we agree NFT fail in these case. however, these were not the ones i defined nor was there a claim NFTs work in all cases.
the metapoint is that whether NFTs are a fad or fundamental technology will be defined by new use cases, so we should focus analytical efforts there and see if any yield sustainable value.
if taylor swift wants to outsource royalty capture to law-abiding companies, who provide the bulk of royalty revenue, she can do so with NFTs.
we also agree that NFTs do not replace legal courts, but neither do record labels.
the metapoint is that whether NFTs are a fad or fundamental technology will be defined by new use cases, so we should focus analytical efforts there and see if any yield sustainable value.
if taylor swift wants to outsource royalty capture to law-abiding companies, who provide the bulk of royalty revenue, she can do so with NFTs.
we also agree that NFTs do not replace legal courts, but neither do record labels.