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Limiting ourselves to the digital world - does ownership of an NFT give me any more rights to experience or enjoy a piece of work than a non-owner? If someone e

Limiting ourselves to the digital world - does ownership of an NFT give me any more rights to experience or enjoy a piece of work than a non-owner? If someone else wanted to use my Bored Ape as their Twitter photo, could I stop them?

vmception 5y ago
Yes, it does. Bored Ape Yacht Club (BAYC), for example, has physical clubs and events that require users to prove provenance for access. This means signing an address that is a current owner, and applies to both physical and digital access of tertiary goods and services. Signing an address proves access to that address and means they have the private key to move everything. The "right click and save as" "screenshot" and "twitter photo" people would not have access. Even the replicants discussed in the OP here would not have access. Additionally, many popular NFTs, like BAYC, get airdropped many things for attention, some of which have varying degrees of value, or BAYC may be the only ones available to mint another new NFT being dropped. This would be enforced at the code or smart contract level. It is common for many less valuable or otherwise uninteresting NFTs to partner up and collaborate with other NFTs to make this chain of communities. Sometimes that results in some level of value. By common, I mean over the last 5 months in the NFT space. This concept has pre-dated NFT related things, and some of my best trades have been from either receiving airdrops or claiming things that went on to have a lot of value. But I really like some of the worthless things I've claimed too.
- blueski 5y ago
  > "physical clubs and events that require users to prove provenance for access" Feels like the "access to physical events" problem was solved before NFTs. > The "right click and save as" "screenshot" and "twitter photo" people would not have access. But per original question - if I wanted to use any Bored Ape as my Twitter photo, is there anything stopping me? Take your point re: additional digital goods being delivered on chain, just feels a little anemic vs the richness of everything else available for free (or behind a membership) online. If users didn't care primarily about price appreciation, not sure whether that part would be exciting. Maybe it requires the collector gene to be enthused? If so, can these kinds of Web3 applications ever go mainstream as Web2 apps?
  - vmception 5y ago
    > Feels like the "access to physical events" problem was solved before NFTs. I don't really consider it solved, has Ticketmaster solved festival passes in a way everyone likes? When organizers aren't using ticketmaster, is transferring the ticket solved or is it rife with scams and abuse and arbitrary restrictions and guesswork. The tertiary benefit is also not something NFT's are aiming to solve. You asked and got an answer about what people are doing. Not what it was created to do. There is nothing stopping you from using a Twitter photo. Also not something an NFT was claiming to solve. This is just a viral strawman where other people created a use case that wasn't presented and then criticized that use case to discredit the other thing. If you want to pretend to own something valuable or be part of a community you can still do that. I don't really understand what that means to you. I guess that's a good follow up question, what does that mean to you? There is nothing wrong with speculation. This is not exclusive to the NFT space either when it comes to art or any collectible. I'm really having trouble with all the higher standards you are procedurally generating for this one space. In any case, membership is actually a good example. If NYTimes stopped making infinite memberships, paid monthly, and instead limited it to, say, 100,000 memberships and some of their operation was funded by a portion of royalties when one of the membership was traded, what would the memberships cost? What would people be willing to pay? What would NYTimes have to do to make people willing to pay for access to their investigative journalism? All that's happening is that you are seeing price discovery in a place where there was none. Replace NYTimes with one of the finance ones like WSJ, if that's easier. or with Soho House memberships.
    - blueski 5y ago
      > I don't really consider it solved, has Ticketmaster solved festival passes in a way everyone likes? I hate Ticketmaster as much as the next guy, but had a fine experience with the resellers (e.g. StubHub) which offer many things NFTs do not - like customer service (with an actual phone number), a centralized record if I lose my ticket, refunds if the seller mis-represents, no requirement to buy an asset that will likely fluctuate wildly in price, and transaction fees likely lower than gas fees. Not sold on giving up those benefits. > If you want to pretend to own something valuable or be part of a community you can still do that. I don't really understand what that means to you. I guess that's a good follow up question, what does that mean to you? I haven't been part of one of these communities, so hard to comment on the value of being a true member or just appearing to be one. If Bored Apes lost 99% of their value, would the community remain equally rich and engaged? What do they truly have in common? > If NYTimes stopped making infinite memberships, paid monthly, and instead limited it to, say, 100,000 memberships and some of their operation was funded by a portion of royalties when one of the membership was traded, what would the memberships cost? I'm skeptical limiting access to quality journalism and inflating the price can really be counted as a good use case. For a Soho House membership, I'd much prefer to pay a monthly rate based on what I'm receiving - rather than speculate that (a) they'll continue improving the offer, such that the value of my token will increase; (b) the broader NFT market won't crash. Soho House's financial team would also likely want to project their earnings next year without making assumptions around sustained interest in NFTs.

