Interesting question from @kylereidhead on birdapp: what are the usecases & motivation for collecting content NFTs (Lens posts, articles, etc)? Supporting creators, expectation on future utility, displaying it in your wallet, etc? https://twitter.com/kylereidhead/status/1596154485331615747
Some really interesting thoughts in this thread so far. Content NFTs are exciting. But it’s important to figure out why and what’s possible from it.
At this point I grab many Mirror NFTs as thanks / we’re rooting for you / I see you / keep going. No expectation of anything in the future. It’s like an extremely high effort “like” or “favourite”.
IP control and sales is the use. Won’t happen until the US Copyright Office modernizes from the 1800 to the 2000s by having an NFT/Smart Contract for copyright hit. Mountable copyright is the gateway for bull market for NFTs.
Everything you mentioned is true but it goes much deeper than that. It is about building the new world where people really own things, also in the digital world. Culture and content is about to become much more important than it is today. And nfts are the place to start and to learn.
Some half-baked ideas about potential use cases: 1. Provide a monetization method, eg., collect to read vs just pay to read 2. Token gated community access, such as collecting at least one article by the author
Mostly a public representation of a "like" button. Like "I associate myself with this content".
I think Mark Cuban has a great point of view on this. One use case would be NFTs related to a sports or live event experience - Taylor Swift concert, NBA Finals, World Series, etc
The Reddit effect - because I like the product (Reddit), I buy its collectible (Avatars) to look apart from the crowd Same goes for my beloved writers
I’ve been reflecting about this recently. I would collect content NFTs as a way to ensure the content is memorialized in the future to showcase the history of a community of people that’s often seeps into invisibility as history progresses. Think of the diaspora movements in the US as an example.
semi hot take but I think ownership only matters to the average user if they can monetize it, either via reselling/ad-revenue or via online reputation building. collecting for fun doesn’t scale imo. i talked about this a bit wrt to unlonely NFCs
Collecting is cool can have incredibly strong network effects. Best real world example of this is the Nike AF1.
I’m pretty bearish on the concept of collecting content in the way it’s currently implemented, eg Mirror Writing NFTs. I don’t think majority of people want to have a bunch of single-NFT collections in their wallet with a pointer to a blog post or whatever.
Hot take. Experimentation is great but I don’t think content NFT is what people want. If you want to support authors, tipping (in crypto or fiat) is way more simple. It makes sense for creators to pick some special pieces and sell it as merch NFT. But making every content as NFT that consume block space is pointless.
Content shouldn’t be owned unless by the creator, but monetized by access & ppl who amplify/bring new reach
I have yet to see content NFTs as anything other than an unhealthy attachment to capitalism. Like, now we get to obsess over buying and selling and who has what in the digital world, where we were finally free of all that.
One use case is composable content. Eg I want to write an explainer article around bitcoin node types. I want Gemini’s definition of a full node, a reference to Coinbase’s post on mining, a node thumbnail from decrypt + my own commentary. Each object is its own NFT and I wrap the entire thing as an ERC1155