852
Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.
(markets.businessinsider.com)
this post was submitted on 21 Sep 2023
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Technology
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I still think NFTs could be used to make a form of DRM that is actually fair to the consumer, by maki g it so you can resell your digital goods and also make it so your digital rights don't vanish as soon as the seller gets bored. But nobody in a position to make that happen wants that.
How can DRM be fair to the consumer ๐ it is inherently unfair to consumers.
It is theoretically possible to make a system that would let people make personal copies of software, songs etc for backup purposes and do all the other things they should be able to do with something they have bought, without letting them give copies to everyone for free or otherwise go into competition with the creator without doing any work themselves. Just no such system has been made because publishers want an unfair system.