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I think that's the direction it's going. NFTs are a revolution for digital artists tho - as they allow for a global liquid marketplace that enforces automatic r
by kranke155 5y ago
I think that's the direction it's going. NFTs are a revolution for digital artists tho - as they allow for a global liquid marketplace that enforces automatic royalties. That's the power of smart contracts - suddenly I can make digital art that automatically reverts profit from subsequent sales to me - 10% or so at least.
- matheusmoreira 5y agoYeah, that's a totally awesome idea. I'm not exactly sure how it interacts with the realities of copyright though. NFTs currently don't give consumer any rights. They're also completely useless for enforcing artificial scarcity: you can always just download the art instead.
- kranke155 5y agoATM I would say NFTs are little else but a way to pay directly to fund digital artists. I would say they might become useful in an XR world, where XR assets might include companions/digital clothing acessories. Enforcing NFT rights in XR would be more feasible.
- blincoln 5y agoThe NFT itself only enforces any of that on the NFT itself (more or less the sales receipt), not the digital art. What's the incentive to jump through all of the hoops that end up with the artist receiving a percentage of the transaction? Laws? A central commercial organization? The good will of people who like the artist? Then why use a blockchain at all?