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On steam you are buying licenses and digital assets. An NFT is a pointer to something, not the thing it points to. People who bought NFT of instagram posts own
by dgellow 4y ago
On steam you are buying licenses and digital assets. An NFT is a pointer to something, not the thing it points to. People who bought NFT of instagram posts own a pointer to this post, and that’s it. It’s quite evident now they are winding down the feature, people who bought NFTs of instagram posts own a pointer registered on a distributed ledger that has no use anymore. You can trade it, but without Instagram support it lost its social value. They never bought the asset, they never engaged in a contractual relationship with the artist.
What you seem to want is a kind of tipping or patronage system integrated with Instagram if I understand correctly? Sounds like a cool way to support artists. NFTs are a very contrived way of achieving this.