Quote:
Originally Posted by JohnnyB
Yeah, from the team point of view the incentive is definitely monetizing more of their relationships with fans than they could before. In terms of not just doing a mail list, it's basically about being able to create many more kinds of interactions and incentives in place than could be done with a mail list. For example, he talked about doing something where every time a goal is scored a token, such as a picture of the goal, gets air dropped into the wallets of 0.1% of token holders, and anyone who holds pictures of all the goals by the end of the season gets to hang out with their favorite player for a day or whatever else would incentivize their fans to collect. That would require fans buying/selling the pictures between themselves to see who could collect them all, and the chain that they would be doing it on would be a team or league owned chain where they run the validation nodes and so the team or league also collects all the transaction fees of the network.
From the fan side, the incentives would be the fun of collecting, speculating, feeling like they're more engaged, or getting the chance to have some unique experiences or benefits, but the driving factor for the team would definitely be the ability to generate new revenue streams from fans.
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Those are still fungible items and it's very clear you're getting something in return, even if it's over priced.
NFT are literally "Non Fungible Tokens". It's wisp. Now, if the NFT was associated with a milestone puck and then people think it's cooler that they can share that online as an additional aspect to memorabilia, or if you bought specific item(s) that allowed you to specially share a unique clip via NFT of a player coming to town you could share on social media... those NFT functioning like a digital certificate of authenticity + something additional to a function item might make sense as it's adding a clear benefit and value to the purchaser. But if purely non fungible, it's lipstick on a pig nothing.
I've mentioned before that NFT are perfect digital DRM for something like a super unique weapon or item in a game if it's digital only. Any less than this in terms of an owners ability to use/enjoy is pointless IMO.