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Those are all great questions. I honestly don’t expect rich media to be stored on chain for a long, long time - not unless some Pied Piper type solution shows u
by kranke155 4y ago
Those are all great questions. I honestly don’t expect rich media to be stored on chain for a long, long time - not unless some Pied Piper type solution shows up!
On monetisation structures - no idea, the only thing blockchain does is build a permissionless system where people will be able to experiment wildly with different models. Like Jobs said when he launched the iPhone “I’m excited about the stuff we don’t know about” more than what’s out there now (Ethereum being at best now a rough Beta project).
Certainly the monetisation of digital art has changed a lot of what some of my favourite 3D artists have been doing - they no longer compete for likes on Instagram (worthless) but actively promote their NFTs from which they can make good money out of. They are producing the exact same kind of output - digital art - but NFTs are quietly taking over the whole space and changing the whole economic structure.
- pionar 4y ago> actively promote their NFTs from which they can make good money out of. People pay for inherently worthless NFTs with inherently worthless tokens, so they're not making good actual money unless they happen to cash out on an upswing.
- kranke155 4y agoThinking that cryptocurrency doesn't have value at this point is a hopeless perspective.