# Fuck NFTs! NFTs. Fuck 'em expensive images. Rules: - Follow Fediverse Code of
Conduct [https://mastodon.social/about] - When posting links of news articles,
put the article title in Title section then diss/shit about them on the Body
section - Do not post misinformation/disinformation - If you think an NFT is
still cool, please screenshot them before sharing them here. - Obviously, don’t
promote/self promote of any kind, esp. NFTs Icon from Untitled Collection
#202729794 by NFTJ2
[https://opensea.io/assets/ethereum/0x495f947276749ce646f68ac8c248420045cb7b5e/94376598192474096290575604325540327788741331549399312329838622244948573945857]
Tickets and receipts are interchangeable. It is an item that shows proof of ownership.
Artists and venues are not capable of building their own ticketing and distribution platforms, which is why companies like Ticketmaster exist in the first place and come with exorbitant fees.
I, as an individual with no funding whatsoever, can create NFTs that could act as tickets to an event while guaranteeing that the tickets can’t be forged.
I honestly do not see how it’s inefficient. The cost is incredibly low. The network almost all NFTs use (Ethereum) has reduced its energy consumption by 99.99% since switching to PoW. From an end-user perspective it would be no different than purchasing a ticket from any other digital storefront. Paying $25 in fees on a $50 ticket is inefficient. Every venue building their own ticketing system is inefficient.
I feel like so many people think I’m some crypto maximalist when I talk about how NFTs are not entirely stupid. NFTs are such a general idea it makes no sense to say that they have no valid use cases unless you believe that all decentralized networks (including the fediverse) are dumb.
Exactly.
All the people defending NFTs are ignoring the problem that they are still a very inefficient way to handle the proposed usecases.
Tickets and receipts are interchangeable. It is an item that shows proof of ownership.
Artists and venues are not capable of building their own ticketing and distribution platforms, which is why companies like Ticketmaster exist in the first place and come with exorbitant fees.
I, as an individual with no funding whatsoever, can create NFTs that could act as tickets to an event while guaranteeing that the tickets can’t be forged.
I honestly do not see how it’s inefficient. The cost is incredibly low. The network almost all NFTs use (Ethereum) has reduced its energy consumption by 99.99% since switching to PoW. From an end-user perspective it would be no different than purchasing a ticket from any other digital storefront. Paying $25 in fees on a $50 ticket is inefficient. Every venue building their own ticketing system is inefficient.
I feel like so many people think I’m some crypto maximalist when I talk about how NFTs are not entirely stupid. NFTs are such a general idea it makes no sense to say that they have no valid use cases unless you believe that all decentralized networks (including the fediverse) are dumb.