From NFTs to nifties

Most people think NFTs are expensive jpegs. But you can now send millions of NFTs for a few bucks rather than buying one NFT for a few million bucks.

That means NFTs will be as common as likes or RTs. So we need a term for these free, nontransferable, earned NFTs.

Perhaps we call them nifties.

This was the in-vogue term in 2018. And Nifty Gateway tried to lean on this heavily (including its name of course). It didn’t really stick then but maybe it does the next time around. 

The framing that has traction at least right now is that they’re images, videos, songs etc that happen to be onchain.

Ah, helpful.

I think the slight edit to that which I’m thinking about is not so much *content* on-chain (images, videos, songs) but rather *social actions* on chain (likes, stars, follows).

The latter is very useful as it opens up the social backend. Open state database: balajis.com/yes-you-may-need-a-blockchain

I think all of those actions all make sense when the content itself is also onchain.