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The "art" use case is stupid, yeah.
But the underlying tech ( RGB protocol ) is super amazing imo.
I think the jpeg stuff is just an easy proof of concept use case.
I tend to agree. Tying scarcity to things seems useful generically. Useful for what idk yet.
The one somewhat compelling case I heard is in situations where a physical item is sold with a paper certificate already.
For example expensive watches - you could mint a NFT for a watch. After that, when the watch is sold the buyer is incentivised to demand getting the NFT, because otherwise the watch would be considered fake.
For each sell a small kickback would go back to manufacturer.
Yeah certificate of authenticity. Like the MLB authorizes a signed baseball by Babe Ruth or something.
The video on single-use-seals gives some more insights on this.
https://youtu.be/B_3ntBI8x40
tickets, membership to clubs, licenses to digital media like games / music, land deeds maybe?
one idea i’ve had for a while is bringing back “print runs” of books. print 1000 copies of a first edition book and it never changes. typos and all remain. then do another “print” for an updated copy. just a thought.
Tickets would be the first-mover in my guess. The scale is much bigger than you first think.
Parking tickets, airline tickets, bus, festivals, concerts, movies, conferences, etc
All these industries have essentially parallel invented their own ticket issuance, validation, and expiration networks and they must continually pay to keep that up and running.
Offloading that to a 'public network' like BTC-LN is an obvious winner
yep and with a protocol like RGB, you can do it all without a separate blockchain. lightweight
Isn’t a book not much different than a jpeg though in terms of the value prop? It’s just proof of “ownership,” right?
Well the idea is that if you own the license, then you always get access to it. It's a net gain for the consumer. It's proper ownership.
Compare this to digital goods today where your access can be revoked by Amazon or whoever at any time. Today, you're just a renter.
anyway, something to ponder i guess
How does RGB compare to Sapio?
Here is a little comparison FAQ, but it doesn't look at Sapio: https://www.rgbfaq.com/faq/rgb-vs-alternatives
NFT = garbage