Cryptomedia, NFTs, and the Next Internet
thehundreds.com
Cryptomedia, NFTs, and the Next Internet
1–10 of 22 posts
Re: Cryptomedia, NFTs, and the Next Internet
#2Coming soon, the CryptoKitties IPO?
There really is a market for unique stuff, even useless unique stuff. See Upland, Decentraland, etc., where people are buying virtual real estate. In Decentraland (which is totally centralized) you can at least log into a virtual world and put something on your land. Upland skips that step. You just get tradeable certificates which supposedly represent real-world locations to which you have no rights.
Re: Cryptomedia, NFTs, and the Next Internet
#3It still blows my mind that CPI is not budging. Maybe it is true that we collect useless collectables during times of abundance instead of stuff that we need for survival.
Re: Cryptomedia, NFTs, and the Next Internet
#4Coming soon, the CryptoKitties IPO? There really is a market for unique stuff, even useless unique stuff. See Upland, Decentraland, etc., where people are buying virtual real estate. In Decentraland (which is totally centralized) you can at least log into a virtual world and put something on your land. Upland skips that step. You just get tradeable certificates which supposedly represent real-world locations to which…
I get your point with Decentraland, but the dynamic data is all on the Ethereum network, the static data is all on IPFS, and anyone can run a node and have their own instance of the world for them and their friends to play on.
Sure, they have some hard coded authority for which NFTs get included in their marketplace, but people are free to switch that up on their own instances.
Sure, there are ways in which it could be more decentralized, but it's a hell of a lot more decentralized than anything else like it. I'm doubtful that any further decentralization would provide additional value to the ecosystem. If the devs go crazy though, it would take maybe a day for a handful of people to fork it and correct any leadership issues with the project. So far though, the leadership has been fine IMO.
Re: Cryptomedia, NFTs, and the Next Internet
#5It’s now listed in the blockchain and universally recognized by the world that you are the rightful owner of the work.
No it’s not. Anyone could have put an artwork on the blockchain, even if it’s not theirs. Just because Alice uploaded an artwork doesn’t prove rule out the possibility that Bob was the creator.
Blockchains cannot link to the physical world while keeping their properties of ‘proofs’, yet so many projects seem to ignore this inconvenient fact.
Re: Cryptomedia, NFTs, and the Next Internet
#6I wonder if each audio byte on https://rapbits.com can be its own NFT. That would be kind of fun.
Re: Cryptomedia, NFTs, and the Next Internet
#7It’s now listed in the blockchain and universally recognized by the world that you are the rightful owner of the work. No it’s not. Anyone could have put an artwork on the blockchain, even if it’s not theirs. Just because Alice uploaded an artwork doesn’t prove rule out the possibility that Bob was the creator. Blockchains cannot link to the physical world while keeping their properties of ‘proofs’, yet so many proje…
Lots of work happening now on decentralized oracles to solve this problem.
Re: Cryptomedia, NFTs, and the Next Internet
#8It’s now listed in the blockchain and universally recognized by the world that you are the rightful owner of the work. No it’s not. Anyone could have put an artwork on the blockchain, even if it’s not theirs. Just because Alice uploaded an artwork doesn’t prove rule out the possibility that Bob was the creator. Blockchains cannot link to the physical world while keeping their properties of ‘proofs’, yet so many proje…
This is not attempting to prove something previously unknown, or resolve an active uncertainty of authorship. But if an artist claims ownership over a work/token, and collective history remembers and validates that claim, then you can prove that you own that token.
Re: Cryptomedia, NFTs, and the Next Internet
#9I've become fully immersed. It started with seeing tweets about six weeks ago and lately CH rooms nonstop. NFT's are having a moment. From generative projects, to to NBA Top Shot, CryptoPunks, Beeple, b.20 my mind is blown. I've been painting token-related paintings for a couple years, and digitized my artist persona this past week via OpenSea.
Beeple's Christies auction will be very interesting.
Re: Cryptomedia, NFTs, and the Next Internet
#10It’s now listed in the blockchain and universally recognized by the world that you are the rightful owner of the work. No it’s not. Anyone could have put an artwork on the blockchain, even if it’s not theirs. Just because Alice uploaded an artwork doesn’t prove rule out the possibility that Bob was the creator. Blockchains cannot link to the physical world while keeping their properties of ‘proofs’, yet so many proje…
This is not attempting to prove something previously unknown, or resolve an active uncertainty of authorship. But if an artist claims ownership over a work/token, and collective history remembers and validates that claim, then you can prove that you own that token.
If something is already known and collectively validated by history, then you don’t need a blockchain to prove anything.
Conversely, it is the previously unknown things that would most need some confirmation of authorship, yet here the blockchain concept fails again!