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by lxdesk 1934 days ago
Use value is easy to assign to an NFT post-facto. That hasn't been really done in the current market(which is, of course, in the midst of a bubble), but:

* Tokens can become tickets to events

* Tokens can become options on commissioned work

* Tokens can become signs of membership

Because the token is guaranteed to be unique, and you can track ownership, there's a fluidity to this that lets you do away with contractual mechanisms. You can reuse the same tokens many times or announce that it will expire(for your use case).

Edit: And platforms can't really own it if it's on a public chain, too. You just copy the chain(see: BinancePunks copying CryptoPunks). So there's that.