843
Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless. (markets.businessinsider.com)
submitted 2 years ago by [M, B] to c/technology@lemmy.world
274 comments fedilink hide all child comments
 

Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.::NFTs had a huge bull run two years ago, with billions of dollars per month in trading volume, but now most have crashed to zero, a study found.

you are viewing a single comment's thread
view the rest of the comments
[–] 9 points 2 years ago* (last edited 2 years ago) (1 child)

NFTs or blockchains are not needed for this. You could just implement selling or transfers in the content platform.

I do think using contacts for escrow and having the sale being independent from the vendor are cool features, bit not at all essential ones.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 1 point 2 years ago (1 child)

    Okay but what happens when the platform goes away, or decides to change the rules? That`s the only part I could see NFTs actually potentially answering. If the ownership verification was all done client-side via a blockchain it could potentially survive the shutdown of the store you bought it from.

    Don't get me wrong, I can see problems with this. And potentially this could also be done with simple public key cryptography.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •