How NFTs are creating a generational divide between platforms

Beyond copyright skepticism, there’s technical skepticism to “true ownership.” The assets players “own” are not stored on the blockchain. It’s simply too expensive (more than $100 per GB and rising) to put large files on each node. Some firms employ IPFS, but centralization and trust rear their ugly head again.

The more interesting opportunity lies with “community owned games” – where enterprise value is not monopolized by equity holders of a studio but funneled entirely to holders of the community token. It will be very difficult for existing game studios to morph into community-owned ones – for the same reason that Epic can’t just dissolve and “convert”... See more

There are mixed feelings about this idea- plenty of NFT artists are excited about monetizing images, plenty of people shrugging and saying it is fake ownership and doesn’t change anything about how files work online anyway (tbd- we’ll see how this settles out in legal spaces), and plenty of people horrified to see artificial scarcity imposed on dig... See more