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But that’s merely cryptocurrencies, not NFT. What does NFT bring to the table that just using cryptocurrencies doesn’t?
by Nextgrid 4y ago
But that’s merely cryptocurrencies, not NFT. What does NFT bring to the table that just using cryptocurrencies doesn’t?
- zeroclip 4y agoIn a Bandcamp-like platform, the NFT would be a proof of purchase. When a user purchases your digital NFT album, they can at any point sign a message to get a link to the MP3 or FLAC files. In a Patreon-like and Kickstarter-like platform the NFT might be used just the same, as a proof of purchase to access special content. Or, it could be used as a token or badge of appreciation, such as for being the first patron or a 1-year-continuous patron. The same way GitHub profiles show achievements and who the user is sponsoring. In digital art platforms NFT is as it is already being used: certification and scarcity. There’s other applications like streaming payments with vesting schedule: https://github.com/ourzora/faucets https://github.com/ourzora/faucets