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by ghaff 1655 days ago
>It feels to me like NFTs are one of those things that sounds really good in concept and seems so sensical and appealing from people in the "business" but looking at it form the outside it seems like just complete nonsenese.

I would have almost said the opposite (for certain use cases).

From a totally rationalist point of view (which many tech people like to think they have), artificial scarcity of digital artifacts--especially those related to fashion--seems like nonsense. However, if you concede that there is a such a thing as fashion, collectibles, etc., why wouldn't it extend to an online environment?

IMO, it breaks down once you aren't owning a digital thing and it just becomes effectively an online receipt for something you don't actually own. But in a game/online world environment it makes as much sense as a lot of unique collectibles. What is also true though is to the degree those collectibles exist within one company's playground, there's no need for decentralized ledgers.