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Dead NFTs: The Evolving Landscape of the NFT Market
(dappgambl.com)
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this post was submitted on 24 Sep 2023
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Technology
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It’s not evolution, it’s an extinction event.
Haha one would hope so. I’m not buying any of their "this is the future of NFTs" aspects either. I feel like the only thing that could work are things like in game cosmetics, but that’s controlled by one company and in an controlled environment so why would you need to have an NFT for that.
Tying NFT token to a physical object like a painting and keeping a database of who owns what seems potentially interesting. But why would you need it to be NFT based either, I don't know.
Tying NFTs to a physical object is quite pointless. It can make no guarantees that it’s the only NFT for that physical object, or if the physical object even exists.
Well it's the same as with any document, digital or physical, that shows ownership. Obviously it being NFT wouldn't make it magically legit, same as with anything else.
But like I said I don't really see a point of that kind database being blockchain/NFT based anyway.