What value does an NFT provide in this case? I guess it provides a better proof of the purchase but that hardly seems worth the effort of setting up a wallet and acquiring crypto (for the average person at least). Not to mention the seller also needs to do these things, and I fail to see how he will benefit in this case.

Maybe in a hypothetical world where everyone uses crypto this will make more sense.

[–] Somerefriedbeans@lemmy.ca 0 points 1 year ago (1 children)

I'll just use a small example.. Let's say you have an NFT for a online casino project. Simply holding the nft in your wallet will give you a weekly payout (certain percentage of profits for that week/month)

I use this example because nfts can have many different uses. Another would be gated communities/gated access to online services. Hope that helps it make sense a little

[–] dsemy@lemm.ee 3 points 1 year ago (1 children)

All the examples you give are things that can be done (and are done in practice) without NFTs, and you don’t really explain why using NFTs would be better.

[–] Somerefriedbeans@lemmy.ca 0 points 1 year ago

Damn bro, I guess was wrong. Crypto is totally useless. Sorry for second guessing you