I suggest you read the two posts in full that I linked, as it might make this a little clearer.
I suggest you read the two posts in full that I linked, as it might make this a little clearer.
If there is a centralized authority, the same risk still exists that they can tell you to FOAD like Sony has here.
The songs are distributed DRM-free on IPFS which is peer-to-peer[1]. It remains to be seen how well Camp Chaos and its fans are able to host and pin this into the future as the media storage requirements are heavy - but that is an economic rather than technical discussion.
[1] ipfs://QmYRTuAA61E2kM9izfS13qk8JXTeKPYDWXvtHqqTykwQ7F/Act%202%20Band%201%20-%20Walls.wav
Or listen via CloudFlare, ipfs.io or another gateway:
https://cloudflare-ipfs.com/ipfs/QmYRTuAA61E2kM9izfS13qk8JXT...
But more generally I don't think there's a good technical solution to this problem. You'll never "own" Iron Man, Star Wars or The Godfather in a true sense, only a license which gives you some rights. Even when you bought physical media you weren't allowed to do many things, such as public viewings for instance. Not because of a technical issue, but a legal one.
Camp Chaos and various creative-commons NFT projects are interesting because they generate revenue on the work without having to enforce strict licensing and IP agreements. Users are not buying these tokens to claim "licensing ownership" but "blockchain ownership."
As the previous person said, even if a platform is a distribution point the content still needs to be hosted somewhere and that costs money for storage and transfer. Who pays for that? Studios won't, so then you might think everything would need to be centralised, but then the legal elements would prevent that being created easily, licencing, trust and security would be an issue etc.
Creative content like a film, regardless of who created it, generally gets distributed and adapted for a market at a territorial level with fees being paid to the owner by the local distributor. Nft is a idealistic idea but too removed from reality to be workable.
[1] https://www.billboard.com/pro/camp-chaos-songcamp-nfts-50-pe...
NFTs are not a new economic model. I'm not sure what they are, but they definitely don't solve this.
If you don't understand what something is ("I'm not sure what they are"), then I don't think you can go around telling people what they do/don't solve ("they definitely don't solve this").
We'd be better off sharing opinions about things we do have knowledge about, rather than guessing. And if we do guess, make it clear it's just a guess.
I have unknown pieces of electronics I have no idea what they do, but can be sure it won't be part of my diner.
I also don't know much about NFTs but fully assume they don't solve font subpixel smoothing.
I know how NFTs work, I know how people use them, I don't think it's useful for the things people use it for and I don't know what it might be useful for, though I don't reject the idea it might be useful for something.
None of this is likely to sway massive Hollywood studios. But it may present a new economic model for some independent creators to get paid directly by consumers and fans to produce and distribute work - musicians, artists, filmmakers. See Camp Chaos example. Another example: the filmmakers behind sci-fi film Prospect (2018 - budget of $4M) are now exploring NFT and web3 models for their next production, we will see how successful it is when or if it is finished in a couple years.
It has nothing in common with either of those. It is am ownable token with some data, usually a URL, attached
It it doesn't give you any sort of ownership of the underlying work unless actual legal contracts, licenses, etc, exist to grant those rights to the holder. It absolutely is nothing at all like owning a stock option, share or idea.
So a NTF would not have allowed you to do anything here. Sony would still be required to remove movies from the URLs your NTFs point to and you would be the proud owner of worthless NFTs.
The needed change is legal, not technical. We need laws that protect consumers.