Buyers of Bored Ape NFTs sue after digital apes turn out to be bad investment - eviltoast
  • Selmafudd@lemmy.world
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    1 year ago

    I can see ticket sales being issued via nft. They could set a maximum the ticket can be resold for, thus hindering scalpers and the original seller can also get a stake in the resale of the ticket. Beyond that I have never seen another decent use.

    • Square Singer@feddit.de
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      1 year ago

      But again, why do that if you can also bind tickets to names and use that to make yourself the only possible place where people can sell their tickets on, with a substantial fee (like Ticketmaster does)?

      They have no incentive to let people freely sell tickets when thy can also force themselves in as mandatory man in the middle.

      • Selmafudd@lemmy.world
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        1 year ago

        You remove the burden of verifying the names and storing the personal data and you don’t need to handle the resale inhouse. Other than that yeah it’s pretty much the same thing

      • aesthelete@lemmy.world
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        1 year ago

        Yeah and rent-seeking is the only real big business left in town besides personalized advertising.

        No way a rent-seeking opportunity this great isn’t going to be gobbled up by the existing players and instead given up for free so that they can use new, poorly performing, expensive technology instead.

    • natanael@lemmy.ml
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      1 year ago

      You can’t cap resale prices with technological limits because payment can be split between multiple channels before the seller transfers ownership.

      • Selmafudd@lemmy.world
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        1 year ago

        Yeah, that’s why I only said hinders not stops. I mean I personally wouldn’t send two payments where one of the transactions is one sided because you just open yourself to bring scammed but I’m sure some people would

    • aesthelete@lemmy.world
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      1 year ago

      I could see that being a use case if it weren’t for how much the underlying technology sucks ass. Blockchains spend too much time doing their silly little trust-less security nonsense dance to be able to perform at the scale needed by systems that will sell…say…Taylor Swift concert tickets.