> That is the whole point, I donate to the artist and the artist shows me gratitude by performing an action for me, like including my name in his videos!
If that's what you want that's fine. But there are artists that don't do videos and some people want other kinds of rewards.
Also imagine if e.g. Twitter would implement support for profile pics with NFTs. Then as an owner of a NFT you'd have something unique to display.
Although I don't think there is any problem in doing a NFT like an ebook or a movie that is encrypted and the decryption key would be transferred to the wallet of the buyer when you sell or resell the NFT.
But that's not how NFTs are used currently. Right now it's just "I bought this" (with not many rights being actually bought).
What NFTs allow are open markets for these NFTs. Imagine the million dollar homepage redone with NFTs. Every pixel would be a single NFT. The homepage could automatically be generated from the public data and more importantly, the buyers of the pixels could try to buy more pixels on the open market after all pixels have been sold without the original artist/seller being involved.
Or gaming assets. DLCs today can only be bought from the game developer. There's no secondary market (or at least not a legal one). Why? Because the game developer doesn't get a cut from resold DLCs. With NFTs this could change. The game developer gets a cut on every resell and even more important, you wouldn't be confined to the game developers shop system but could sell the DLCs on any shop that is compatible with the NFT standards.
This opens up new market opportunities.
Right. If you want to support an artist, you can just commision to produce a new original piece.
> That's not machine readable and it needs action from the original artist.
That is the whole point, I donate to the artist and the artist shows me gratitude by performing an action for me, like including my name in his videos!