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> I can sell my NFTs on marketplaces completely independent of ubisoft. Even on a public chain, this isn’t true. It’s shocking to me how many people in this sp
by qeternity 5y ago
> I can sell my NFTs on marketplaces completely independent of ubisoft.
Even on a public chain, this isn’t true. It’s shocking to me how many people in this space really don’t know the basics.
An NFT is just a contract that implements ERC-721/ERC-1155. I can implement restrictions around the transfer functions however I like.
- mikegreenberg 5y agoYou're missing the point that this would motivate a marketplace where Ubisoft is not the only portal for these NFT-owned games. nftgamingportal.com could exist which accepts these NFTs (in addition to many others) despite whatever restrictions Ubisoft decides to impose (which they are free to do... they own the walled garden).
- danShumway 5y ago> nftgamingportal.com could exist which accepts these NFTs (in addition to many others) despite whatever restrictions Ubisoft decides to impose Ubisoft's coin is on a public chain right now, and they have restrictions that prevent people from using arbitrary 3rd-party marketplaces to trade the NFTs. So it's a nice theory, but it doesn't seem to be working in practice; being on a public chain isn't currently preventing Ubisoft from restricting other portals. I think people believed this portability was inherent to how NFTs work, that of course anything on a public chain would have to allow 3rd-party marketplaces. But I don't see what mechanisms actually exist to force that outcome; I think that's just a hope that people had rather than an inherent technological property of how blockchain contracts work.
- Paradigma11 5y agoNot really hope, but this is one of the biggest value propositions. If your NFTs give more rights/power to the owner they are going to be more attractive and thus more valuable. On the other hand being able to have more restrictive tokens enables smart contracts to comply with regulations. But for gaming NFTs it really destroys any added value/utility which is something i should have expected of Ubisoft.
- qeternity 5y agoNo, you’re missing the point. That’s just not how NFTs work. I can create NFTs that cannot be traded on other marketplaces.
- Paradigma11 5y agoIts on a public chain: https://tezos.com/ https://tezos.com/ They should be using: https://assets.tqtezos.com/docs/token-contracts/fa2/2-fa2-nft-tutorial/ https://assets.tqtezos.com/docs/token-contracts/fa2/2-fa2-nf... True they could implement arbitrary restrictions.