Without having read the content I’d say that NFT’s have a negative effect on the Internet. Intrinsically I think they are neither. However, this is affected by society and as a result becomes good or bad in relation to the user of the token. After having read the article “What Are NFT’s And Are They Here To Stay” by Tyler Gallagher, my opinion of NFTs and their effects on the internet has completely changed. NFTs are very usable and have a vast amount of possible applications. I have found the best feature to be the fact that it essentially removes “the burden of having to hire third-party authenticators to verify whether a collectible is truly genuine”. This in turn can lower the cost of NFTs while making the process faster as it would be directly from product to customer. However, in their entirety NFTs aren’t currently good as they’re not fulfilling their intended role. A role which was in “enabling artists to exercise control over their work, to more easily sell it, to more strongly protect against others appropriating it without permission” as stated by Anil Dash in his article “NFTs Weren’t Supposed to End Like This.
Oct 12
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