[HN Gopher] Show HN: NFTPedia - search and find info on NFTs
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       Show HN: NFTPedia - search and find info on NFTs
        
       Author : richardg
       Score  : 5 points
       Date   : 2021-03-30 20:50 UTC (2 hours ago)
        
 (HTM) web link (nftpedia.co)
 (TXT) w3m dump (nftpedia.co)
        
       | NicoJuicy wrote:
       | NFT's are useless. They just link to a URL.
       | 
       | No property of anyone, but the person who hosts it... And can
       | make it disappear ;)
       | 
       | https://www.vice.com/en/article/pkdj79/peoples-expensive-nft...
       | 
       | Relevant discussion:
       | https://news.ycombinator.com/item?id=26639074
       | 
       | Edit: I'm expecting downvotes. At least explain to me why NFT's
       | aren't worthless with another reason than: "it's worth what
       | people pay for it"
        
         | Fellshard wrote:
         | It's an attempt to create an ownership model for publicly-
         | displayed objects in a way that only communicates value. It's
         | trying to layer this physical-world model onto a virtual world
         | in which those uniqueness constraints don't apply in the same
         | way. At best, it's information broadcasting: "I can certify
         | that these are my artistic tastes, and that I have the money to
         | throw around to show it."
        
         | dumbfoundded wrote:
         | Comments like: "I'm expecting downvotes" contribute little to
         | the conversation.
         | 
         | NFTs btw have plenty of uses, just most of the ones out there
         | getting attention IMO don't. Most of the NFTs now are like
         | trading cards, at least the successful ones. Why is there so
         | much hate for digital trading cards?
         | 
         | As for actual productive uses of NFT, personalized tokens that
         | sell time are one. Several prominent people in the space have
         | self tokenized and sell hours as tokens. Linking NFTs to real
         | assets also shows promise. It makes sense for proof of
         | ownership a large, immutable record of ownership.
         | 
         | NFTs could additionally enable individuals to sell many goods
         | and services with the built-in benefit of price discovery.
         | Let's say I'm an instagram influencer, instead of selling posts
         | through a broker who takes a large cut, I tokenize them and
         | sell them online. If my price is too high, no one buys them. If
         | my price is too low, the market gives me information about how
         | much I should actually charge.
        
           | NicoJuicy wrote:
           | The potential of abuse by it-knowledged people is too big.
           | 
           | > Linking NFTs to real assets also shows promise.
           | 
           | No it doesn't. I wouldn't want my house tradeable on NFT's
           | and it causes more problems for something that's already been
           | solved.
           | 
           | Like crypto coins it lacks a central authority and legal
           | consequences. It's a nice fantasy though.
           | 
           | Additionally, there are plenty of marketplaces to sell
           | products and services. So they aren't solving any problem.
           | 
           | No Amazon that is doing a lot of real world marketing and
           | spending money for that will give much "power to others" that
           | won't help them succeed ...
           | 
           | Ever.
           | 
           | At most, if any would really get popular ( i doubt that),
           | marketplaces will drop their rates and that's it. But this
           | ain't a replacement for eg. The app store either. Since the
           | delivery of a product or service is the easy part. There's a
           | lot of functionality not included in NFT'S, eg. Update of
           | Software or screenshots from a computer screen to proof they
           | spend 10 hours on the service.
           | 
           | All there is now, is a link to an URL...
           | 
           | It's the whole blockchain vs crypto thing. If there idea
           | becomes interesting, it will be developed per country, will
           | not be decentralized or based on top of ethereum.
        
         | [deleted]
        
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       (page generated 2021-03-30 23:02 UTC)