NFTs are great, don’t let the bad projects turn you off from the technology

I see a lot of blind hatred of NFTs even among groups of crypto enthusiasts and I think it’s a shame.

NFTs aren’t bad at all as a technology; It’s just most projects so far have been awful.

Allow me to paint you a picture:

Imagine you want to go to a concert. Reselling it is often a huge pain and very sketchy. You often have to deal with scalpers. You often can’t resell it at all. Then once you finally have it and go, it’s gone forever.

What if instead that ticket was a NFT? Now you could have it be instantly verifiable as genuine. You can have a percentage of any proceeds from reselling go to benefiting the artist. You could cap resell prices to prevent scalping. Then you could also have a fun little digital souvenir to collect afterwards to display as a badge on your music profile somewhere like Spotify showing all the concerts you’ve been too with fun little graphics. Wouldn’t that be cool?

That’s just one of infinite possibilities. Take gaming, let’s see you play a game like Overwatch and they release the Pink Mercy skin in support of charity. Cool! You buy the skin, you support the charity. Great right? Sure. But what if you missed the event? You can’t buy the skin and even if you bought someone’s account who had it you wouldn’t be supporting charity.

So you make it a NFT. Now it can be resold, people who supported charity can turn a profit after enjoying the skin for years, and guess what? The future resells could automatically take a percentage to support the charity further! More money for charity, more money for gamers, more people getting the skins they like. Win win win!

Imagine all the possibilities. Tokenized memberships, being able to own and resell digital music/games/movies/etc, smart contracts renting decks in Magic the Gathering before you commit to buying, and so much more. Don’t turn your back blindly on the technology because of all the stupid JPG NFTs.