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It helps create an industry where people can earn money for designing avatars. That already happened in Second Life, but a more open system could also allow des

It helps create an industry where people can earn money for designing avatars. That already happened in Second Life, but a more open system could also allow designers to use better tools, and of course make it more worthwhile to begin with. Both for designers as well as for users, as there are more things they can do with their avatar. I don't think burning electricity is the important part.

meheleventyone 5y ago
A more open system doesn't need NFTs it needs standards for interoperability of avatars.
- kkjjkgjjgg 5y ago
  Maybe, but so far no company has managed to truly sell digital assets, or have they? If you "buy" an ebook on Amazon or music on Apple Music, it is technically still just borrowed afaik.
  - acdha 5y ago
    How many NFTs are giving you full ownership rather than just a license to link to the content on their servers? Please cite sources. (Hint: it's a lot smaller than the number of digital assets which have been truly sold in the history of the internet. This is not a technical problem.)
    - kkjjkgjjgg 5y ago
      I'm not saying the current incarnation of NFTs is any good.
  - klyrs 5y ago
    NFTs are just links to a resource that's not even hosted on the blockchain; I'm not sure that distinction carries much weight.
    - kkjjkgjjgg 5y ago
      Different implementations seem possible. I don't hold the current state of affairs in high regard, either.
  - meheleventyone 5y ago
    Of course they have, literally billions of times. Digital assets are represented by the intellectual property license you buy because as we know digital assets (and really most things trivially copyable) are not themselves scarce. This is true of NFTs as well, some of which grant no rights what-so-ever and some that do actually grant a license. That license grants you rights to use the asset in a set of circumstances. For example you can hire freelance artists to make models for a videogame and get full rights to the IP. Buying an e-book or music works the same way with less and different rights granted. You can commission an artist right now to build you a VR Chat avatar, a Second Life avatar, a sweet PFP for Twitter and your own set of emoji's to use on Twitch etc. and get full rights to the images created. No NFTs needed. If you want to take your VR Chat avatar into Second Life well that's going to need some kind of standardization not NFTs.
    - kkjjkgjjgg 5y ago
      True you can commission an avatar. But selling it is more complicated. Of course it is not impossible without NFTs, you just need some centralized solution everybody agrees on. I don't think you can sell music you bought from Apple, or ebooks you bought from Amazon?

meheleventyone 5y ago

A more open system doesn't need NFTs it needs standards for interoperability of avatars.

kkjjkgjjgg 5y ago
Maybe, but so far no company has managed to truly sell digital assets, or have they? If you "buy" an ebook on Amazon or music on Apple Music, it is technically still just borrowed afaik.
- acdha 5y ago
  How many NFTs are giving you full ownership rather than just a license to link to the content on their servers? Please cite sources. (Hint: it's a lot smaller than the number of digital assets which have been truly sold in the history of the internet. This is not a technical problem.)
  - kkjjkgjjgg 5y ago
    I'm not saying the current incarnation of NFTs is any good.
- klyrs 5y ago
  NFTs are just links to a resource that's not even hosted on the blockchain; I'm not sure that distinction carries much weight.
  - kkjjkgjjgg 5y ago
    Different implementations seem possible. I don't hold the current state of affairs in high regard, either.
- meheleventyone 5y ago
  Of course they have, literally billions of times. Digital assets are represented by the intellectual property license you buy because as we know digital assets (and really most things trivially copyable) are not themselves scarce. This is true of NFTs as well, some of which grant no rights what-so-ever and some that do actually grant a license. That license grants you rights to use the asset in a set of circumstances. For example you can hire freelance artists to make models for a videogame and get full rights to the IP. Buying an e-book or music works the same way with less and different rights granted. You can commission an artist right now to build you a VR Chat avatar, a Second Life avatar, a sweet PFP for Twitter and your own set of emoji's to use on Twitch etc. and get full rights to the images created. No NFTs needed. If you want to take your VR Chat avatar into Second Life well that's going to need some kind of standardization not NFTs.
  - kkjjkgjjgg 5y ago
    True you can commission an avatar. But selling it is more complicated. Of course it is not impossible without NFTs, you just need some centralized solution everybody agrees on. I don't think you can sell music you bought from Apple, or ebooks you bought from Amazon?