I... don't like where those ideas are going. At this point I long for pre-Internet days, where physical media (tapes, CDs, books) achieved the same goal while wasting much less resources than it takes to keep the blockchain that would support the NFTs.
I also think that anything that further solidifies IP enforcement is going to kill the future.
Consider that one of these days, we might progress enough to be able to build something approaching a replicator from Star Trek. The utopian society of the show is built on "too cheap to meter" energy that allows replicators to meet everyone's basic needs (and even fancy whims) for free. But even if we reach a similar level of scientific and technological advancement, we won't be able to realize the utopia part if designs for every replicable goods are owned by a small group of people/companies extracting rent, with technology and law preventing circumvention.
Digital art isn't scarce by its very nature - NFTs are an attempt to re-introduce scarcity, and it's fucking depressing. My childhood dream of improving the world by inventing things is a pipe dream; every bit of progress gets mopped up by the people who need it least.
Artists directly making money from their art without intermediaries taking huge cuts (and with resales giving them a percentage on top of it) is absolutely not going to kill the future, it's just going to incentivize better creation of art. Scarcity makes economic sense for various kinds of art and there are many fields that have been destroyed by the Internet (i.e. music). It's only natural for the solution to also come from it in this manner.
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If the NFTs could be bought and sold, this would finally allow a decentralized secondary market for DRM media.
I... don't like where those ideas are going. At this point I long for pre-Internet days, where physical media (tapes, CDs, books) achieved the same goal while wasting much less resources than it takes to keep the blockchain that would support the NFTs.
I also think that anything that further solidifies IP enforcement is going to kill the future.
Consider that one of these days, we might progress enough to be able to build something approaching a replicator from Star Trek. The utopian society of the show is built on "too cheap to meter" energy that allows replicators to meet everyone's basic needs (and even fancy whims) for free. But even if we reach a similar level of scientific and technological advancement, we won't be able to realize the utopia part if designs for every replicable goods are owned by a small group of people/companies extracting rent, with technology and law preventing circumvention.
Digital art isn't scarce by its very nature - NFTs are an attempt to re-introduce scarcity, and it's fucking depressing. My childhood dream of improving the world by inventing things is a pipe dream; every bit of progress gets mopped up by the people who need it least.
Artists directly making money from their art without intermediaries taking huge cuts (and with resales giving them a percentage on top of it) is absolutely not going to kill the future, it's just going to incentivize better creation of art. Scarcity makes economic sense for various kinds of art and there are many fields that have been destroyed by the Internet (i.e. music). It's only natural for the solution to also come from it in this manner.
Music is flourishing - it's the music industry that has been destroyed by the Internet.
Compared to my industry (indie gaming), indie music is in an objectively way worse state.
But DRM media still requires the server to verify the product. So only part of the ecosystem is decentralized.