I’ll wait on the larger theory of NFT’s for later. TLDR; NFT’s are a new way of structuring value flows that takes advantage of blockchain trust and transparency to potentially radically shift things in a good direction. Right now I’d like to suggest a few example “NFT’s” or, more specifically, smart contracts that I hope will open up some fruitful areas of exploration in the larger NFT world. The intent here is not to “get it right” but to provide enough concrete detail that someone else can really implement some of these ideas and, with luck, the NFT “self organizing collective intelligence” can run with and evolve in more and more interesting directions. A secondary intent is to gesture in the direction of the larger theory and why I propose what I propose above.
Each token minted represents something good. (Non-profit mints 1 token per 100 trees planted).
Each token minted has a simple symbol as the first “layer”. (100 trees is a simple stick figure tree).
Every time the token is traded, the buyer can add a layer. (Beeple buys a token for 0.1 ETH, draws an apple on the tree, sells for 10 ETH to a collector who puts their signature at the bottom and flips to another collector for 100 ETH).
Every time the token is traded, 50% of the price goes back to the original minter. (55 ETH is sent back to the non-profit).
Very cool! First I'm reading of these besides hearing in passing. I'd also propose you change the numbers in the purchaser parameters, because if I'm following, A+B gets the minter 16>15.5, right? Although combined with the first example... having 3 NFTs in the ether could possibly lead to a greater volume of 'resale royalties' hah!
Building on Jared's type of idea (i.e., "layers"). What if the tokens represent an unfinished thought, like the start of a novel, and you purchase the rights to add the next layer to the story... Or we start with that clip of Thor, the next buyer adds another clip, and so on! A reverse crowdsourced movie?! Lol
Love these! Here’s another:
Each token minted represents something good. (Non-profit mints 1 token per 100 trees planted).
Each token minted has a simple symbol as the first “layer”. (100 trees is a simple stick figure tree).
Every time the token is traded, the buyer can add a layer. (Beeple buys a token for 0.1 ETH, draws an apple on the tree, sells for 10 ETH to a collector who puts their signature at the bottom and flips to another collector for 100 ETH).
Every time the token is traded, 50% of the price goes back to the original minter. (55 ETH is sent back to the non-profit).
Very cool! First I'm reading of these besides hearing in passing. I'd also propose you change the numbers in the purchaser parameters, because if I'm following, A+B gets the minter 16>15.5, right? Although combined with the first example... having 3 NFTs in the ether could possibly lead to a greater volume of 'resale royalties' hah!
Building on Jared's type of idea (i.e., "layers"). What if the tokens represent an unfinished thought, like the start of a novel, and you purchase the rights to add the next layer to the story... Or we start with that clip of Thor, the next buyer adds another clip, and so on! A reverse crowdsourced movie?! Lol