NFTs are essentially a decentralized >token. This means that they can be >used to represent anything you might >want to represent with a token, e.g. >ownership of a physical object such as a car or a house; ownership of a digital >asset, such as a website or game
No.
NFTs are not proof of ownership. At best they are the equivalent to receipts, at worse they are mere url links. They are certainly not title deeds, not proof of copyright ownership or anything of that sort. They are just a ledger that person D paid something to person C who paid something to person B who paid something to person A.
Lets use those NFT monkeys as an example. There is literally no proof anywhere on that NFT chain that person A is the rightful copyright owner or has the rights to sell said image. Furthermore, there is no proof that person A gave the rights to person B to resell said image. Or that anyone down the chain sold the complete rights instead of just selling the link to access monkey.jpg
That’s why they’ll fail. Thats why so many movies with a great IP to back them fail. They become more interested in profits than telling a good story.
And thats why great movies like the Lego Movie and Puss in Boots the last wish came out of left field and became huge hits. Because they focused on a great story first.
Maybe this is an initiative by competing platforms? Epic? Ubisoft?
Stir some shit, hope to get valve in legal issues so that they’re legally forced to become less competitive and therefore creating a chance for these other platforms?
Oh damn son. You brought back some painful memories. Imagine tracking down a loved one and finding them but finding out the only thing you can do for them is end their suffering.