NFT marketplace shuts, citing 'rampant' fakes, plagiarism problem

Re:NFT marketplace shuts, citing 'rampant' fakes, plagiarism... by zmgsabst on Saturday February 12, 2022 @09:06AM (#30312906)

The steelman case for NFTs:

The NFT is the legally agreed upon ledger to track rights that were originally signed away — in a way that can trace their authenticity and ease transactions.

The problem is that NFTs are deeds and a deed is only as good as the issuer. NFTs are the crypto side of the interface, but we’re currently missing the wetware side — trusted providers.

I think the long term vision is:

- artist signs over rights to digital art house

- art house sells the NFT

- valid licenses are signed by wallet privkey as proof

- DRM traces signature against blockchain

(I’m not sure I agree, but I can see uses for digital deeds — once you have reputable providers.)

[ Parent | on HN ]

Re:NFT marketplace shuts, citing 'rampant' fakes, plagiarism... by jrochkind1 on Saturday February 12, 2022 @11:03AM (#30313759)

That's a reasonable plan, although I'm not sure I perosnally agree about the utility of the blockchain there either, but it's not totally insane, I can see it maybe.

People are paying billions for NFT's without that in place though, and I'm not sure how many of the people buying and selling them are aware of or have even thought about that scenario.

So what do we take from that?

[ Parent | on HN ]