NFTs are nothing but a new way to record ownership. It does fuck all about the actual thing it is about.
I could use NFTs to sell my copy of Star Wars to another person. But doing so wouldn’t mean that I actually lose my copy of Star Wars. And neither would it mean that the other person gains a copy of Star Wars. NFTs are not better than a piece of paper recording a sale.
And there are far cheaper ways of recording a sale.
It’s a little more than that. It’s a way of trustlessly proving ownership. Certainly, a company like Valve will be against NFTs because they benefit from having complete control over things like the CS skin market. But I also play Warframe. The main market is an unofficial third party web site which let’s you copy text into chat to organize a sale. It’s clunky. I think the Warframe trading situation would benefit from items being associated with an NFT so the third party service could actually make the trades rather than simply facilitate. DE benefits from trading being a bit awkward so people buy plat instead of trade for it, so that’ll never happen.
Overall, I suspect NFTs will be the most likely of the crypto ideas to actually find some real use cases. Not needing a central authority to verify ownership is too useful of an idea.
But just because I sell you a Warframe NFT it doesn’t mean that you have a Warframe item. Sure, you could go to court over it, but that is the case for any other type of contract. NFTs don’t solve any problem.
NFTs are nothing but a new way to record ownership. It does fuck all about the actual thing it is about.
I could use NFTs to sell my copy of Star Wars to another person. But doing so wouldn’t mean that I actually lose my copy of Star Wars. And neither would it mean that the other person gains a copy of Star Wars. NFTs are not better than a piece of paper recording a sale.
And there are far cheaper ways of recording a sale.
It’s a little more than that. It’s a way of trustlessly proving ownership. Certainly, a company like Valve will be against NFTs because they benefit from having complete control over things like the CS skin market. But I also play Warframe. The main market is an unofficial third party web site which let’s you copy text into chat to organize a sale. It’s clunky. I think the Warframe trading situation would benefit from items being associated with an NFT so the third party service could actually make the trades rather than simply facilitate. DE benefits from trading being a bit awkward so people buy plat instead of trade for it, so that’ll never happen.
Overall, I suspect NFTs will be the most likely of the crypto ideas to actually find some real use cases. Not needing a central authority to verify ownership is too useful of an idea.
But just because I sell you a Warframe NFT it doesn’t mean that you have a Warframe item. Sure, you could go to court over it, but that is the case for any other type of contract. NFTs don’t solve any problem.