Similar functions in NFT are not protected. They rely on an external infrastructure that exists independently of the NFT. If you are wondering what role the NFT itself plays in this, then no. She robs the fool of his Monopoly money.
You “own” the monkey jpeg. But it doesn’t really belong to you. Added a link to the NFT pointing to a monkey. The part of the server on which it is stored is not subordinate to you. You may not have any way to somehow influence this picture.
But if you can’t delete that jpeg, move it, hide its location from the public, prevent other people from downloading, copying, modifying or distributing that jpeg, in what sense do you own it?
None. You “own” an entry in the ledger that says that you paid a smarter person so much cryptocurrency, and there is also a picture of a monkey on such and such a link. Which may not be true – if the record in the book itself is immutable, then the data it points to does not have this property.
“Your” monkey picture relies solely on social convention, since you have no way to secure ownership of it.
Similarly, you can buy a special pistol in Ghost Recon: Wildlands. It will “belong” to you and you can do whatever you want with it. At least if the person who made this gun allows you to do it, since he controls the data, not you.
If you want to redeem some NFT-related code, you might be able to. If you feel like doing something else – like dragging your pistol into Fortnite – you’ll find that Fortnite doesn’t have to create an “importable pistol” for you.
But if your pistol from Ghost Recon: Wildlands is just a DLC pistol for Ghost Recon: Wildlands, then what was the point of making an NFT at all? None. The NFT has no purpose. We already have a much better working DLC infrastructure.
This is useless technology. In general, technology is strange to be useless, but it literally does almost nothing. And the one thing it does (an entry in an immutable ledger) is not very useful for any of those cases that people like to talk about.
In fact, when studying the concept of non-fungible tokens, it is necessary to concentrate on the word “token”. Token token] is data. This is what makes NFT different from a regular cryptocurrency transaction. A token is a useless object that, theoretically, can be exchanged for a useful one.
What will happen to all your slot machine tokens when the game room closes? You will just end up with a pile of useless tokens.
Virtually no NFTs have any value that these tokens could be exchanged for. And there never were such values: no one was going to do anything when someone offered him their token.
Today, most NFTs are sold to the noise of bombastic statements that someday there will be a magic shop in which these tokens can be exchanged for all sorts of treasures. But there will never be a shop. And in many cases, it simply cannot exist.
In the few cases where such promises are not impossible for technical, logistical or legal reasons, the thing that the token promises to support already exists in a much more convenient form.
“NFTs will be able to bring together words, images, videos and music to create a new kind of literature!”
This is called a “website”. homestuck. You just described the Homestuck interactive comic .
What are you going to do with the 1 Homestuck value token?
Who will give you a token worth 1 Homestuck? You can sell such a token to someone else, but then what will he do with it? The only way to use this bullshit is to sell it to the next fool more stupid than you.
In fact, in order for these tokens to acquire some value in the real sense of the word, that is, to become useful for some purpose, it is necessary that some entity appears that agrees to accept and process them. If the token stands for a gun in a video game, the video game must provide the infrastructure to handle it.