839
Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.
(markets.businessinsider.com)
this post was submitted on 21 Sep 2023
839 points (96.6% liked)
Technology
59300 readers
4818 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
NFTs or blockchains are not needed for this. You could just implement selling or transfers in the content platform.
I do think using contacts for escrow and having the sale being independent from the vendor are cool features, bit not at all essential ones.
Okay but what happens when the platform goes away, or decides to change the rules? That`s the only part I could see NFTs actually potentially answering. If the ownership verification was all done client-side via a blockchain it could potentially survive the shutdown of the store you bought it from.
Don't get me wrong, I can see problems with this. And potentially this could also be done with simple public key cryptography.
Yes, but that's a different, independent problem.