this post was submitted on 14 Aug 2023
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Sounds kinda sus man
What's sus about creators receiving royalties for their own work?
The sus part is the royalties being tied to unregulated, highly risky "assets"
I don't think your opinion is wrong, just misinformed/uninformed. I share your opinion mire generally about blockchain tech, as it's clearly been used for scams and bullshit.
We're not talking about Bored Ape fake trading card nonsense. We're talking about Game Publishers and re-sellers who want to verify provenance of a file. The publisher (creator) wants to get a cut of a forward sale of the game. That's the speculated way that this would work. Whether it's tied to Gamestop is irrelevant. NFT technology will serve this purpose for all forms of digital media.
Gamestop is just the only service currently offering this benefit when minting your NFT (or was... Maybe it changed)
Ok, I'll hear you out but explain to me how the developers and teams get money from it
Why not just give them financial incentives? Why shoehorn a cryptocurrency derivative into financial incentives?
The publisher mints the NFT. As the creator of the NFT, their wallet will automatically be given a percentage of future sales through smart contracts.
When it goes mainstream, it won't feel shoehorned at all. You probably won't even know you're using the technology unless they decide to emphasize it in marketing materials.
Right now, how would you re-sell a digital game and verify it's an authentic originally purchased copy? Blockchain tech allows for this. That's the incentive for end users. They can know where the file originated and trust the seller. You're not buying a stupid trading card, you're buying digital media with a certificate of authenticity attached.
Edit to add: I'm pro-piracy and generally anti-blockchain (especially as currently used, where we all pretend it's stonks).