Ubisoft’s first NFT plans make no sense

Re:Ubisoft’s first NFT plans make no sense by progfix on Wednesday December 08, 2021 @01:16PM (#29488287)

Sounds like a convoluted way of gambling on property values? I don't know why you would need NFT or crypto currency for that (other than making the whole scheme sound more complex and important to investors).

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Re:Ubisoft’s first NFT plans make no sense by jedberg on Wednesday December 08, 2021 @01:18PM (#29488314)

It's the easiest way for 3,000 people to own a single building. Managing an LLC with that many owners is an accounting nightmare. It wouldn't make sense to only charge $50 to invest and to pay rent each day if you had to manage it "the old way". The old way being REITs, which I used to invest in, but you lose a lot of money on management fees that way.

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Re:Ubisoft’s first NFT plans make no sense by scotu on Wednesday December 08, 2021 @03:00PM (#29489686)

can't the justification for the management fee (employee doing the accounting etc) be just replaced by centralized software though? What does a blockchain bring?

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Re:Ubisoft’s first NFT plans make no sense by cardosof on Wednesday December 08, 2021 @09:47PM (#29493210)

> What does a blockchain bring? Investors.

Jokes aside, it could be that for some people the public and decentralized history of token ownership is more robust and transparent.

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