this post was submitted on 14 Sep 2023
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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?