3 ms·
You get the right to say I own this image, jpeg , your ownership is listed on a block chain, it s ridiculous since anyone can copy the image and download it
by riclad 5y ago
You get the right to say I own this image, jpeg , your ownership is listed on a block chain, it s ridiculous since anyone can copy the image and download it since I can get a cd music disc and copy it and rip it there's no record of who buys music cds in a store
It makes no sense to me in that it's just a line of code on a block chain
But then digital games earn far more than people buying games on physical discs epic is earning billions selling emotes dance skins etc in fortnite
If I buy a weapon skin in call of duty vanguard what use will it be to me in 4 years time when my console no longer works and I no longer play call of duty I can't display it or use it or sell it to anyone and its of no use outside the Xbox live network
In theory if you buy a nft you could sell it to someone in a few years like people pay 1000s for an old game company's will probably set up a platform if you buy an image from ubisoft for example of some icon weapon etc you can sell it to anyone whether they play that game or not
Yes it's good for digital artists
but it's really bad for the environment as it takes megawatts of energy to make nfts and keep the blockchain updated equivalent to say burning or using barrels if oil
But we are in a surreal world or a digital gold rush,
If you say we are on the block chain selling nfts digital currency blah blah etc you, ll get
interest from investors your stock might go up . news headlines on tech websites
The potential return could be great and how much does it cost to make digital images put em on a private block chain etc not much
A nft is simply an image jpeg etc with a digital record signature recorded on a block chain digital database that can be inspected is tamper proof as it's verified on many different computers,
The mystery is why pay 1000s of dollars for a nft
If you want to support an artist use patreon or pay a subscription or send them money or buy their merch
You could buy weapon skins emotes costumes 5 years ago in games without the need to use blockkchain
Your items are linked to your steam psn or Xbox live username
Gaming company's already have databases of all the games and items you buy online