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Personally I've been exploring the concept of proof of ownership in the NFT space. I think there is a lot of potential in the technology that helps benefit crea
by shiohime 5y ago
Personally I've been exploring the concept of proof of ownership in the NFT space. I think there is a lot of potential in the technology that helps benefit creators and cuts out the middle man. I know we are quite a ways out from doing something like this, but it is feasible to do something like self-publish a video game and distribute as tokens, then sell it on a decentralized platform. It would cut platforms like Steam who take a large percentage out of the equation. Of course, Steam as an ecosystem is incredibly valuable, but it's just the first example that came to mind.
Really, the way I look at this is that in the past few years we have had a lot of engineering talent to explore the space and come up with unique products and ideas that the web3 toolkit enables, and we'll continue to see growth in the space.
My first proof of concept dapp I made earlier this year was a scheduling application that allows for you to arbitrarily schedule something on another ethereum address' calendar, assuming that they have initialized their profiles and set their rates, using an escrow to handle all monetary interactions. I could then host my dapp on a file storage system like arweave or IPFS, paying one time for hosting instead of a perpetual hosting fee. It wasn't perfect but it was a fun proof of concept.
But yeah, I think we'll continue to see a lot of innovation in the space, and see some really cool products over the next few years. If you have any doubt, the fact that a company the size of Facebook decided to pivot their company, brand and all, towards metaverse development (which will directly be utilizing NFTs), that should be a signal that web3 is going to continue to evolve.