vmception 5y ago

Yes, it does. Bored Ape Yacht Club (BAYC), for example, has physical clubs and events that require users to prove provenance for access. This means signing an address that is a current owner, and applies to both physical and digital access of tertiary goods and services. Signing an address proves access to that address and means they have the private key to move everything. The "right click and save as" "screenshot" and "twitter photo" people would not have access. Even the replicants discussed in the OP here would not have access. Additionally, many popular NFTs, like BAYC, get airdropped many things for attention, some of which have varying degrees of value, or BAYC may be the only ones available to mint another new NFT being dropped. This would be enforced at the code or smart contract level. It is common for many less valuable or otherwise uninteresting NFTs to partner up and collaborate with other NFTs to make this chain of communities. Sometimes that results in some level of value. By common, I mean over the last 5 months in the NFT space. This concept has pre-dated NFT related things, and some of my best trades have been from either receiving airdrops or claiming things that went on to have a lot of value. But I really like some of the worthless things I've claimed too.

blueski 5y ago
> "physical clubs and events that require users to prove provenance for access" Feels like the "access to physical events" problem was solved before NFTs. > The "right click and save as" "screenshot" and "twitter photo" people would not have access. But per original question - if I wanted to use any Bored Ape as my Twitter photo, is there anything stopping me? Take your point re: additional digital goods being delivered on chain, just feels a little anemic vs the richness of everything else available for free (or behind a membership) online. If users didn't care primarily about price appreciation, not sure whether that part would be exciting. Maybe it requires the collector gene to be enthused? If so, can these kinds of Web3 applications ever go mainstream as Web2 apps?
- vmception 5y ago
  > Feels like the "access to physical events" problem was solved before NFTs. I don't really consider it solved, has Ticketmaster solved festival passes in a way everyone likes? When organizers aren't using ticketmaster, is transferring the ticket solved or is it rife with scams and abuse and arbitrary restrictions and guesswork. The tertiary benefit is also not something NFT's are aiming to solve. You asked and got an answer about what people are doing. Not what it was created to do. There is nothing stopping you from using a Twitter photo. Also not something an NFT was claiming to solve. This is just a viral strawman where other people created a use case that wasn't presented and then criticized that use case to discredit the other thing. If you want to pretend to own something valuable or be part of a community you can still do that. I don't really understand what that means to you. I guess that's a good follow up question, what does that mean to you? There is nothing wrong with speculation. This is not exclusive to the NFT space either when it comes to art or any collectible. I'm really having trouble with all the higher standards you are procedurally generating for this one space. In any case, membership is actually a good example. If NYTimes stopped making infinite memberships, paid monthly, and instead limited it to, say, 100,000 memberships and some of their operation was funded by a portion of royalties when one of the membership was traded, what would the memberships cost? What would people be willing to pay? What would NYTimes have to do to make people willing to pay for access to their investigative journalism? All that's happening is that you are seeing price discovery in a place where there was none. Replace NYTimes with one of the finance ones like WSJ, if that's easier. or with Soho House memberships.
  - blueski 5y ago
    > I don't really consider it solved, has Ticketmaster solved festival passes in a way everyone likes? I hate Ticketmaster as much as the next guy, but had a fine experience with the resellers (e.g. StubHub) which offer many things NFTs do not - like customer service (with an actual phone number), a centralized record if I lose my ticket, refunds if the seller mis-represents, no requirement to buy an asset that will likely fluctuate wildly in price, and transaction fees likely lower than gas fees. Not sold on giving up those benefits. > If you want to pretend to own something valuable or be part of a community you can still do that. I don't really understand what that means to you. I guess that's a good follow up question, what does that mean to you? I haven't been part of one of these communities, so hard to comment on the value of being a true member or just appearing to be one. If Bored Apes lost 99% of their value, would the community remain equally rich and engaged? What do they truly have in common? > If NYTimes stopped making infinite memberships, paid monthly, and instead limited it to, say, 100,000 memberships and some of their operation was funded by a portion of royalties when one of the membership was traded, what would the memberships cost? I'm skeptical limiting access to quality journalism and inflating the price can really be counted as a good use case. For a Soho House membership, I'd much prefer to pay a monthly rate based on what I'm receiving - rather than speculate that (a) they'll continue improving the offer, such that the value of my token will increase; (b) the broader NFT market won't crash. Soho House's financial team would also likely want to project their earnings next year without making assumptions around sustained interest in NFTs.