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This is where I see NFT's being beneficial. Instead of 1M people spending $10 on a piece of content, they all get it for free, and 10k people spend $1k to becom
by TimJRobinson 4y ago
This is where I see NFT's being beneficial. Instead of 1M people spending $10 on a piece of content, they all get it for free, and 10k people spend $1k to become VIP fans with additional perks, maybe royalties on merch sales, and the ability to re-sell that VIP status.
This is IMO the most internet native way to produce content. Copyright on digital media is a legacy technology that we don't need in world where distribution is basically free and unstoppable.
- compsciphd 4y agoexcept there's no need for blockchain to do that, if it was desired, it could be done entirely by the IP owner (think owning ultraviolet / movies anywhere rights and being able to transfer them to another account).
- TimJRobinson 4y agoAnd then you miss all the composability with existing tools and platforms which is most of the point. It's like saying why use stripe when you could just build your own payment system. Crazy that HN still misses that permissionless composability is the key benefit of blockchains.