Re:Web3 is centralized and inefficient
by ALittleLight on Wednesday March 23, 2022 @04:08AM
(#30776161)
I think the idea may be to resell it as memorabilia - which might work for some rare or legendary performance, but, I think, in the typical case will be meaningless.
And even that works way better in physical form. For concerts I still order hardcopy tickets, because I collect them to go through them and remember what bands I have seen live and relive that memory. A digital NFT wouldn't give this justice enough for me.
I'm talking about it as a collectors item.
That is somewhat interesting. But see https://news.ycombinator.com/item?id=30776567
Remember, it's trivially easy to follow transactions on the block chain. So the ticket seller can see whether an NFT has been resold, and can just refuse to honour it. Or only honour the first wallet it was in, regardless of whether it is still there or not.