• devils_advocate@lemmy.ml
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    1 year ago

    Nfts will creep in slowly as efficiency gains are realized. They are already being used for airline tickets.

      • devils_advocate@lemmy.ml
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        1 year ago

        Previously you’ve not been able to transfer tickets without third party help. Nor could issuers participate in the profits in the secondary market.

        • I Cast Fist@programming.dev
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          1 year ago

          Not like it couldn’t have been done before without NFTs (Steam cards come to mind), my guess is that there wasn’t any “interest” or “pressure” from high up to do that.

            • I Cast Fist@programming.dev
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              1 year ago

              It would be an issue if every place that cared about those cards crashed. Let’s use a real world example: Decentraland and Vault Hill. Both offer similar services, a “virtual reality metaverse”, not unlike VR Chat or Second Life. Both allow you to buy marketplace items in the form of NFTs, which go straight to your wallet.

              So far, so good. But, right now, neither has any plans to accept the other’s NFTs. I can prove I own something from another game, but the game itself doesn’t care. I also can’t buy Decentraland stuff with VHC tokens, nor Vault Hill items with MANA, which makes them rather centralized.

              As soon as either company crashes and goes bankrupt, everything connected will become useless and lose most or all value. Thus, blockchain wouldn’t fix the issue.

              • devils_advocate@lemmy.ml
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                1 year ago

                neither has any plans to accept the other’s NFTs.

                However, NFTs that are accepted by both will have higher value.

                but the game itself doesn’t care.

                We are starting seeing this on Roblox and Fortnite where skins can pass through to different games. .

                As soon as either company crashes and goes bankrupt, everything connected will become useless and lose most or all value. Thus, blockchain wouldn’t fix the issue.

                That’s exactly what blockchain is fixing. E.g. Your valuable skins don’t disappear when the company running the game you play goes bankrupt.

                That’s the theory. Games companies are at the private blockchain stage but there are some small web3 game developers.

    • Dr. Dabbles@lemmy.world
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      1 year ago

      A single airline in Argentina is experimenting with it in partnership with a bullshit travel company. Hardly the proof that NFTs make any sense anywhere. And of course, the only places this story is getting traction is the blockchain hype blogs, which is red flag #2 and #3.

      • devils_advocate@lemmy.ml
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        1 year ago

        It’s one example of NFTs in real business. Need more?

        • Walmart tracks their supply chain using blockchain.
        • Starbucks loyalty scheme is NFT based
        • Dr. Dabbles@lemmy.world
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          1 year ago

          Odysey isn’t Starbuck’s loyalty program, it’s invite only unless you want to join the wait list, and it’s openly called an experiment at its launch in December 2022.

          NTFs are different to blockchain, so you’re just muddying the waters for yourself with the Walmart thing. Lots of companies do chain of custody things with what you’d call blockchain. It’s been that way for over a decade now. Because it’s low transaction volume, no moronic “proof of…” nonsense, etc. Just hashes signing hashes at different points throughout the supply chain.

          This isn’t the “win” the NFT hype weirdos are desperately hoping for.

          • devils_advocate@lemmy.ml
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            1 year ago

            Facebook started as invite only. Great for an exclusive, loyal customer.

            NFTs are different to blockchain, so you’re just muddying the waters for yourself with the Walmart thing

            Each item is represented by an NFT on the Walmart blockchain. The innovation in the chain of custody is that everyone is verifiably using the same database. It’s a permissioned database, so it’s proof of authority.

            https://hbr.org/2022/01/how-walmart-canada-uses-blockchain-to-solve-supply-chain-challenges

            Private keys sign hashes. Hashes cannot sign hashes because there is no associated private key.