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RE: Product vs Software Releases: Upcoming NFT Market
I'm personally going to need to see a few examples to really wrap my head around it.
I was thinking of a new splinterlands player tokenising a deck, selling tokens and buying packs with the proceeds, and distributing a percentage of rewards/winnings amongst token holders, but then a fungible token could do that.
I guess we could go up a level, like felipejoys and the herons.
I could recruit 10 top level tcg players, and launch 10 tokens.
Speculators look at past accomplishments of each of the players, and buy tokens in one or several of them.
I could actually just pay them in fiat, and pocket their winnings; they don't even need to know/care about crypto.
In reality what's happening is that there's a database. In a fungible token you keep track of one major stat. How many of these tokens do you have. With NFTs each one of the tokens has it's own row. So now instead of tracking one thing "how many do you have?" you can track any amount of stuff (determined by how many columns you use in teh spreadsheet/database.
So, we can start with issuing serialized collectibiles. Boom you have number 15 of 500 of Klye's sweet sweet ms-paint piece entitled "whale balls"
OK, then you want to make a simple game. Those painting can now do something. You score points with them every time you X. winner receives Z every time it happens.
Ok, now you are moving beyond simple games to complicated. Diablo has a killer loot system. All these distinct items with different buffs. Well, they can all live on your private database or move to this system and be tradable! Now I can take this sword that give agility damage and healing and sell it to someone else.
Ok, lastly. I want to Tokenize a time share. I make 365 of them representing I day's worth of time share. Each one has a day associated with it. So, you don't have 1 day of 365. You have January 3rd! That's just one column of data. You could store hundreds of data points for thousands of tokens and track the living shit out of all of it!
That'd be interesting.
Sell recurring rights for 305 specified days, for $500/each
Buy one of these guys off the coast of Panama:
The remaining 60 days you can take yourself, or rent it out yourself, to cover upkeep.
Who's not going to drop $5000 once to lock down a ten day getaway every year indefinitely? Starting to see some of the potential here.
Door lock can only be opened by the relevant account's keychain device.
Don't want to use your days this year? Delegate the tokens to somebody else.