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The obvious solution to creating digital scarcity is putting the ownership into an NFT. That way you can still “own” a copy of a movie exactly in the same way D
by smaryjerry 5y ago
The obvious solution to creating digital scarcity is putting the ownership into an NFT. That way you can still “own” a copy of a movie exactly in the same way DVDs used to be owned. NFTs aren’t ready for that yet, but one day when there is a centralized platform that becomes the YouTube of NFTs then it may be large enough. None of this will happen without regulation in the space though because right now owning an NFT is no different than say having the movie on Comcast’s website, but being unable to play it from any other application. When regulations making NFTs standard across multimedia occur then there will be true use of NFTs, meaning the websites just become the DVD player, and once you own an NFT of a movie you can play it on any website you link your wallet to so it knows you own that specific NFT. I’d guess that’s at least 20 years away though.