Cryptomedia, NFTs, and the Next Internet

<i>It’s now listed in the blockchain and universally recognized by the world that you are the rightful owner of the work.</i><p>No it’s not. Anyone could have put an artwork on the blockchain, even if it’s not theirs. Just because Alice uploaded an artwork doesn’t prove rule out the possibility that Bob was the creator.<p>Blockchains cannot link to the physical world while keeping their properties of ‘proofs’, yet so many projects seem to ignore this inconvenient fact.

Coming soon, the CryptoKitties IPO?<p>There really is a market for unique stuff, even useless unique stuff. See Upland, Decentraland, etc., where people are buying virtual real estate. In Decentraland (which is totally centralized) you can at least log into a virtual world and put something on your land. Upland skips that step. You just get tradeable certificates which supposedly represent real-world locations to which you have no rights.

I&#x27;ve become fully immersed. It started with seeing tweets about six weeks ago and lately CH rooms nonstop. NFT&#x27;s are having a moment. From generative projects, to to NBA Top Shot, CryptoPunks, Beeple, b.20 my mind is blown. I&#x27;ve been painting token-related paintings for a couple years, and digitized my artist persona this past week via OpenSea.<p>Beeple&#x27;s Christies auction will be very interesting.

It still blows my mind that CPI is not budging. Maybe it is true that we collect useless collectables during times of abundance instead of stuff that we need for survival.

If you are interested in nfts&#x2F;virtual worlds from the perspective of a hacker creating a video game (that’s me!), my startup <a href="https:&#x2F;&#x2F;webaverse.com" rel="nofollow">https:&#x2F;&#x2F;webaverse.com</a> recently got seed funded to explore the business model space and we are hiring engineers. I love onboarding folks onto this wacky world.

Man a card game based on NFTs would kill. No concern for fakes when purchasing, perfect knowledge of supply and card history. I can&#x27;t wait for this NFT stuff to kick off and murder blizzard&#x2F;activision&#x2F;EA models where they print money by pretending certain items are scarce.

I wonder if each audio byte on <a href="https:&#x2F;&#x2F;rapbits.com" rel="nofollow">https:&#x2F;&#x2F;rapbits.com</a> can be its own NFT. That would be kind of fun.