Hacker News new | ask | show | jobs
by chrisco255 1905 days ago
Of course we remember CryptoKitties. The makers of CryptoKitties went on to build NBA Top Shots, which is selling hundreds of millions of dollars worth of merchandise:

https://nbatopshot.com/

And even CryptoKitties is still around. Early generation CryptoKitties are still considered collectibles, but of course there's an infinite supply of Kitties, so the rarity is less than say, CryptoPunks (which pre-date Kitties) of which only 10K were minted:

https://opensea.io/assets/cryptopunks?search[sortAscending]=...

There's actually an entire ecosystem of hundreds of thousands of creators, fans, developers, etc working on everything you dismiss. A16Z is investing in many of those projects. Some are happening organically. NFTs will change more than you know.
1 comments
MR4D 1905 days ago
Same was true for Beanie Babies. eBay grew huge because of them.

Today, eBay is around, but not Beanie Babies, at least not in any significant sense.

I think NFT will be the same. Eventually we might put real estate on it and do something useful, just as eBay has become much more than a place to trade Beanie Babies.

link
chrisco255 1904 days ago
Right, but while you can knock on Beanie Babies, how long have other collectibles held up over decades or centuries? Art works from the 15th century are extremely valuable today. If the blockchain is still around in 500 years, is it conceivable that an early gen Crypto Kitty could have a lot of value by then? Of course it is. Video games were looked at as toys for kids, but now have evolved until a multi hundred billion dollar industry, and an early generation video game cartridge or console in good condition is quite valuable (depending on rarity).

Anyways, there will be hits and misses with regards to digital collectibles on the blockchain, but the value of the space as a whole will grow tremendously (multiple hundreds of billions).

link
MR4D 1904 days ago
> Video games...

But that copy of Pac-Man that I have on my raspberry pi is worth exactly nothing.

And an NFT of it should be worth the same unless it gives me other rights (like copyrights, or something else of value).

link
sibeliuss 1904 days ago
Or copyrights! https://news.bitcoin.com/italian-copyright-agency-selects-al...
link