Wizards) and continue to use them long after MTGO shuts down. There used to be a number of free, online places to play Magic with people but because digital Magic cards weren’t owned outside of Wizard’s database, everyone who played got to use any cards they wanted and so they all sued the best decks with the most expensive cards - it made those places terrible to play in. If the cards were NFTs, we could have those systems know what cards we own even if MTGO shuts down (which it basically has with how few games it supports). I don’t want to invest time/money into digital assets that are only valid for as long as a company chooses to run their servers. I’d rather have an open economy and open access to these items which other developers can use in their games that either recreate the experience of the original, or are completely new ideas. Even using MGTO as an example, there are game variants for Magic the Gathering that the official clients don’t support but independent clients can.