855
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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Or not. The company could choose not to honor that sale.
In the situation I'm referring to, the issuer has no control over the asset once it's been bought; it would be sold to another buyer, and the transaction could be done on any third party marketplace. In return for loss of this discretionary power, the issuer receives a cut of the secondary resale - that is baked into the token when it is created.
It'd be as close to mimicking the rights of owning a DRM-free physical copy that I know of, with the added bonus of cutting creators into the secondary market, which incentivizes them to care about long term support. I like that bit, and it is too rarely mentioned.
Why not instead imagine a future without DRM where there's no artificial scarcity for digital goods?
If I'm in the mood to fantasize, I can do a little better than that.