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by 248ff 1683 days ago
NFT's would seem very, very interesting, except one little detail...

Their current core utility is url-forwarding. So, i have to pay to see the desination url/data ? No ?

In the real world artists voluntary pay a fee to online-marketplaces/auctions/record-labels which in turn provide them with (in order of preference)

a) a secure marketplace (one that only delivers the goods AFTER payment has been processed, not before)

b) an anti-piracy service.

c) marketing/exposure

With NFT not only doesn't 'a' nor 'b' exist, they're of net-negative value, in turn they seem to have an infinite amount of c.

Thus, for an artist the only likely positive outcome with NFT's is exposure/marketing.

I left one charm out. Royalties. You can't collect royalties when the asset is essentially freely distributed.