NFTs might replace Netflix Subscriptions!
Obviously not the best series on NFTs yet, but if you’ve been following this series; one thing for sure is, you realize that NFT isn’t just about creating arts and selling them or buying arts on NFT marketplaces. Check out the previous part, hopefully you’ll be able to get your flight tickets as NFTs in the very near future. NFTs are here to stay, the question is how far it will go in penetrating the most important aspects of human life, especially where it concerns flexible ownership structure and ownership verifications.
We’ve discussed a few of these possible applications and again, we take a look at a few others more.
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Media ownership
Unarguably the most popular application of NFTs. You probably own a number of digital art NFTs. The weirdest images are hitting NFT marketplaces and getting sold for some tangible prices. Artists are jumping in to at least make a living through their craft. Musicians and video content creators are also exploring the chances of distributing ownership rights of their media via NFTs. Non-fungible tokens have proven to be competent in this aspect, obviously.
It’s no news that “NFT arts are overhyped”, arguments about ownership of these sold arts continue to heat up too. Regardless, NFT arts continue to grow even stronger.
Paid online subscription
Netflix and chill? Even if you’re not a fan of movies, you still have to subscribe for a couple of online services. The only tangible change in online subscription since it became a thing is the cost of subscription. The technology, the user interface…basically the same thing. Not really so progressive, in my opinion; especially when there are available alternatives which work even better. Paid Subscriptions in contrast to aforementioned application is rather time-based and not a onetime redemption process.
NFTs still come into play, regardless. Developing NFTs to represent and validate subscriptions will improve the accuracy of financial estimations. Not just that; NFTs are immutable and subscription cannot be maneuvered if they are issued as NFTs.
meal tickets and food stamps
We’ve mentioned ‘tickets’ in almost every part of this series and you’d at least agree that the current tradition of carrying physical tickets is getting boring. It’s arguable if anyone ever found them aesthetically appealing. NFTs are the best bet if we’re ever going to go paperless in ticket vending. Meal tickets, food stamps…presenting these at the counters is so 1980s.
NFT tickets are a perfect replacement. In addition to adding the very much needed flare to the ticket vending system, NFT tickets are easier to disburse, handle and redeem. Redeeming NFT tickets at the counter is as easy as buying coffee with bitcoin lightning network, and easier than surfing through your wallet to find a frail looking paper ticket.
The list is actually inexhaustible; it only takes a little more exposure to realize a couple of other ways digital signatures could replace a number of existing options in some concerned areas. You surely have a few suggestions, share them!
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Good job! You just got yourself a 100% upvote from ACOM. Enjoy!
First of all nft are making a huge changes in all the field we can see more development and it can be used every were in the future.
We can see nft will be sold on Netflix also lol.
Thanks for contributing.
These days NFT are getting so much attention and the one you explain in this post can be a great use case I believe. The future same to you bride and I look forward to have much more in coming years in this space.
Thanks for taking time to read.
Its very common to see nfts sold for millions which kind of seems weird bored ape yacht nfts have been sold for millions which makes the market seems more of hype.
It's obviously a hype, we'll see when and how it ends. I'll stay on the sidelines for this one.
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I don't know exactly some things you mention here ... but yes your spot on ... I was sick on the NFT art hype man, I was like NFT real use cases it should come down to that...
Musicians are making use of NFTS, it helps in copyrights when they sell music as NFT I think...same for art.
Some its hyped that its used for marketing that companies are selling NFTS of a burger, chips etc...that's just for hype right...I can undersantan logo stuff , a chips company selling image of chips as NFT...that's not making sense.
And these NFTs get costly, so its a race to find the next NFT that has potencial rise to exponential ... its so crazy man!!
So, me gets feels NFTS are costly, for the rich to became whales.
Ofcourse, in gaming NFTs are going well, owning assets, that's good.
am looking at just 2 use cases of NFT - copyrights for the work your done - art, music, writing whatever... and property ownership...mostly this!!
Rest...I don't know... air tickets?...you NFTs... we already show image/screen shot of ticket, you want proof of ownership that you own that tiket is it?
Ukraine is fundraising with NFTs... subscription and NFT, I don't know, although some snowcats episote subscription sold out as NFT there Ethereum's founder Vitalik Buterin voiced over for a very mature cat... I forgot that series name, but its awful I saw one episode that came for free...yuck it was..anyway.
that purchase of that series was costly as well...damn yaar NFTs are for rich, not affordable, still very hype hype...
I thought I will get an NFT...from Acala DEFI and I got, but can't open and check, so NFT stuff is not for me):... anyway
First, thanks for such an amazing input!
NFTs are ridiculous, that's the best explanation for what is going on that space right now. But that goes for certain other hypes in crypto. NFTs are a bit different, these prices and the hype simply can't be justified. It's funny and interesting at the same time. We will see what becomes of the Nft space in no distant time.