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It really doesn’t. Steam or other stores still have to cooperate ro implement the items on each of their stores to make them work on their platform and then hav
by dkersten 3y ago
It really doesn’t. Steam or other stores still have to cooperate ro implement the items on each of their stores to make them work on their platform and then have to honour what the NFT claims. That’s still very heavily replying on the platforms and they can still ban you or pull the item out form under you (and we can trivially see this by the fact that people have been selling things they don’t even own as NFTs).
For it to truly destroy the monopoly, the items that the NFTs represent would have to stand on their own, outside of any particular platform, implemented entirely in the NFT smart contract itself, but outside of the most trivial use cases (eg displaying an image) that’s not a technology that exists as platforms would have to at a minimum agree on a standard interface and functionality of items. Right now, it’s also held back by storage and transaction costs (although some blockchains are cheaper than others).
But even then, if there was a common item standard and you could use that to somehow implement cross platform (or cross game or whatever) items, any particular platform could still decide not to honour it or to ban you or whatever they want.