this post was submitted on 13 Jun 2025
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Possibly through ignorance or misunderstanding, btu I still think the tech behind NFTs may have some function, but it's certainly not the weird pictures of badly colored in monkeys speculation market that happened there.
You know I've been saying this for years now and not a single post I've put up along those lines has EVER been in the positive upvote zone, here or reddit
NFTs are digitally enforcible contracts that can do literally everything a traditional binding legal contract can do and a whole fucktonne of other things on top of it
The whole 'just pictures on a server somewhere' is the TINIEST slice of functionality that NFT frameworks provide.
It's like getting a really well crafted leatherman multitool but only ever using the toothpick for everything
It could potentially work for DRM, in that you can have a key assigned to an identity that can later be transferred and not be dependent on a particular marketplace.
For example, you could buy a copy of whatever next year's Call of Duty game will be, and have the key added to your NFT wallet. Then you could play it on XBox, Playstation, Steam, or GOG with that single license.
Of course that will never happen because that'd be more consumer friendly than we have now.
There are a fucktonne of applications
Fully automatic rentals where your NFT is your key to access
Protection for small time content creators who want to retain control of their content.
Virtually abuse proof copyright system
Game items and characters that are not bound to the game they originate from
Automatic IP rights assignments
Frictionless software and service licensing
Literally anything a standard contract can do
Basically functioning as a digital proof of purchase.
As a digital proof of purchase that can be frictionlessly traded without the permission of the platform it was purchased from.
I.e. you don't need the site you bought the ticket's permission to trade that ticket to someone else