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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

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?

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?