Why don’t we replace favorites with NFTs?

dojimmy

argyle43 and yes while i agree it changes everything, it is not a change that an overwhelming majority of gamers are welcoming with open arms, and nearly every gamer i speak to is hoping its a passing fad that will fail when the weebs and eboys realise its a waste of time.

argyle43

dojimmy nearly every gamer i speak to is hoping its a passing fad that will fail

well respectfully I don’t see that happening. Crypto currency and NFTs are simply two applications of blockchain technology. Like the Internet, blockchain is here to stay, and like the early Internet it’s currently in a Wild West state full of fads and pets.com stupidity. The bear market we’re seeing (in crypto and with monkey pic NFTs, etc.) is the crypto bubble bursting under the pressure of other economic forces currently underway. I predict it will clean up / purge out most of the bullshit and scams, and over the next year or two the only projects left standing will be legitimate ones that will move blockchain into the future that changes a lot of industries. With those changes will come better understanding and accelerating adoption. Gaming will be one of the big industries that changes for the reasons I described above. I guess only time will tell who’s predicting this correctly though.

dojimmy

argyle43 i agree if done right and in the right places there is definetly intersting possibilitys from NFT and block chain, i just have this vision of so many companys, sites, games etc handling it so poorly, and if that carries on so much of the market share will become dissatisfied to the point they move their attention and purchases elsewhere.

argyle43

dojimmy so much of the market share will become dissatisfied to the point they move their attention

again, I believe this is a function of understanding and adoption in the wake of criminals and scam artists doing a lot of the early thriving in what is a new and often misunderstood technology. If you feel inclined I recommend listening to this whole lecture, but I jumped to the point this guy has made many times to explain how/why Blockchain (BTC is his substitute for the tech at large) is misunderstood and written off, much like automobiles and electricity and any other world-changing technology was when it first hit the scene.

https://youtu.be/LeclUjKm408?t=136

dojimmy

I guess part of my worry in gaming is the gacha element that i can see working its way into nft form, ie open X amount of loot boxss to get pieces of a weapon/item/blueprint/cosmetic that is also an nft, gacha games are punishing enough already without the added nuisence of overpowered items adding to the whale advantages and power creep.

I heard that is basically the plan for nino no kuni also and all of netmarbles new games moving forward, it puts me off even trying them out.

argyle43

dojimmy it’s probably going to take AAA games that are built from scratch on a blockchain and with an accompanying token/NFT economy to get this to the state that gamers will immediately recognize the benefits. Shrapnel and Project Quantum are two such projects that are in these stages of early development. Worth checking out if you’ve never heard of them.

catflap

Honestly if you think the performers deserve more money, please pay them more money (and pass on the cost to us as subscribers)

doublevr

Rakly3 actually I'm not aware of any sustainable nft application, nor anyone was ever able te reply me on that

Rakly3

doublevr telephone numbers, license plates, addresses. Web addresses. IP's

Non Fungible Token just means they are not interchangeable. 'Normal' tokens (ie 1 dollar bill) are.

When you apply this to digital assets, people would have to share their personal wallet (like your bank account) or, depending on what kind of system you use, can be traced back to who leaked it. You could disable all pirated copies, etc...

NFT isn't something magical. It literally means non-interchangeable identifier.

NFT does not mean some image, or game asset, those are just ONE use case of NFT.
I'm not talking about building a trading platform for NFT's. In this use-case I'm proposing it does not make a lick of difference for the users or if they are even aware of it.

doublevr

abcrebel our updates are intended to make things better, not worse. You are not going to lose a thing anytime soon 👌

doublevr

OttselWithPants all good. The op was intended to discuss ideas. We won't introduce anything until we have a clear vision and see it's making life of our users and us the users better

I would much prefer efforts were spent on things the community have actually shown interest in.

Please let me know about those

Rakly3

all good. The op was intended to discuss ideas. We won't introduce anything until we have a clear vision and see it's making life of our users and us the users better

But the thing we want to introduce is not what people think of when they hear 'NFT'

doublevr

uselinux What exactly would be the logic for lifetime NFTs?

Introducing NFTs for favorites makes it more personalized. Potentially each creator and performer can have their own nfts. Some part of SLR Premium pool might be assigned to these NFTs thus giving them some real value. Otherwise these Nfts should function exactly like likes, just adding some more features on top of it. Not a single feature of favorites is going to be lost in transition.

Actually I’m just messing around with the idea. I don’t fully understand how it works, nor I can think of anyone who can make sense of it or provide some actual usecase.

Potentially we can introduce NFT for pay per video.

What provider should we go with for that? Let me know if you’d like to join our effort to make things work

uselinux

doublevr
Thanks for clarifying things.

The lifetime NFT would act similar to a product key in software. The difference being that a user must be able to verify they posses it and blockchain can guarantee that is trustable. Users would also have the option to gift, buy, or sell these. Small opportunity to create a market to facilitate this and earn a little in fees despite there already having been that one-off sell per unit. These could be used with any service that accepts them without SLR needing to provide any kind of api or data. Such as an unofficial event for lifetime members. SLR would issue and be paid for the NFT's initially so motivations for other parties is definitely lower and VR is still pretty niche, let alone crypto.

