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A comment on Notes on Web3. Parent comment

Re:Notes on Web3 by rburhum on Thursday November 18, 2021 @06:55PM (#29272157)
They don't even need to be NFTs per se. The idea of blockchain-backed ownership is starting to jump everywhere. There are already a few companies like this: https://fraction.co/
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Re:Notes on Web3 by zepto on Friday November 19, 2021 @02:14PM (#29281049)
A few companies is hardly ‘jumping everywhere’.

Also, does anyone actually use fraction? They seem to be just selling a platform.

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Re:Notes on Web3 by rburhum on Friday November 19, 2021 @03:36PM (#29282094)
1) VC action in this space is not just to create shitcoins. And they keep getting bigger because this stuff is being built now. https://fortune.com/2021/11/18/vc-crypto-funds-are-getting-b...

2) The example of fraction is not just a "selling platform", but an actual real problem being solved (fractional ownership of real-world items). In LATAM for example, there are exceptionally convoluted structures to partially build and own low-income centers of commerce (kind of like malls). Fake ownership documents are very common. This solves that problem squarely. There are more real-world use cases like this.

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Re:Notes on Web3 by zepto on Friday November 19, 2021 @04:55PM (#29283085)
> This solves that problem squarely.

Does it? How do you know? It sounds like that may just be an aspiration at this point.

Has this technology actually been used to solve a real world problem? If so where?

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