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by kellyreid 1962 days ago
If GigaCorp. goes Busto then the NFT object still exists on-chain, which means the "game effects" are set in stone and the chain-of-custody remains intact.

This allows a "community bailout", whereby the players and any volunteer Devs can continue utilizing the existing smart-contracts to perform game functions.

Further, this allows the rescue-squad to launch a new modified version of the game in a hard-fork - if the Devs abandoned the original game, then the players would largely be in favour of such a hard-fork. This should address your question of the "Renderer", because all the game-piece's metadata and visual data are stored permanently on-chain. As such, it cannot be lost.

An art-piece NFT can be displayed regardless of whether the original minter of the token exists; once it hits the chain, its forever. I should note that _ALL_ of this depends on whether the contracts are truly decentralized. Many games, especially in early dev, have Admin backdoors of some sort; this is not intrinsically "bad", however it is a risk. Some NFT games right now have the capability to lock the entire contract, rendering 100% of the assets functionally un-usable. In this case, we loop back to see-above; community rescue and hard-fork in the case that the original devs just bounce.

in contrast, if Giga Corp had an internal database of assets, the entire chain-of-custody (who owns what, how they got it, what the thing does in-game) is lost forever, the users have _NO_ recourse in this case.

In your guitar example, I would say that another expert guitar-maker could repair and maintain such a guitar. Or, if desired, could attempt a replica. Is it the "original"? No, however it too has intrinsic value as a high quality replica. Further, imagine that this replica improves on some weaknesses in the original 100. These replicas become an homage to the original creators and serve as useful, potentially superior, musical tools.

1 comments

I'm definitely not convinced at all, quite the contrary. But thanks for the perspective.