Quote from: Abiky on Today at 09:18:39 PM

Quote from: o48o on June 01, 2023, 10:13:49 PM

Like i already said, you don't own the picture but you own the link.

Concept of owning nfts is debatable becayse it all comes to definition of digital "owning". You don't own the files in a classical sense, and that wouldn't even make sense. You however own the rights to trade it for example. And if we are talking about current usecases, there are now over 10 million reddit nft avatar holders.

There are non-nft avatars in reddit too that you can use to build your avatar. But if you are using NFTs to build your avatar, you can get some rare ones that are very much wanted.

If you are wearing nft avatar you can choose what parts you are wearing from it, and you can combine different nfts. NFT avatars shows up differently and you can't fake wearing them. Those are freely traded in opensea and i think it's one of the first actually cool adopted usecases for nfts. You "own" those NFTs as long reddit is alive and i am thinking it will definitely last for several generations.

And NFTs are just starting, now there is ERC-6551 coming and that's unlocking ton of new possibilities. But i'll wait for it to be tested before i'll get too ecxited

The concept is cool. But we're yet to see the government becoming part of this trend. So far, the vast majority of NFTs being traded on the market are nothing more than a scam. Nowadays, anyone can make an NFT using a picture/image found on the web. This bloats underlying blockchain networks with many unecessary junk. Things are only getting started, so I have high hopes the NFT industry will improve in the long run.

May I ask if the ERC-6551 is what Vitalik calls "Soulbound Tokens (SBT)"? These might become the next big thing in crypto land, as Universities/Colleges and other institutions use them for their own benefit. SBTs might prove to have better use cases than NFTs over time. Who knows when the SBT hype will begin?

Thanks for the mention about that SBT and i might considering on looking further on what it is because im really that finding on some new crypto projects on which i might consider on investing on but due to the fact that there are lots of things that we do have today specially on number of shit projects exist in the market then it would really be that hard to point out which one is legit and which one is really that a scam.

Speaking about NFT then if we do look on Opensea on how it did end up then we could really say that this market turns out to be shit. Lots of those buyers on peak or having bought up with those millions of
dollars when it comes to NFT's are surely in almost 100% loss of their investment because most of the value is kissing into the floor now. Its true that we might be seeing some another adjustments
or enhancement about NFT but im not really that expecting that much. We wont know on what would be the next current trend.