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RE: NFT ART IS USELESS ... unless it comes with Rights or Utility

Probably the worst use NFT's can get, money laundering, scams and all kind of dangerous situations can happen if the rights aren't propertly explained in the selling.

With all the hype NFT's are having I can't understand how all the media focus in art related NFT's, as you mentioned has much more interesting properties for games, lands and almost every asset real or digital.

The problem with the art is the same as always how do you value a artistic piece?, this is multiplied by the owning rights that NFT's can have. The result is a very blurried frontier where everything is speculative.

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 3 years ago  

if the rights aren't propertly explained in the selling

This is the important part isn't it?
The more i look into it some sites do a tiny bit of work to help delineate rights but it's very lacking.

Maybe some kind of app to identificate the characteristic of every NFT could be a hit, I mean does the code of an NFT register its characteristics in Hive?, or the issuer just specificates his rights and that's not reflected in the code?, ID of the item or whatever?.

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 3 years ago  

it's all about the copyright holder giving a right to someone else and the clearer that intention the less problematic. Essentially they could write some words in the description and it would solve it all... however the platform can help because so many are unfamiliar with these concepts and have no clue this is how things work. Also a platform standardizing this can mean that these things can be searchable and also provide for clearer consistent intentions that both parties understand well and which lead to less possibility of misunderstandings.