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NFTs wouldn't help here. I can have NFTs for the games on my steam account but if steam bans me who is honoring my NFT to provide me access to the game? No one.
by ehnto 5y ago
NFTs wouldn't help here. I can have NFTs for the games on my steam account but if steam bans me who is honoring my NFT to provide me access to the game? No one. It's about as good as a paper receipt for a company you didn't purchase the item from.
- rocqua 5y agoIf steam gave you the NFT it would be prove that you actually bought the game. Steam could ofcourse still refuse to honor the purchase.
- ehnto 5y agoI can already do that with receipts, so it doesn't really solve anything for this purpose. Maybe it would help in scenarios where receipts don't make as much sense (international online transactions perhaps?), but all parties involved still have to agree that the NFT means something. The only way I could see NFTs being useful for proof of ownership is if the specific society you're part of has enforcement or regulation that recognizes them as legal contracts of ownership. Unlike cryptocurrency, they don't really provide that until you imbue them with it through a trust mechanism outside of the token itself.