this post was submitted on 13 Jun 2025
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I’m old enough to have gone through a number of these technology bubbles, so much so that I haven’t paid much attention to them for a fair while. This AI bs feels a bit different, though. It seems to me that lots more people have completely lost their minds this time.
Like all bubbles, this too will end up in the same rubbish heap.
That's because there's a non zero amount of actually functionality. Chatgpt does some useful stuff for normal people. It's accessible.
Contrast that to crypto, which was only accessible to tech folks and barely useful, or NFT which had no use at all.
Ok, I guess to be fair, the purpose of NFT was to separate chumps from their money, and it was quite good at that.
Possibly through ignorance or misunderstanding, btu I still think the tech behind NFTs may have some function, but it's certainly not the weird pictures of badly colored in monkeys speculation market that happened there.
It could potentially work for DRM, in that you can have a key assigned to an identity that can later be transferred and not be dependent on a particular marketplace.
For example, you could buy a copy of whatever next year's Call of Duty game will be, and have the key added to your NFT wallet. Then you could play it on XBox, Playstation, Steam, or GOG with that single license.
Of course that will never happen because that'd be more consumer friendly than we have now.
Basically functioning as a digital proof of purchase.
As a digital proof of purchase that can be frictionlessly traded without the permission of the platform it was purchased from.
I.e. you don't need the site you bought the ticket's permission to trade that ticket to someone else
There are a fucktonne of applications
Fully automatic rentals where your NFT is your key to access
Protection for small time content creators who want to retain control of their content.
Virtually abuse proof copyright system
Game items and characters that are not bound to the game they originate from
Automatic IP rights assignments
Frictionless software and service licensing
Literally anything a standard contract can do