At the end of the day an NFT is just an ID. However it is also a smart contract able to run code and be referenced in a trustless and decentralized way. All the art nft's literally just have a string of code that is a base url + ID that points to their specific image in a folder full of images. I see them as a good tool to gate access but nearly worthless for any further protection.

I don't have a specific recommendation at this time. There are always new chains and many of them never grow to anything or simply don't meet their own hype. ETH was good until it was slow and expensive. ADA's creator will probably die before its ever in a complete enough state. HPB is pretty cool but I never saw a big load on it. SOL just keeps failing to scale and iterate. AVAX I have heard a lot of good things about.

I can read smart contracts and technical docs and help with understanding, brainstorming, vetting, etc. Wouldn't say I'm qualified to write any at this point. Mostly am just a well rounded web/backend dev

ibins

argyle43 These games that create an in-game economy with in-game items for purchase

The so called "in game economy" is the bullshit that runs wrong in the whole gaming industry. And it does not matter if you hide your predatory monetization behind some virtual ingame currency or NFTs.

LordCrash

It's kind of wild to accuse people of not understanding the broader appeal of NFTs and what you could achieve for the subscribers with them like giving them an actual benefit at no extra costs, while your whole concept basically consists of a headline and two sentences that are barely understandable for normal people...

I still don't understand a single bit how these NFTs should benefit me. What am I supposed to get for my money here? And what is it that I'm missing out in case I don't want to purchase any NFTs? That's the really important question imho...

Rakly3

so NFT should become the new DRM, only to avoid the letters DRM?

No. It's not a 1:1 comparison. With NFT + blockchain you can do MUCH more. ie you could program the videos, scripts etc to automatically pay out the model(s), studio, producers, editors etc, in real time, every time some one purchases the content. That saves a lot of money on all billing related work and banking fees. - You wouldn't believe how much it costs for (any) porn site just to do all the billing and payments. It's probably the largest cost as a percentage of the revenue.
There would be no hassle about if the bills are correct, make invoices...
And it doesn't need a network like BTC to run this. You can run this on a phone (I wouldn't run it on phone though lol, not secure)

It would also incentivise the models themselves to advertise their scenes as they are directly impacted by it. Saves you (SLR) on advertisement campaigns.
Just an example.

It can be expanded on to introduce many more things.
ie, make all toys that come to market automatically compatible with scripts/SLR if the manufacturer wants to. And not depend on SLR devs to implement it one by one in the app. There's demand for many toys to be made compatible and not enough development power to keep up with it right now.

I mean, seriously, how are these bad usecases for NFT?

ibins

Rakly3 And it doesn't need a network like BTC to run this.

Well as far as I know most NFTs currently use the Ethereum blockchain, and therefore their proof-of-work algorithm with all the energy waste tied to it. Sure you could use other blockchains as well, and maybe one day Ethereum actually will switch to proof-of-stake, but for now it is how it is.

Rakly3 It can be expanded on to introduce many more things.
ie, make all toys that come to market automatically compatible with scripts/SLR if the manufacturer wants to.

You would not need NFT for this as long as you have a plaintext file that everyone can read, every toy manufacturer can do something with it.

It is quite the opposite, to make an analogy, NFTs are the music files tied to iPods back then when they where released back then. Without NFT you can have AACs/MP3s that are playable everywhere.

Rakly3

ibins 'NFT' isn't tied to a format. NFT isn't a 'thing'. It just describes certain characteristics of it.
NFT just is a description of uniqueness. Not that the asset is unique, but rather that you have it, it can still give you access to all the available formats and resolutions of that content.

There's two distinct approaches you could use here, but it ultimately depends on what your use-case for it should be.
You can make every video an NFT, or you can make access to it an NFT. (actually you can do both at the same time.) For a service like SLR, access would here be an NFT the user has. NFT ownership would be something the copyright holder has of that content.

About the Eth, that's a bit beside the point. It has no bearing on what it is or how you use it. I believe there's a lot of NFT's on Solana too? I don't actually follow any of the madness with the images and such. To me those are worthless and useless. I do understand why people hate them. It's just incorrect to think that THAT is all it is. - I'd compare it having an aversion to ALL mammals because a dog once bit you.

This system would also best be a private blockchain, not something you can trade on exchanges. 100% use case. The point also is to NOT have a plain text file. You would not actually have a plain copy of a script file on your device.

abcrebel

You can make every video an NFT...NFT ownership would be something the copyright holder has of that content.

Would that mean once a video is released, the NFT holder will always have access to the video regardless of if the creator takes it down, or later through ethics/compliance it is removed? That would be a good user-benefit.

What would constitute an exchange? I would think it would involve user-paid/subscription tokens, rather than a simple Favorite button click as the OP (from my changing interpretation) suggests. We favorite a video because we've seen it and like/support studio with it, or we intend to see it in the future. If NFTs replace favorites, then everyone receives their instant share, but there would be no visual representation of popularity/hot/top, unless instead a displayed count shows the number of NFTs for the video, ... I'm in left field somewhere trying to understand the difference (or similarity?) between the two and how in this "simple" case a good implementation of NFTs would appear on website or in-app.

LordCrash

Seriously, why should I care?

All I want is seeing some pussy and I'm willing to pay a subscription fee for it.

How that works in the background isn't something I'm really interested in as long as the whole system is easy to use and safe. Call it billing provider, blockchain, NFT or FuckerMcFuckface or whatever, doesn't matter to me.

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