4 ms·
You can build a marketplace without crypto, though. The question is why crypto is an important enabling feature. E.g. would Axie Infinity be as successful if it
by icambron 5y ago
You can build a marketplace without crypto, though. The question is why crypto is an important enabling feature. E.g. would Axie Infinity be as successful if it simply let you buy/sell assets directly? (Putting aside any of the surrounding discussion of pyramid schemes; I'm not really interested in Axie in particular, more how the concept is supposed to work)
- gilleain 5y agoI am also unsure as to how crypto benefits ownership of assets (eg "Axies"). I looked into NFTs recently, and (to my very simplified understanding) there seems to be: Asset <-> Token <-> Blockchain where the <-> are links of some kind. I understand that the T-B link on the right is secure and uses all the fancy crypto stuff (smart contracts, whatever) . However, the A-T link is less clear to me. Concretely, if you 'own' a Pokeman/Axie then that is the T-B link, but what links the Axie to the token? A URL/URI? So where is that stored - in a database somewhere? It all seems very suspect, but maybe I'm missing something.
- yucky 5y agoI think the bridge into the financial system is the value. In theory, any game could create a way for you to "own" a rare item, and maybe even trade it within the game. But then how do you transfer ownership with a guaranteed exchange that can be cashed for fiat? The exchange would require us to trust each other, and I would paypal you the money? I think the NFT serves not only as the proof of ownership, but the chain of ownership and the escrow as well.