NFTs are at least independent and won’t disappear if one corporation goes down. Other than that, they’re one and the same, and it’s insane that the same gamers who worship Valve are often the first to bash NFTs.
Sure, but your entry in the block chain that is just a link to nowhere isn’t much more exciting that telling people about the cool skin you once had in a defunct game.
In one instance, you’d have indisputable proof of ownership, but only your word in the other. The former is not that different from money, which is not even paper these days but a record in a database.
Indusputable proof of ownership of what exactly? The expired domain the nft points to? Nope. Whatever the link once pointed to? Nope. You only have owner ship of that particular urls representation in that particular block chain which confers you exactly nothing else. Not much different to the state you’d be left in with skins in a defunct game as I said.
I’d say a link stored in a network that is decentralized and independent of one central entity has more inherent value than a record of money in a bank. Link rot is a thing, but so is the Web Archive and its alternatives. It’s just that there have to be people who value that record in the same way they value money, but that’s not how it is. Nevertheless, it’s something compared to having absolutely nothing after Valve shuts down. You’d still get to show people the records and say “I had that”, as worthless as it may become by then.
Edit: And to elaborate even further, I remember a Steam event when being the first to obtain a profile badge, which was indicated by its timestamp, was considered valuable and allowed people to join a special invite-only group. Their badge wasn’t even visually unique in any way, but it allowed them to brag and feel a bit more special. They’d get to say “I was there at that time and I did that”, and the badge as their evidence would be independent of any screenshots that could be doctored. NFTs are like that, but more persistent.
NFTs are at least independent and won’t disappear if one corporation goes down. Other than that, they’re one and the same, and it’s insane that the same gamers who worship Valve are often the first to bash NFTs.
Unless it’s the web host for the file, because the nft is just a link. The AWS outage showed that quite clearly.
AWS going down wouldn’t erase the NFT out of existence. Valve closing down would certainly remove every Steam market item.
Sure, but your entry in the block chain that is just a link to nowhere isn’t much more exciting that telling people about the cool skin you once had in a defunct game.
Or if someone else buys the domain name and now your fancy url resolves to porn.
In one instance, you’d have indisputable proof of ownership, but only your word in the other. The former is not that different from money, which is not even paper these days but a record in a database.
Indusputable proof of ownership of what exactly? The expired domain the nft points to? Nope. Whatever the link once pointed to? Nope. You only have owner ship of that particular urls representation in that particular block chain which confers you exactly nothing else. Not much different to the state you’d be left in with skins in a defunct game as I said.
I’d say a link stored in a network that is decentralized and independent of one central entity has more inherent value than a record of money in a bank. Link rot is a thing, but so is the Web Archive and its alternatives. It’s just that there have to be people who value that record in the same way they value money, but that’s not how it is. Nevertheless, it’s something compared to having absolutely nothing after Valve shuts down. You’d still get to show people the records and say “I had that”, as worthless as it may become by then.
Edit: And to elaborate even further, I remember a Steam event when being the first to obtain a profile badge, which was indicated by its timestamp, was considered valuable and allowed people to join a special invite-only group. Their badge wasn’t even visually unique in any way, but it allowed them to brag and feel a bit more special. They’d get to say “I was there at that time and I did that”, and the badge as their evidence would be independent of any screenshots that could be doctored. NFTs are like that, but more persistent.