Board 8 > Warner Bros Discovery gives up on life and releases movies as NFTs

(+) Yeah! (+)

Fans of The Lord of the Rings can now acquire, participate, and trade in an epic living media experience that will undoubtedly surprise and delight them, said Munson. Its truly designed for a mass consumer audience, not just Web3 enthusiasts, which is why it should, and does, feel so remarkable and engaging.

I think there's a use for NFTs as something useful and we just haven't found them yet

Not really sure WB is going to figure it out either but I think NFT has a stigma needlessly

Being able to buy the rights to owning a movie as NFT and selling it to someone else seems completely fine. I suspect that's not exactly what they're doing though.

It sounds like they're putting a bunch of superfluous visual junk around the movie but it's hard to tell with all the corporate buzzwords. And I very much doubt that these types are voluntarily looking to make their digital products resalable without a substantial benefit in it for them.

It sounds like they're putting a bunch of superfluous visual junk around the movie but it's hard to tell with all the corporate buzzwords. And I very much doubt that these types are voluntarily looking to make their digital products resalable without a substantial benefit in it for them.

As long as NFTs still have the same environmental impact, absolutely no other factor matters.

If one tries to sell the NFT, they owe WB the greater of 10% of the sale price or $7.99. Also, when WB abandons the project, they are not obligated continue providing a stream of the movie or provide compensation for the stream being gone.

There are perfectly legitimate use cases for NFTs, but the fact that absolutely nobody is interested in pursuing them over this nonstop grifting is telling.

I have yet to hear of any!

Best use case I've heard is like loot in an RPG bring coded as an NFT and being able to use that loot in a different game.

Best use case I've heard is like loot in an RPG bring coded as an NFT and being able to use that loot in a different game.

You don't need it to be an NFT to be able to use it in a different game though.

This can already be done in non-NFT games that want to support it. Pokemon from older games can be transferred and converted into a Pokemon usable in more recent games. Well, some of them can. This process still requires Game Freak to put in the effort to program support for older Pokemon. That's the big problem and NFTs do nothing to solve it. NFT or no, it isn't possible to transfer a Pikachu to a game that doesn't know what a Pikachu is.

It's an NFT problem if you want the game loot to have real world value though.

But yes it requires work. It's an anti-cheating measure more than anything. For games that are subscription based which is more where I'd see it applying, MMOs and stuff rather than Pokmon this is more of a concern.

Say this car costs a LOT of real money. Like a real car basically. Say it costs like $15000.
You don't want to be subject to the whims of one of the company basically saying "well that car is on our server currently and we're ending support so you no longer have your car."

Because that car costs so much you don't want it to be something that only one company profits from the sale of or that one company can revoke your access to.

Like here's a more easily understandable example

Say there exists a system of MMO type games and you can buy a car that is usable to you know, basically be a virtual car that lets you get around in the games. Say you can use it in any of the games. Say there are a lot of these games.

Say this car costs a LOT of real money. Like a real car basically. Say it costs like $15000.
You don't want to be subject to the whims of one of the company basically saying "well that car is on our server currently and we're ending support so you no longer have your car."

Because that car costs so much you don't want it to be something that only one company profits from the sale of or that one company can revoke your access to.

There is nothing currently applying these principles, but there could be. This is the whole metaverse thing that's getting hype. NFTs are necessary for that to actually ever gain traction as a concept.

If I own a digital object, and the company that created it and lets me do stuff with it abandons it, should I be hoping another company decides to manage it for me instead, or should I want a way for anyone to use it, like a private game server, now that it's obsoleted as a commercial device?