But just because I sell you a Warframe NFT it doesn’t mean that you have a Warframe item. Sure, you could go to court over it, but that is the case for any other type of contract. NFTs don’t solve any problem.
The more I think about it, Warframe is a bad use case. What would give the NFT power would be the game recognizing it which is still a central authority. DE would be better served by implementing an API that the market could use to make trades.
I think the best use case for NFTs doesn’t really exist yet. The “NFTs don’t solve any problem” argument is limiting your imagination to problems that have already been solved. I think at some point a type of game or software will emerge with no central authority. Maybe a FOSS project with lots of popular forks or a connected network of games from different developers. In this environment, ownership of a digital asset may be something that’s good to transfer between instances or trade between users without having to get all the developers to agree on who gets to control the market.
In that court, you have to be able to provide a lot of documentary evidence to prove the contract was breached as a factual matter. NFTs can be set as immutable events in a log of massive data to sort through.
There are other logistical challenges to it. My point really boils down to the technology got massive negativity publicity while in infancy due to being exploited by con artists.
But just because I sell you a Warframe NFT it doesn’t mean that you have a Warframe item. Sure, you could go to court over it, but that is the case for any other type of contract. NFTs don’t solve any problem.
The more I think about it, Warframe is a bad use case. What would give the NFT power would be the game recognizing it which is still a central authority. DE would be better served by implementing an API that the market could use to make trades.
I think the best use case for NFTs doesn’t really exist yet. The “NFTs don’t solve any problem” argument is limiting your imagination to problems that have already been solved. I think at some point a type of game or software will emerge with no central authority. Maybe a FOSS project with lots of popular forks or a connected network of games from different developers. In this environment, ownership of a digital asset may be something that’s good to transfer between instances or trade between users without having to get all the developers to agree on who gets to control the market.
In that court, you have to be able to provide a lot of documentary evidence to prove the contract was breached as a factual matter. NFTs can be set as immutable events in a log of massive data to sort through.
There are other logistical challenges to it. My point really boils down to the technology got massive negativity publicity while in infancy due to being exploited by con artists.