Can you imagine, how much money went into all this and where it all ended up? It couldn’t have gone up in flames, it had to end with some people. I don’t think NFT’s as-is have a future, but I think that NFT’s will eventually end up in the hands of the masses in a format that isn’t focussed on profit but more as a means to share, create and own art for digital games etc.
There are countless other examples where some new service gets a lot of funding and eventually dies. Most probably really was spent out without being pocketed, fancy office was rented, state of the art tech used, huge sallaries and ridiculous benefits etc.
I cannot imagine NFTs or crypto in general being widely used. Tech is inefficient and not solving anything better than what we already have been using for years. If someone wants to sell digital art there already are ways like DeviantArt, Patreon etc.
True, I’ve been using DeviantArt and Patreon myself. But when it comes to gaming, there is something in people and wanting to collect. I think that where NFTs might make a difference is in gaming (assuming games won’t be the profit-focussed, web3 “X to earn” kind of game and actually focus on storytelling, gameplay and land well with the masses).
For example, Fortnite uses all kinds of psychological tactics to get people to buy more stuff, folding ideas explains it well: www.youtube.com/watch?v=dPHPNgIihR0
I don’t play the game myself, but I feel that this is where NFT might make a better alternative. You keep that ability to make things collectable without all the nasty bussines tactics (IF implemented that way, ofcourse).
But you could already do all that without NFTs. And if we are talking about transferring items across games which was a popular talking point in the past, I still cannot imagine how it would work and why would any dev implement this. Imagine Fortnite gun later used in Call of Duty.
Yeah moving items across games would be impossible at the moment. But I feel that with nft’s, you at least get to own the item. That, and people get to make their own. It’s not easy to add your own skin to Fortnite, for example.
I don’t want to sound like I’m for NFT’s, but I think if done right, it has a usecase.
Who's going to do it? For a myriad of reasons, including "why would we?" it won't be the game developers. How would it be done without support from the developers?
Also, this already exists in a sense in the Steam Workshop.
Crypto enthusiasts are hopeful that a once-in-four-years event which rewrites the underlying code of the world’s biggest cryptocurrency will extend the current market rally.
Obviously, the ability for a company to make unilateral decisions that severely affect users is a Big Plus for a movement that is advocating for transparency, open access and user control. Perhaps an enterprising lad, laddess or ladx could build the next Reddit, only decentralized.
And as we all know, you need crypto to do decentralization; it's the only way.
Actually you could scrape decentralisation. No one besides the owner can actually be trusted with knowing what's right for the platform, and u/spez even allowing users to revolt proved that, obviously. Just make the next reddit, but with crypto.
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