this post was submitted on 14 Sep 2023
211 points (92.4% liked)
Technology
59243 readers
3422 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
So it kind of sucks they did this, as their implementation of NFT's was a decent use case for NFT's outside of being investments. DRM rights that abide by first sale doctrine even if company dies is a good reason for a blockchain. Too bad they decided to treat it as something to invest in.
What the fuck is a good NFT implementation, something that works? Or something that might be beneficial for humankind like at all?
It's just crap, sha an image, toss it into a blockchain, ... uh, ...profit?
What a scam and waste of people's brains.
The only thing I've heard that made sense was using it for things like contracts? But even then barely.
if the company dies, so does the server that hosts the image that your nft links to. If the company dies, the nft dies with it, regardless of who currently "owns" it, or how many times it's been resold
What rights do you have after a first sale if the company the original contract was with dies? Someone else going to honor your NFT? What if the company also owned the blockchain your NTF is on?