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by Retr0id 1094 days ago
Could you elaborate? There are a lot of proposed NFT usecases that sound superficially useful (e.g. magically preventing secondary sales of event tickets), but don't actually solve any real problems when you think about it properly.
2 comments

In the case of shipping it was about providing a cryptographically verifiable chain of custody for each shipment.

It’s just a cryptographic enhancement of existing systems, but a nice use of the tech (standardized rather than proprietary too).

One company also used smart contracts to update other systems & such automatically. It was quite a nice system, crypto-based or not.

Personally, as a huge crypto skeptic (and I have worked in the space), I think this kind of use has much more long term utility than the gold rush value stores.

The ticket thing you mention could be useful, but I’ve never seen an implementation that was worth any company (let alone Ticketmaster) bothering with. It “solves” a mostly solved problem.

The use case that I am most familiar with (just from reading about) was to allow artists to sell digital work derived real work, and have them benefit financially from any resale of that digital work. Not sure if there's a non-NFT way to accomplish the same.
That's not a property of the NFT so much as a property of the smart contract handling the sale, isn't it?