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Because NFT space was filled with lies, fraud, scams etc.
I hate digital cosmetics items
How NFT would even help here or enforce it?
Because it's a programmable contract. You can set it to do whatever automatically.
I don't even know how you can have NFT fraud. It's not like you're being sold a promise of future dev work, only for the devs to disappear. What you buy is what you get. Some people spent about $180 on gas for an NFT which just said how much gas they paid (which is pretty funny tbh). I have screenshots from the discord of this guy offering a bounty for the location of the devs: 'what will happen to them is none of your concern'. It's their own fault for buying stuff they don't need. If you do some basic checks it's very unlikely you'll be scammed.
And "if they got some set% of the resale value of their art?" is impossible as NFT cannot control what happens outside its blockchain
For example, people promising that NFT can enforce revenue share for artist. Like you just did.
People were selling NFT with promises of riskfree earnings. And other typical get-rich-quick scams. Googling NFT fraud will give you parade of examples.
That's not how it works. They stay on Eth or Sol or whatever chain they're on, that's the whole point. You can only deal with them through the chain they're on.
The whole point is that "got some set% of the resale value of their art" stops working as soon as someone takes art outside blockchain.
Typical image NFT is just a weird link to image, nothing stops people from copying art outside blockchain. Pretending that it is not easy and trivial is a typical fraud by NFT crowd.
Again: NFT is unrelated to ownership of art, does not enforce anything outside blockchain and so on.
Yes? That's known by everyone who's done a 50 second browser search. They're just tokens that confer a certain status/exclusivity. Having a CS:GO knife skin doesn't mean you own the art of the skin. Having a CS:GO skin doesn't mean you can take it off Steam. The 'right-click save' meme is braindead. I can right-click save the Mona Lisa and nobody cares. I can right-click save any gacha game waifu and nobody cares. People want to have them (and no this doesn't mean that Biccus Tittus actually belongs to them in a legal sense, the game might shut down tomorrow and they lose it). People fundamentally do not understand what NFTs are and what the purpose is.
I seriously don't get why everyone on the planet woke up and decided 'let's hate this.' Ok, bored apes and goblins look pretty weird. I don't want them. I wouldn't trade perfectly good Eth for them. That's fine. I just move on.
And @RandomRanger was suggesting that despite this NFT would be useful for following:
no, they cannot do this. They, at most, can ensure that artists get some $ resale value for NFT transactions on blockchain. Which is much less useful.
NFT people kept lying, for start.
I don't think you understand what an NFT is. The WHOLE POINT is that they are on a given blockchain and stay there. That's what tokenization means. Nobody goes around buying and selling actual passwords and keyfiles for all kinds of reasons. It's just like how we sell shares, not trading accounts.
NFT stays on the blockchain. Art does not.
Therefore NFT cannot achieve "Wouldn't it be good for artists if they got some set% of the resale value of their art?".
They, at most, can ensure that artists get some $ resale value for NFT transactions on blockchain.
NFT alone cannot enforce what happens outside blockchain, and if you have authority that can enforce stuff outside blockchain the NFT itself is useless bondoogle.
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