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There is so much noise surrounding NFTs, primarily in the form of hot takes and clickbait headlines, I’m exhausted and almost don’t even care to seek out the si
by rewgs 5y ago
There is so much noise surrounding NFTs, primarily in the form of hot takes and clickbait headlines, I’m exhausted and almost don’t even care to seek out the signal being buried by it.
Common sense tells me that NFTs — in the sense that they are non-fungible, immutable entries on a blockchain that cannot reasonably be edited or changed — are brilliant for things such as copyright, ownership (say, a deed to land or a car). They are practically permanent unless the electrical grid goes out, and at that point we’d have bigger problems than proving ownership.
This could also completely change the process of tracking and paying out things such as music royalties.
The list goes on.
Is there any thoughtful content out there regarding “why NFTs (and other blockchain tech) are good” rather than yet another Medium post on why they’re bad, actually? The pessimism is tiring.