Why are people saying NFTs will kill Netflix? What do they mean by that?
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Why are people saying NFTs will kill Netflix? What do they mean by that?
A new world of NFT-based media may liberate us all to watch just the things we want. No more Netflix or Amazon subscription; I just buy my NFT version of a show via blockchain, straight from the creator. But it’s going to make for an almost unfathomably vast, unnavigable sea of individual offerings.
NFT is just gloried fraud, to be very honest with you. I believe that’s exactly what many people are complaining about. Capitalism, in the real physical world, is all about ownership of assets, and leveraging that ownership to make money. Extending this concept to the digital world therefore looks like another growth of extreme capitalism. This is exacerbated by the fact that these digital assets have no intrisic value. They are purely a proof of ownership, for the sake of ownership, which sounds like the exact definition of greed.