Digital Collectables and NFTs - The Future or a Fad? - Chris Titus Tech
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Date: 2022-03-21
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Comments and reviews: 10
Harold
The concept appears to approach DRM very closely. I'm guessing that each item has a unique hash that is tracked across the block chain for each transaction. I could see this being useful for authors who wish to use some form of DRM for digital copies of their books. The same would apply for musicians. The artist enters however many unique versions of a particular piece of work. The software makes negligible alterations to the work that could only be noticed by a computer which gives each a unique hash. The creator then -publishes- them on the blockchain in his own wallet. They are then offered for sale on a market. If devices can be created which require authentication of the work from the blockchain the loop would be closed.
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The concept appears to approach DRM very closely. I'm guessing that each item has a unique hash that is tracked across the block chain for each transaction. I could see this being useful for authors who wish to use some form of DRM for digital copies of their books. The same would apply for musicians. The artist enters however many unique versions of a particular piece of work. The software makes negligible alterations to the work that could only be noticed by a computer which gives each a unique hash. The creator then -publishes- them on the blockchain in his own wallet. They are then offered for sale on a market. If devices can be created which require authentication of the work from the blockchain the loop would be closed.
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Wilhelm
Well NFTs are an interesting technology. I could imagine to use them to display certificates and degrees that are digitally signed by the issuer and recipient. I mean to use them as a digital representation of a -real thing-.
The use of NFTs as collectable items reminds me of tulip mania. The price seems decoupled from the value. At the end of the day, who cares about some image on the blockchain. In my opinion the value of collectables that are not anchored to something real is exactly 0.
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Well NFTs are an interesting technology. I could imagine to use them to display certificates and degrees that are digitally signed by the issuer and recipient. I mean to use them as a digital representation of a -real thing-.
The use of NFTs as collectable items reminds me of tulip mania. The price seems decoupled from the value. At the end of the day, who cares about some image on the blockchain. In my opinion the value of collectables that are not anchored to something real is exactly 0.
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bradleypariah
Nothing disappoints me more than finding out that yet another idiotic idea of one of the Paul brothers is wildly successful. It's not just jealousy. -_Of course_- I wish I thought of it first, but these dipshits simply don't deserve their next meal. They're pure garbage, and the world glorifies them and holds them up anyway. I basically hate the human race. There's like two dozen people on the whole planet worth a ten minute conversation.
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Nothing disappoints me more than finding out that yet another idiotic idea of one of the Paul brothers is wildly successful. It's not just jealousy. -_Of course_- I wish I thought of it first, but these dipshits simply don't deserve their next meal. They're pure garbage, and the world glorifies them and holds them up anyway. I basically hate the human race. There's like two dozen people on the whole planet worth a ten minute conversation.
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Intuitive
Things to remember about topshot... IT'S BASED ON THE NBA!!! NBA Players are enough marketing for the product to be successful. Every year NBA teams draft rookies and those rookies are ALMOST ALWAYS VALUABLE, so now you have re-occurring interest... TopShot is gonna blow up, might even be worth buying shitty commons from series 1 just because they are from series 1, look at MTG/Pokemon/YuGiOh as examples.
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Things to remember about topshot... IT'S BASED ON THE NBA!!! NBA Players are enough marketing for the product to be successful. Every year NBA teams draft rookies and those rookies are ALMOST ALWAYS VALUABLE, so now you have re-occurring interest... TopShot is gonna blow up, might even be worth buying shitty commons from series 1 just because they are from series 1, look at MTG/Pokemon/YuGiOh as examples.
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Jason
Surely in 30 years or so when these 'collectibles' may have gained value, the owner will just click to view it and be prompted with an error such as -Sorry, the codec for this ancient and obsolete file format is unavailable-. At least with a physical trading card, as long as it is well looked after, the owner will still be able to look at it in 30 years.
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Surely in 30 years or so when these 'collectibles' may have gained value, the owner will just click to view it and be prompted with an error such as -Sorry, the codec for this ancient and obsolete file format is unavailable-. At least with a physical trading card, as long as it is well looked after, the owner will still be able to look at it in 30 years.
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Oddio
All this intangible stuff is worthless the second someone/the market deems it not worth something..I just don't get it..I'd rather own something tangible I can hold than something that will eventually be figured out how to be replicated and/or duplicated at some point.
All this -digital- non tangible stuff is ridiculous.
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All this intangible stuff is worthless the second someone/the market deems it not worth something..I just don't get it..I'd rather own something tangible I can hold than something that will eventually be figured out how to be replicated and/or duplicated at some point.
All this -digital- non tangible stuff is ridiculous.
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Dermot
NFTs are coming to XRP with tiny fees and development with physical art dealers too .As it's XRP that means any payment, even fiat. I can see a use case for band merch, digital comic bits and limited/rare music releases. I think this ATM is insane but I can see this being like eBay early days.
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NFTs are coming to XRP with tiny fees and development with physical art dealers too .As it's XRP that means any payment, even fiat. I can see a use case for band merch, digital comic bits and limited/rare music releases. I think this ATM is insane but I can see this being like eBay early days.
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Albion
you can download clips of a sports game and then chop it up and make your own homemade 'nft'...so really I don't see how any of this is collectible or why anyone would pay for such a ridiculous thing...sellers are laughing all the way to the bank
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you can download clips of a sports game and then chop it up and make your own homemade 'nft'...so really I don't see how any of this is collectible or why anyone would pay for such a ridiculous thing...sellers are laughing all the way to the bank
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Guan
Mental Outlaw makes a good point regarding NFT. It'll probably be a conduit for money laundering. Like art pieces. People will pay exorbitant prices for worthless NFT and then sell it on to -clean- the crypto.
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Mental Outlaw makes a good point regarding NFT. It'll probably be a conduit for money laundering. Like art pieces. People will pay exorbitant prices for worthless NFT and then sell it on to -clean- the crypto.
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kevin
Digital collectables, cripto coin etc.... what happens when the use of electricity is taken out of our hands.. power cuts and dark cities.. it is coming. Plus it's a cool way to launder money...
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Digital collectables, cripto coin etc.... what happens when the use of electricity is taken out of our hands.. power cuts and dark cities.. it is coming. Plus it's a cool way to launder money...
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