this post was submitted on 18 Aug 2023
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A key feature of NFTs has completely broken / Web3 was supposed to make sure the original artist always got paid. Not so much anymore. (www.theverge.com)
submitted 1 year ago by 2tone@lemmy.world to c/technology@lemmy.world
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[–] Natanael@slrpnk.net 1 points 1 year ago (1 children)

Who really wants to buy shares and then trade and sell in significant numbers outside exchanges?

[–] Maturin@sh.itjust.works 1 points 1 year ago (1 children)

The idea is that this would be the software used to run the actual transfer of shares traded on the exchanges rather than what is used today which is just closed ledger entries on books of all the participants. But the current manual process takes multiple days to settle each transaction and this would be instantaneous, and in one transparent distributed ledger.

[–] Natanael@slrpnk.net 1 points 1 year ago

You can do that more efficiently with transparency logs instead