22 karma · joined March 27, 2019
Well said!
TL;DR - NFTs help prove ownership without needing a central authority (which is a big deal) e.g. have you ever been misled and bought a fake concert ticket? It's also huge for the collectibles market which is plagued with high-levels of fraud (which is a billion dollar industry).
- NFTs can also make fractionalized ownership more accessible. So using your analogy, as an artist I release a song but I sell fractions of my song as NFTs to my audience and when I receive royalties it automatically gets distributed to all the nft song owners.
There will be meme NFTs of course (the cat that got sold for $600k), it is a speculative asset that people are experimenting with but I think eventually things will reset and the useful NFTs will remain. They can have real utility whether for a virtual or physical world.
Out of curiosity, can you give examples of privacy friendly ads that indie devs can use?
Still doing this part-time as I have a day job as a Data Scientist at a UK Fintech Alt Lender. Although I have technical skills (I can code python), they aren't that great and I'm looking to partner with someone technical.
I see a big opporunity for this so very likely to go the VC route rather than the Indie route.
If anyone is interested please shoot me an email freddie@earnedit.co.uk.
For more info about me, check out this talk about one of my ML projects https://youtu.be/JyITLcJSM-Q and I also ran a personal finance blog (shutdown the website) https://medium.com/@TheDailyKobo twitter (https://twitter.com/TheDailyKobo)
Out of curiosity, what is the problem with people trying "ridiculous' ideas? Airbnb and Uber were considered ridiculous at the time and look how that turned out. Sometimes ridiculous ideas can turn to fantastic companies that add economic value to the world. The opportunity cost of not chasing these ridiculous ideas is worse than otherwise if you ask me.