5 ms·
The only case where NFTs genuinely make sense is where multiple services want to cooperate and all voluntarily recognize a user's ownership of some token, but t
by corysama 5y ago
The only case where NFTs genuinely make sense is where multiple services want to cooperate and all voluntarily recognize a user's ownership of some token, but the user does not want any of those services to be in charge of controlling the database that records and validates those tokens.
So, the NBA, NFL and MLB might all hand out "I'm a VIP sports fan" tokens, and Nike, Adidas, Red Bull etc.. might treat you special because of it. You can't dupe it. But, you can transfer it to anyone you want and Nike can't take it back.
- mrweasel 5y ago> But, you can transfer it to anyone you want and Nike can't take it back. That might actually be the two exact reason any of these organisations/companies wouldn’t want to use NFTs for something like VIP tokens.
- corysama 5y agoAgreed. Getting companies to voluntarily put themselves into this position would require some creativity. But, that's what everyone is talking about with "Keep your stuff as you move between metaverses!" How would that work? Each service would have to recognize your ownership of the stuff and have some implementation of how they want to handle it. But, you can't force a World of Warcraft magic axe into Call of Duty if CoD doesn't want you to.
- eterm 5y agoThat makes no sense, if they "treat you special" then they can absolutely control who they treat specially, there's no way to decentralise that.
- corysama 5y agoThere's no way to force any action outside of the blockchain. If you want the blockchain to influence the outside world, that action must be financially motivated.