Coming to think of it, putting “n/100” and the artist’s signature on a print, and then considering it more valuable, is not really a lot weirder than an #NFT
The closest way I’ve found to explain the weirdness of #NFT for art: They’re like a signed, numbered limited edition print, but the signature is not on the actual print, and not necessarily even by the artist
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the exclusivity of NFTs only really comes to shine with all the future nft integrations. Skins in games like League of Legends or Fortnite are already a multi billion business. Generalized nft clothing for games might be a multi trillion business in the future.
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Think of it as limited edition adidas shoes that you can only „wear“ in a game if you proof nft ownership. Of course there might be copies, but other players can easily see if the signature of that shoes you are wearing belongs to adidas
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But who needs NFT/Blockchain for this? Since this is all about well known brands (whose authenticity/identity is established outside any blockchain), adidas could just sign proof of purchase with a single digital certificate. Why burn the planet?
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I'd argue that it is both cheaper and more convenient for companies to adopt issuing NFTs on Ethereum L2.
NFTs are a standard based on ERC721 with a common API and there exists countless 3rd party integrations already.
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A proof of purchase certificate is worthless if i can't do anything with it conveniently... adidas would need to define a standard, build a platform and marketplace, integrate with all other clothing brands... on top of this they would need to lock in their users on this platform
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I’ll believe it when the switch has happened
Oct 7, 2021 · 10:55 AM UTC
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