nicholas
@nicholas
Loose thoughts on “Will NFTs ever be a thing?” NFTs are a tradable data standard. You could store/generate the same data on a contract with no tradable asset. So the question can become “Will people want to trade unique data again?” The answer is an obvious yes, but whether this behavior emerges again within the same virtual machine and according to the same standard is not obvious. What problems did nfts have that could be better solved by a new or reinvigorated nft meta: - data that appeals to non-crypto native users never consistently arrived - most nfts remained static assets bc short term speculative narratives stronger with static data (in round 1)
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nicholas
@nicholas
- blockchain ownership not truly relevant anywhere else on the web except inside dapps - utility of cryptographically provable ownership of unique data not deeply explored as feature to enable other applications. token gate access controls one of the few real use cases - synchronization with gen ai to signal authenticity never landed. as ai proliferates opportunity to improve the cryptographically signed data part of the equation what else do you think a next gen nft meta could solve for people?
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whimsi
@whimsicott.eth
think for me i still want to see NFTs linked to RWA as a form of legit checking / digital receipt in which the transaction is only legit with both parts i.e. buy a louis vuitton bag, get bag + nft 'receipt' (minted by louis vuitton) which allows buyers to validate the item and follow the history all the way back to the factory and allow them to contact other buyers to confirm legitimacy does nothing for speculating on NFT prices but it's the best real world application that i can see working where a user doesn't even know it's technically on-chain (UX would be through the website, attached to their email address that they ordered from with transferring the token to be part of the resale process) unfortunately i think NFTs really require being involved in a whole ecosystem for them to have 'real' value as opposed to speculative value, an example where we've seen nft success is sappy seals
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