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How do NFTs circumvent scalpers? Scalpers can still buy the supply of tickets and just sell the private keys directly entirely bypassing any resale fee. And bef
by ahtihn 5y ago
How do NFTs circumvent scalpers? Scalpers can still buy the supply of tickets and just sell the private keys directly entirely bypassing any resale fee. And before you say people wouldn't buy private keys because of the risk of the seller giving it to multiple people: that's the same as the current situation.
- Animats 5y agoIf you want to resell an NFT with a contract that takes a cut on transfers, you can wrap the NFT in another NFT that owns the original. Now you've created a tradeable derivative. Ownership is verifiable, and the derivative is tradeable without a cut to the original creator. The owner of the derivative can, if they want, unwrap the item and get back the original NFT. This is like taking physical delivery of a commodity. NFT wrapping as a service already exists.[1][2] In beta. [1] https://toniqlabs.medium.com/wrapped-nfts-8c91fd3a4c1 https://toniqlabs.medium.com/wrapped-nfts-8c91fd3a4c1 [2] https://wrappednfts.com/ https://wrappednfts.com/